Hanwha General Chemical Co. was founded in 1974, and acquired by Hanwha Group in 2015. As the first company in Korea to domestically manufacture PTA (Purified Terephthalic Acid), the main material of polyester, Hanwha General Chemical has contributed itself to localize the raw materials for textile fiber production. It operates plants in Ulsan and Daesan with an full capacity of two million tons, the largest
in Korea, and the company's strong manufacturing competitiveness has made it a leader in both the domestic and international PTA markets. Hanwha General Chemical expanded into China, the world's largest PTA market, in 2007, further expanding its market power. The company's technological prowess was further proven in February, 2010, when Hanwha General Chemical became the first company
in Korea to export PTA production technology to the Middle East. In 2013 the Hanwha General Chemical launched production of formic acid, used for leather and textile fiber processing, and founded Hanwha SGL Carbon Composite Materials as a 50:50 joint venture with an overseas partner to further expand into the light-weight carbon material business.
Hanwha General Chemical maintains a systematic value chain between the intermediate chemical business of Hanwha General Chemical and the base chemical and energy businesses
of Hanwha Total Petrochemical, and is rapidly building the foundations of a leading global general chemical company with strong future competitiveness by utilizing its 40-plus years of accumulated technology and expertise in the industry.
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Our businesses now span the manufacturing, construction, finance, services and leisure industries.
Through the integration of our growing number of affiliate enterprises worldwide, we are harnessing the power of sustainable, quality growth to continually increase the value we bring to our customers.
- Hanwha Chemical Hanwha Chemical was the first company in Korea to produce PVC, LDPE, linear low-density polyethylene, and chlor-alkali. Since our establishment in 1965, we have been manufacturing basic petrochemical products that have served as the foundation of different industries.
- Hanwha Total Petrochemical Hanwha Total Petrochemical , founded in 1988, has played a leading role in the development of the Korean petrochemical industry through continuous technological innovation and global market expansion. In 2003, Hanwha Total Petrochemical established the foundations for growth into a global energy and chemical company by forming a joint venture with Total Group, a French global energy and chemical company. It was newly integrated as an affiliate of Hanwha Group in 2015 and plays a pivotal role as Korea's largest chemical company.
- Yeochun NCC Yeochun NCC operates the world’s leading naphtha cracking facility in the Yeosu National Industrial Complex on the southern tip of the Korean Peninsula. Established in 1999 from the merger of naphtha cracking facilities owned by Hanwha and Daelim, this highly competitive 50:50 joint venture annually produces 1.91 million tons of ethylene, 970,000 tons of propylene, and 2.32 million tons of various petrochemical feedstocks, including benzene, toluene, xylene, styrene monomer, and butadiene.