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Hanwha at a Glance
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Chemicals are the cornerstone of Hanwhas business. By taking on bold investments and challenges, Hanwha is fulfilling its global ambitions while also contributing to sustainable development and the future of communities around the world.
Hanwha built its chemical business through vertical integration and value-added products such as refined chemicals, basic chemicals, raw materials, synthetic raw materials, and advanced materials. Hanwha is particularly focused on R&D to increase the number of value-added products that the company can produce independently. Additionally, the company is growing as a leader in the global chemical industry through cross-affiliate synergy, value-added products, and cost competitiveness and is using its financial resources to establish production bases in major markets around the world.
Hanwha is committed to developing and using technology for sustainability. It is continuously reducing its greenhouse gas emissions and adopting more sustainable practices while also researching eco-friendly technologies for the “circular economy.” Hanwha has been particularly successful in reducing its carbon footprint by disclosing its carbon management data to global financial institutions and the public.Business Scope
- Annual ethylene production capacity: 3.82 million tons
- Annual purified terephthalic acid (PTA) production capacity: 2 million tons
- 70% global market share for lightweight composite materials for motor vehicles, including glass mat thermoplastics (GMT) and lightweight reinforced thermoplastics (LWRT) (globally #1)
- Supplying global automotive companies with lightweight composite materials for battery housings
- Energy (oil refining, jet & diesel fuel, gasoline, LPG)
- Basic Petrochemicals (Ethylene, propylene, SM butadiene, aromatics (BTX), naphtha)
- Synthetic resins and synthetic materials (PE, PP, EVA, PVC, PTA)
- Chlor-alkali products (Caustic soda, chlorine, EDC, VCM, ECH, TDI)
- Advanced lightweight composite materials and parts
- Electronic materials
- Solar materials
A leader in world-class energy solutions, Hanwha continues to develop breakthrough sustainable and eco-friendly energy innovations while remaining on top in major global solar energy markets. Hanwha is a renowned total energy solutions provider in solar cell and module production, energy storage, downstream projects, and energy retail.
Hanwha sets the standard in solar technology through its global network of four state-of-the-art R&D centers located in Germany, South Korea, China, and Malaysia. Managing a global production network spanning South Korea, China, and Malaysia, and the U.S., Hanwha has also established sales and marketing operations in more than 60 countries throughout Europe, Asia, and North America.
In addition to solar energy, Hanwha is investing in and spurring the expansion of other eco-friendly energy sources. Following its construction of one of the world’s largest by-product hydrogen-fuel-cell power plants, Hanwha continues to pursue hydrogen as a green energy source by innovating mass production through electrolysis and recycling byproduct hydrogen from Hanwha Total Petrochemical activities. In 2021, Hanwha expanded its global green energy capacity and diversified its renewable energy offering with the acquisition of RES France.
Through its technological leadership and strong global business network, Hanwha will continue to drive the expansion of the global green-energy market.Business Scope
- World-class solar module production capacity of 12.4 gigawatts (GW) per year
- Maintains No. 1 market share in the US residential and commercial solar markets
- Awarded Top Brand PV Europe Seal eight years in a row and Top Brand PV Australia Seal six years in a row by EuPD Research
- Awarded Top Performer recognition six years in a row by PVEL
- 102.5MW of Q CELLS solar modules have been installed and commissioned in Facebook data centers as Facebook’s first solar project in the state of Georgia, United States
- Operates the world’s first 50-megawatt (MW) by-product hydrogen-fuel-cell power plant, powered solely by hydrogen extracted as a byproduct of chemical refining
- First in South Korea to secure mixed hydrogen combustion technology, reducing carbon and nitrogen oxide emissions
- Solar cell and module manufacturing equipment
- PV cells and modules
- Energy storage systems
- Downstream energy solutions
- Distributed energy solutions
- Overseas project development (PV, ESS)
- Energy system solutions
- Energy retail
With its cutting-edge aircraft engine technology and industrial precision machinery solutions, Hanwha is targeting the global aerospace market by increasing its competitive capabilities. It is also investing in future aerospace growth engines such as air taxis and personal air vehicles. The company is also emerging as a world-class security solutions provider through its high-quality optics, manufacturing capabilities, and image-processing technologies.
