Headlines for May 2017
1. [Hanwha Engineering & Construction, Galleria] Develops a convention town in Gwanggyo, Korea
The Group announced the beginning of a large multi-complex development project that will be built on 81,000 square meters of land in Gwanggyo, Suwon, Kyunggi province. The project will include a Galleria department store, an aquarium and a hotel with 270 rooms, 47- story residential buildings, and a convention center that can hold an international conference. To promote this project, they have opened a model home for GwanggyoDream & Green apartments on April 14th and have started selling the units.
The Gwanggyo Convention Dream & Green is going to be built in front of the Gwanggyo lake park, which is a popular attraction in the area. Since a Galleria department store, a hotel, and a convention center are going to be built around this residential apartment, many investors and buyers are interested in this project.
The complex will have a total of 759 residential units that are 84~175 square meters in size throughout three 47-story buildings with five underground levels. Each unit will have a view of the lake park and easy access to public transportation, schools, and surrounding conveniences. And it will be the highest-quality residential complex in Gwanggyo.
Meanwhile, Hanwha Galleria is planning to create a new landmark in Gyeonggi province by developing a department store with 73,000 square meters of store space on a total of 150,000 square meters of building space in Gwanggyo Convention Multi-Complex area. They are committed to this project from a design stage.
Galleria Gwanggyo, a tentative name, is getting a lot of attention because it is designed by a world-renowned architect Rem Koolhaas. The Galleria will introduce many family-friendly elements customized to local customers and will host major, global brands as they utilize their premium brand department store image, which is their strength, along with their know-how in selecting premium trends.
We hope that the Gwanggyo Convention Multi-Complex becomes a warm place where it connects city and culture, nature and people.
2. [Hanwha General Insurance] Held an annual grand prize award ceremony
Hanwha General Insurance held an annual grand prize award ceremony to congratulate those FPs who have achieved the highest honor with their distinguished challenging spirit and passion last year. Let’s meet the person who became the ‘king of insurance’.
On April 13th, Hanwha General Insurance held the 2016 Annual Grand Prize Award Ceremony at the Yeosu Expo Convention Center in Jeonnam province. A total of 480 award recipients, employees, and Park Yun-sik, CEO of Hanwha General Insurance attended the ceremony. At the ceremony, Ham Seong-dae, a FP from Cheongju branch of Chungcheong area, became the ‘king of insurance’ and 213 FPs and representatives received prizes in each category.
CEO Park said in his welcoming remarks that he thanks all who ran relentlessly last year with passion as they deliver the value of offering complete insurance coverage to the entire family of our customers.
We hope to see Hanwha General Insurance achieve sustainable competitiveness as they secure the highest level of productivity in the industry which is based on a sincere consulting sales method.
3. [Hanwha Corporation/Machinery] Won a contract to build a logistics automation facility for Nexen Tire in the Czech Republic
Hanwha Corporation Machinery Division has established trust with Nexen Tire since building an automated distribution system for the Nexen Tire factory in Changnyung in 2011. Because of this, Hanwha Corporation Machinery Division won a contract worth approximately 90 billion won from Nexen Tire to build another automated distribution system for a factory in the Czech Republic.
Nexen Tire’s factory is going to be built in the Zatec area, located 70km northwest of Prague, the capital of the Czech Republic. This factory is going to serve as a manufacturing base for Europe.
Hanwha Corporation Machinery Division is going to install the automated distribution system for the entire manufacturing process of the factory. Hanwha plans to offer EPC engineering services by performing design, procurement, and installation at the same time. They are going to automate the entire process of tire distribution, including an automobile storage system, an unmanned transporting vehicle, a ceiling transporting vehicle, a robot automation system, and a conveyer. They expect it to contribute to improvements in productivity and efficiency.
Hanwha Corporation Machinery Division plans to maximize its productivity by building a smart factory with an improved equipment production ability and unmanned automated equipment technology in the future.
4. [Hanwha Techwin] Enters the collaborative robot market
On March 30th, Hanwha Techwin held a launch show for a collaborative robot, HCR-5, at the Automation World 2017 Expo at Coex in Seoul. They also announced the official launch of a collaborative robot business, the first among Korean companies.
About 150 people from the government, university robotics departments, and other cooperative partners attended the launch show and showed their interest in the collaborative robot.
Particularly, Shin Hyun-woo, CEO of Hanwha Techwin Aerospace & Defense Business Group, gave a presentation in person and expressed the company’s interest in the robot business. CEO Shin said that he expects to see Korea’s robotic industry grow with the launch of Hanwha Techwin’s collaborative robot. He also said that the company will continue to invest in the robotic business and expand it to global markets in Asia and Europe.
A collaborative robot works closely with humans and assists workers. The robot is often used to automate processes with high risks of jamming or fire accidents during metal fabrication and plastic molding, and boring or repetitive jobs such as screwing tasks.
Unlike an industrial robot which requires a large and separate floor space apart from human workers, a collaborative robot can work in close proximity to workers so it requires only a small space and is safe and simple to use.
The HCR-5 in particular requires a low initial investment, which is nearly half that of competitors’ products. It is convenient, safe, and has outstanding workability and an easy operation system so that anyone can use it. Its design was recognized with an ‘iF Design Award,’ one of the world’s top three design awards, in the product category this year.
We hope that Hanwha Techwin’s collaborative robots keep on rolling in a market that is recently getting a lot of attention as the 4th industrial revolution unfolds and rapid growth is expected, and we hope the robots greatly contribute to Korea’s manufacturing and robotic industry.
5. [Hanwha Chemical] Established a new technology research center with Seoul National University
Hanwha Chemical is strengthening academic-industrial cooperation in order to improve research and development competitiveness. Last year, the company established the Future Technology Research Center with KAIST. They are currently conducting research to develop original technologies for the future. This year, Hanwha Chemical started to strengthen its R&D competitiveness in developing specialized products and fostering outstanding talents by establishing the New Technology Research Center with Seoul National University.
The New Technology Research Center is going to run for five years, from this May to 2022. Professor Jang Jyong-sik, an expert in chemical materials in Korea, and a few other people are going to participate in the program. They are going to develop specialized products and catalysts that Hanwha Chemical is currently focusing on as well as a manufacturing process simulation for polyolefin-category products.
Ownership of the technology patents developed through this center will be shared 50:50 between Hanwha Chemical and SNU. And Hanwha Chemical is going to pay royalties to SNU when the technology is commercialized. In addition, the company is going to give academic-industrial scholarships to students who participate in this project.
Hanwha Chemical expects the establishment of this R&D center, along with academic-industrial cooperation, will increase their competitiveness in Korea’s petrochemical industry, and the company hopes that this offers a new model of academic-industrial cooperation.