Headlines for October 2017
1. [Hanwha Group] Held the Hanwha Classic 2017 concert
Hanwha Group has tried to spread the beauty of classical music by holding a performance that everyone can easily enjoy. This performance is the Hanwha Classic, which visits us every autumn. Hanwha Classic 2017 returned this year with baroque music, which we can enjoy with all five senses.
The Hanwha Classic 2017 concert, an opportunity to encounter classical musicians of the highest caliber was hosted by the Group on September 23rd at the Seoul Arts Center and on the 24th at the Daejeon Arts Center. Since 2013, the Hanwha Classic has introduced ‘the best performances’, as recognized by the classical music industry every year. This year Hanwha Classic invited world-renowned conductor William Christie and his ensemble, Les Arts Florissant, and they presented two baroque operas heard in Asia for the first time.
To introduce an opera, which is a composite art form of classical music, Hanwha Classic 2017 carefully selected performers from among the best in the world. In the interest of social responsibility as related to arts and culture, the scale of the performance increased while ticket prices significantly decreased in order to invite more audience. Thanks to the special narrations before the concert, many newcomers to classical music were able to enjoy this year’s performance even more.
The Group is planning to hold more diverse and elegant classical concerts to lead Korea’s performance culture so that more people can enjoy classical music and also to satisfy the audiences who have been continuously supporting the events.
2. [Hanwha Q CELLS] Participated in the largest Solar Power International exhibition in the U.S.
Hanwha Q CELLS, which in 2016 became the number one solar cell manufacturer in the world, participated in the largest solar exhibition in the U.S., Solar Power International (SPI), held in Las Vegas from September 11th to 13th. Q CELLS targeted the American market as they introduced their newest products at the show.
The Solar Power International (SPI) is the largest solar exhibition in North America, with 50,000 visitors and about 600 companies from 75 countries. Hanwha Q CELLS set up the largest booth at the exhibition and welcomed the visitors from around the world.
Hanwha Q CELLS attracted a lot of visitors by unveiling the Q. PEAK DUO Series, which is a Q.ANTUM-based solar module with Half-Cell technology. The Q.PEAK DUO Series is a high output module that can reach up to 395Wp with a maximum 20% increase of output compared to the previous modules.
Moreover, Q CELLS also displayed an All-Black module, which has a cosmetic advantage, and a Q.HOME, which is an ESS solution for the residential applications targeting the American housing market in particular. The Q.HOME is composed of a solar module, an inverter, a battery, and a backup box.
Additionally, in order to emphasize Hanwha Q CELLS’ global R&D competencies, they displayed the steel frame module that received three technology innovation awards in early 2017.
The exhibition served as an opportunity to imprint Q CELL’s image as the global number one solar energy company on the US market.
3. [Hanwha Group] Held the ‘Hanwha Classic 2017’, a major KLPGA tournament
The Hanwha Classic 2017, which was promoted to a major KLPGA tournament this year, was held from August 31st to September 3rd at the Jade Palace Golf Club. Top-ranking players from Korea, Japan, and the U.S. competed for the highest prize money of the KLPGA Tour.
The Hanwha Classic was recognized for contributing to the development of professional women’s golf, and was promoted to a major tournament. To reflect this meaningful promotion, starting this year the tournament was held under the new name. As it proves to be the largest tournament in Korea, the Hanwha Classic was literally a war of stars since the outstanding courses attracted the world’s top-ranking players.
The total purse was 1.4 billion won, 200 million won more than last year, and the winner’s share was 350 million won. Since the prize money was the largest ever in the history of KLPGA, the tournament received a lot of attention before it even began.
Meanwhile, a pro-am event was held on September 28th prior to the start of the main tournament. Chairman Kim Seung-youn personally visited the event and encouraged players and participants.
The Group has been trying to develop Korean golf events by continuous support. The event began as the Hanwha Cup Seoul Women’s Open in 2009, it was once called the Hanwha Financial Classic, and now it has been reborn as the Hanwha Classic. Hanwha plans to develop Hanwha Classic as a major golf tournament on a global scale that serves as a gateway to the world for Korean golf players.
4. [Hanwha Techwin/Aerospace & Defense Business Group] Held groundbreaking ceremony for HAE, a subsidiary company in Vietnam
Hanwha Techwin Aerospace & Defense Business Group held a groundbreaking ceremony for HAE, a Vietnamese subsidiary company in Hoa Lac Hi-Tech Park located near Hanoi in Vietnam. About 120 people, including Shin Hyun-woo, CEO of Hanwha Techwin Aerospace & Defense Business Group, the minister of Science & Technology in Vietnam, and an ambassador to Vietnam attended the ceremony.
They agreed on the safe construction of HAE and held a groundbreaking ceremony for a new aircraft engine part manufacturing plant 60,000m2 in size, eight times of a football field, and offered a prayer for construction safety.
Hanwha Techwin believes that their production capacity is going to increase through the building of this overseas aircraft engine parts production plant. Through more aggressive sales efforts, they plan to expand their revenues from commercial aircraft engine parts to about one trillion won by 2025, which would make them number one in the world in the industry.
The construction began this September, and installation of equipment and pilot productions are scheduled for the end of 2018. The company has set January 2019 as the target for beginning of a full-scale production.
We hope that Hanwha Techwin Aerospace & Defense Business Group takes this opportunity to become a global top-tier manufacturer in the aircraft engine part industry.
5. [Hanwha Group] Received 2017 Annual Report Competition Award in brochure category
A Hanwha Group brochure that introduces the Group’s vision and strategies received a bronze prize in the brochure category at the ASTRID Awards in April 2017. The same brochure was selected as an award recipient in the same category at the 2017 Annual Report Competition (ARC) Awards. Hanwha Group’s brochure received an ‘Honors’ prize in the company profile category and a ‘Bronze’ prize for interior design.
The ARC Awards, which was founded in 1987, does not depend on corporate commercials and sponsorships. And it is the world’s most prestigious competition supervised by Mercomm, the only independent award organization in the world. About 2,000 candidates from 70 countries were submitted and went through fierce competition this year.
The Group’s brochure, which was updated in 2016, emphasized the presentation of Hanwha’s improved status by focusing on business strategies with content based on changes in the Group’s business portfolio in the global market. The creativity and uniqueness of the design that expressed this purpose was recognized, and it received Honors in the company profile category and a Bronze prize for its interior design.
Through the Group’s brochure, which now has been recognized globally, we look forward to delivering Hanwha’s trusted image to investors and customers in Korea as well as in the world.