In the aircraft engine industry, Hanwha participates in the development of new products and technologies as a key partner of major manufacturers such as GE, Pratt & Whitney, and Rolls-Royce. Hanwhas competitiveness in the industry was strengthened when it acquired EDAC, a US aircraft engine component manufacturer, in 2019 and renamed it Hanwha Aerospace USA.
Additionally, driven by long-term profitability, Hanwha is upgrading its production technology and facilities. Its Vietnamese aircraft engine manufacturing plant, which began mass production in 2018, will serve as a bridgehead in Hanwhas global expansion in the aerospace industry.
Hanwha has been contributing to the Korean space program since 2014 after the successful launch of Naro, Korea’s first carrier rocket. The company is producing rocket components for the Nuri rocket (KSLV-II), which launched in 2021 for the first time.
In 2021, Hanwha established Space Hub—a task force designed for research, development, and investments across a wide spectrum of business areas to secure a leadership position in the space industry. Also, Hanwha continues to grow future mobility business in the urban-air-mobility (UAM) market, reinforcing its efforts to develop an ecosystem within the industry.
In the precision machinery industry, Hanwha is supporting the innovation of industrial plants in the Fourth Industrial Revolution through automated logistics systems, collaborative robots, and smart factory solutions.Business Scope
- Assembled and delivered more than 9,000 aircraft engines over 40 years as of 2021
- Strategically invested KRW 30 billion/USD 25 million in Overair, a U.S. aeronautics company that develops electric aircraft, air taxis, and personal air vehicles
- USD 300 million investment in OneWeb, a leading global satellite broadband internet provider based in the U.K.
- Acquired the business and assets of Phasor Solutions, a U.K.-based satellite communication antenna developer, to step up its advance into the global business
- USD 30 million of equity investment in Kymeta to support growth in the global mobile satellite- cellular connectivity technology market
- Korea’s leading video-surveillance solutions provider
- Fast-growing player in the global-security industry with next-generation technologies such as deep learning and AI
- Aircraft engines and engine components
- Aerospace sensors and electronic systems
- UAM (Urban Air Mobility), and Satellite communication antennas
- Security cameras, surveillance system management, and video analysis solution
- Industrial equipment and machine tools
- Collaborative robots
- Industrial air and gas compressor
- Eco-friendly power generation and hydrogen solutions
Hanwha, one of Koreas leading non-banking financial companies with more than USD 116.7 billion in assets, offers a complete financial service platform including insurance, securities, asset management, and banking products.
A pioneer in fintech, insurtech, and digital asset management—with a significant presence in Asia—Hanwha pursues tailored digital business models by converging finance and technology with AI, big data, and blockchain. As part of its global digital progress, Hanwha launched Pinetree Securities, which offers digital investment opportunities, and plans to launch a fintech company in Vietnam.
All six of Hanwha’s financial institutions have made a commitment to coal-free finance. Since the beginning of 2021, the institutions no longer participate in project financing for the construction of coal power plants and will decline the acquisition of general or special purpose company bonds for such uses. Instead, they will continue to invest in eco-friendly assets such as renewable energy.
