Hanwha Chemical

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Hanwha Chemical (KRX: 009830) is established in 1965. As the very first company to produce PVC, LDPE, LLDPE, and Chlor-Alkali in Korea, it ha*CEO: Ki Joon, Hong

  • Date of Establishment: August 1965
  • Number of Employees: 2,171 (2010.12)
  • Capital Stock: 7,070 (Unit:100 million / 2009.12)
  • Total Sales: 36,282
  • Total Assets: 54,208
  • Net Profit: 3,992

History

Hanwha Chemical was established in 1965, produced Korea’s first polyvinyl chloride (PVC) in 1966, and localized low-density polyethylene (LDPE) and linear low-density polyethylene (LLDPE) production, helping the nation to emerge as a leading chemical producer. In the 1980s, the company was the first to enter the chlor-alkali (CA) field in Korea. Later, the company diversified into organic and inorganic chemical products.

In the 1990s, Hanwha Chemical localized the production of new materials, such as wire and cable compounds, paving the way into new value-added business areas. Advanced environmental protection systems were installed, solidifying the company’s leadership position, and process technology was commercialized for treating nonbiodegradable waste materials. These developments elevated national competitiveness by improving the environmental friendliness of and adding value to chemicals made in Korea.

The company continues to cultivate the people necessary to operate globally. Organizational efficiency has been improved to add greater flexibility and to accelerate decision making, thereby maximizing results. Hanwha Chemical aims to be a "Global Chemical Leader" by 2015, with sales of US$8.2 billion and operating profit of US$1.1 billion. To this end, new growth drivers are being sought, innovations are being made to improve cost competitiveness, and brand value is being maximized.

Products

Hanwha Chemical's products are largely divided into polyethylene (PE) products that are used mostly in agricultural films and electrical cables, caustic soda (CA), and polyvinyl chloride (PVC) products that are primarily used in construction materials and pulps, and new business including solar energy, carbon nanotubes, secondary battery materials, biosimillars, and biopharmaceuticals antibodies.

Polyethylene

  • LDPE (Low Density Polyethylene)
  • LLDPE (Linear Low Density Polyethylene)
  • EVA (Ethylene Vinyl Acetate)
  • W&C Compound (Wire and Cable Compound)

Polyvinyl chloride

Caustic Soda

New business

In addition to PE, PVC, and CA, Hanwha Chemical developing and exploring new fields in the areas of environmental and futuristic new materials as possible growth engines for the future.

Solar

Hanwha Chemical, as a key affiliate of the Hanwha group, is actively promoting a business related to solar energy. Hanwha Chemical has been producing 30MW cells since 2009 and takes firm steps further for a key global solar energy company through acquiring of Solarfun Power Holdings, the world No. 4 module producer in August, 2010. After the acquisition, the company’s name was changed to Hanwha SolarOne. Hanwha SolarOne will building a 1,000 MW solar cell plant in China and expandging production capacity consistently. Also, Hanwha Chemical made decision to build a manufacturing base for polysilicon, a core ingredient for photovoltaic equipment that translates light energy to electricity.

Biologics

To be a global leader of the biopharmaceutical industry, Hanwha Chemical develops a portfolio of biosimilars and antibody drugs and invests in its R&D and manufacturing. The phase III clinical trial for a medicine treating rheumatoid arthritis was completed in Korea and its launch is scheduled by 2013. Click the link below to visit the website of Hanwha Biologics.

Hanwha Biologics

Battery Material

Succeed in development of anodic material, 'LFP'. The plant for anodic material will be established in 2010 and commercial production will start in 2011.

Nanomaterials

The company secured CNT (Carbon Nanotube) and Graphin manufacturing technologies. Now Hanwha Chemical develops new technologies to diversify CNT applications.

Affiliates

Hanwha Chemical is a member of the Hanwha Group. Hanwha Chemical's affiliates include Hanwha L&C(100%), Hanwha Galleria(100%), Dreampharma(100%), Hanwha Int Co.(100%), Hanwha Urban Development(100%), Yeochun NCC(50%), etc./

References

    South Korea KRX 100 companies of South Korea
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