Finally, Hanwhas global start-up accelerator program serves as an innovation hub to nurture young entrepreneurs. Through partnerships and investments with a range of tech companies, Hanwha is quickly responding to digital transformation and helping to create the future of global finance while making a positive social impact.Business Scope
- Koreas 2nd largest non-banking financial solutions provider
- Hanwha Life (data as of 2020)
- Total assets: KRW 127 trillion/USD 117 billion (2nd largest in Korea)
- Premium income: KRW 14.7 trillion/USD 13.5 billion
- Launched Carrot, Koreas first digital non-life-insurance company, in collaboration with SK Telecom and Hyundai Motor Company in 2019
- Launched Pinetree Securities in Vietnam, which offers digital investment opportunities
- Led USD 31.2 million investment in Lightnet, a Bangkok-based fintech company offering global remittance service using blockchain technology
- Hanwha Asset Management
- Assets under management (AUM): KRW 104 trillion/USD 87.9 billion (3rd largest in Korea)
From community-building infrastructure projects to cutting-edge manufacturing facilities as well as affordable housing that brings families and communities together, Hanwha is helping to enrich the lives of people around the globe.
Based on its accumulated know-how, Hanwha is leaping forward as a comprehensive construction company with projects such as building Bismayah New City, the largest urban development in Iraqs modern history, which is expected to include 100,000 residential units.
Hanwha is a leader in metropolitan developments that combine culture, leisure, business, and commercial facilities. In early 2021, it completed the Gwanggyo Development Project in Suwon, South Korea. Including more than just residential facilities, the project is a comprehensive urban experience featuring department stores, hotels, aquariums, and multipurpose buildings.
The company continues to cement itself as a leader in eco-friendly construction through the development of building-integrated photovoltaic (BIPV) systems and zero-emission solar housing (ZESH) technology. Hanwha’s Seoul headquarters received the Council on Tall Buildings and Urban Habitat (CTBUH) Renovation Award in 2021 for its sustainable development. The building’s façade features 275 m2 of embedded Q.PEAK solar modules which produce clean solar energy to offset its dependence on more traditional sources of electricity.
Through its recognized capabilities, Hanwha will continue carrying out responsible business practices and contributing to social development in the global construction market.Business Scope
- Cumulative orders over KRW 11.9 trillion/USD 10 billion due to the construction of Bismayah New City
- Building power and chemical plants in the Middle East and North Africa
- Constructing Saudi Arabia’s Yanbu Phase 2 Expansion MED Seawater Desalination Plant, which will produce 15 million gallons of fresh water per day
- Constructed the Philippines Arena, the world’s largest domed performance hall, and an outstanding example of creative architectural design
- Recipient of the 2021 CTBUH Renovation Award for sustainable development
- Environmental and industrial plants
- Petrochemical, refinery, power plants
- Renewable energy plants
- Expressways, roads, bridges, tunnels, and ports construction
- Water and sewage facilities
- Business, commercial, and institutional facilities
- Leisure, medical, cultural, and sports facilities
- Stations and terminals
- Apartments and luxury condominiums
- Residential and commercial complexes
- Real estate development
As a trendsetter in the leisure and lifestyle sectors, Hanwha provides unique, premium services by focusing on a core set of high-end businesses.
Hanwha offers more than 5,500 condominium-like rooms across 12 properties. Hanwha also operates THE PLAZA, a boutique hotel in Seoul featuring sophisticated design and high-quality service. In 2020, the company expanded its hospitality holdings throughout Korea with resorts opened in Yeosu and Yangyang. Additionally, Hanwha leads the Korean leisure industry by operating five golf courses (108 holes in total), five eco-friendly aquariums, a water park, an arboretum, and a racecourse for horse racing.
Beyond Korea, Hanwha operates resorts and golf courses in Saipan and Nagasaki, Japan. Hanwha plans to develop premium resorts in locations across the world to showcase its luxurious and exquisite services.
In the shopping sector, Hanwha operates five luxury department stores in Korea, each housing the world’s leading luxury brands. In 2020, Hanwha created a new Korean landmark through the development of a retail and leisure complex in the city of Gwanggyo.
Looking to the future, Hanwha will continue introducing new premium services and distinctive lifestyle products to deliver improved customer satisfaction.Business Scope
- Hanwha offers more than 5,500 condominium-like rooms across 12 resorts
- Five luxury department stores across major Korean cities including Seoul
- Hanwha leads the Korean leisure industry by operating five golf courses, five eco-friendly aquariums, and much more