Hanwha Worldwide News: May-2018
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- Hanwha Q CELLS GmbH Hanwha Q CELLS Powers Iconic Øresund Bridge and Tunnel
A custom solar system featuring high quality Hanwha Q CELLS solar modules came online in June of 2018 to provide electricity to the world-famous Øresund Bridge and Tunnel that connects Denmark and Sweden. The 864 Q.PEAK BLK-G4.1 solar modules installed on this iconic structure can provide up to 255 kW of electricity per year, the equivalent of powering 45 urban households with clean energy.
SolarFuture and Solarpark DK, which jointly ran the solar system installation project, chose to use Hanwha Q CELLS’ solar modules because of the superior performance, high reliability, design aesthetics, and warranty terms.
“The climate conditions on the bridge were an important consideration,” says Mads Christensen, CEO at SolarFuture, adding, “Modules from Hanwha Q CELLS are designed to withstand even the harshest weather conditions.”
The installation of the solar system came as a result of Øresundbro Konsortiet, the consortium managing the Øresund Bridge and Tunnel, looking at ways to increase revenue. With the use of solar energy, the bridge's overall electricity costs will be significant reduced.
“Our focus has always been to repay the bridge’s loans within 30 years after its opening, with most of our revenue being derived from road traffic,” says Bengt Hergard, Property Director at Øresundbro Konsortiet. He also stated that “we are also considering other ways to generate more revenue, thus using clean solar energy to reduce our energy bill was the next logical step for us.”
- Hanwha Total Petrochemical Daesan Plant to Get Even Smarter
As part of its ongoing smart plant initiative, Hanwha Total Petrochemical entered into a Memorandum of Understanding (MOU) with LG Uplus to form a business alliance to develop and roll out IoT projects that can be implemented at Hanwha Total Petrochemical's Daesan Plant by 2019.
Yoon Young In, Hanwha Total Petrochemical Daesan Complex General Manager, and Jun-Il Gong, Senior Managing Director at LG Uplus Corp., signed the MOU at a signing ceremony in Daesan.
In 2017, Hanwha Total Petrochemical became the first Korean petrochemical company to implement a P-LTE network at its Daesan Plant. This network became the basis for the company’s efforts to create Korea’s first smart plant.
The P-LTE network at the Daesan Plant is currently being used for workers’ explosion-proof smartphones, wireless CCTV, and drone-based facility checks. Hanwha Total Petrochemical is currently working to increase the network’s range and efficiency through its MOU with LG Uplus.
- Hanwha Advanced Materials
Mexico S. De R.L. De C.V. Hanwha Advanced Materials Mexico Cheers on El Tri and the Red Devils
There was much excitement at Hanwha Advanced Materials Mexico (HAMX) at the recently concluded 2018 FIFA World Cup in Russia. On June 27, two big screens were installed at the HAMX plant for all employees to catch the match between El Tri (the Mexican team’s popular moniker) and Sweden in the final Group F match.
There was a party atmosphere as employees got warmed up with a foosball tournament, but the mood soon turned to despair and confusion when Sweden won the match 3-0. Unsure of which teams in Group F would advance to the next stage, everyone at HAMX soon turned to the other Group F match played that day and cheered on for South Korea as it played Germany in a dramatic showdown.
There was much rejoicing as HAMX, and the entire country of Mexico, soon realized that South Korea’s shocking 2-0 win over Germany allowed El Tri to advance to the Round of 16.
- Saipan World Resort A Little Penguin Welcomes Little Guests to Hanwha Saipan World Resort
The cute and cheerful characters of Pororo the Little Penguin, a popular Korean children's television show, danced through the lobby of Hanwha Saipan World Resort to celebrate the opening of Pororo Kids Park, an indoor play area, on July 21. Young children cheered in delight as they got the chance to meet and play with their favorite characters. Pororo Kids Park is the latest fun addition to Hanwha Saipan World Resort, catering primarily to the majority of guests, which are families with young children. Hotel bookings are expected to go up as a result. The park's opening is also a part of a broader trend within the Saipan hotel industry to develop attractions that appeal to younger guests. The new attraction isn't just for kids as parents can also join their children in the play area, and revisit the fun and laughter of their own childhoods. “Everyone here at Hanwha Saipan World Resort worked hard to make sure our newest attraction meets our guests’ expectations,” said the manager of Pororo Kids Park. “We want our little guests to come, have fun, and take part in all the entertainment programs we have to offer.”
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- Hanwha Q CELLS USA Hanwha Q CELLS USA Approaches Completion of Wheats Project in San Joaquin, California
Hanwha Q CELLS USA is on track to complete work on the Wheats Project in San Joaquin, California by mid-September of 2018. Once online, the solar farm will provide up to 25 MWdc of solar energy. The facility, to which Hanwha Q CELLS USA provided EPC services, also features a new substation with a 70 kV gen-tie line.
The Wheats Project is one of several renewable energy projects being undertaken in the San Joaquin area. Residents’ wholehearted embrace of clean energy sources to combat climate change is a testament to San Joaquin’s motto of: “Everything is Possible”.
This project is particularly notable as most of the labor force employed live in and around the San Joaquin area, providing a welcome boost to the local economy.
Hanwha Q CELLS USA is excited for yet another successful project, and will be looking forward to seeing more successes and achievements throughout the rest of 2018.
- Hanwha Azdel Hanwha Azdel Shows Appreciation for Employees with Summer BBQ Party
It has been an incredibly hot summer, but Hanwha Azdel made the heat easier to bear by throwing a barbeque party for its employees recently. Everyone got to tuck into delicious smoky meats before washing it all down with ice cream for dessert.
The party was a great way for Hanwha Azdel to show its appreciation for everyone’s hard work and dedication, especially towards those who work in the manufacturing plant in the intense heat.
- Hanwha Life Insurance Vietnam Ltd. Hanwha Life Vietnam Doubling Down with Capital Injection
Hanwha Life Vietnam recently received a new license from the Vietnamese Ministry of Finance, allowing the company to dramatically increase its chartered capital. With the injection, Hanwha Life Vietnam’s available capital more than doubled from VND1.9 trillion (US$82 million) to VND4.9 trillion (US$211 million), propelling it into the top 3 of the Vietnamese insurance market.
This increase in capital demonstrates Hanwha Life Vietnam’s long-term commitment to Vietnam. By establishing a stronger financial base in the country, Hanwha Life Vietnam can now increase its local investments and boost its development services.
“Strong financial resources are vital in order for a life insurance company to help its customers,” says Back Jong Kook, CEO of Hanwha Life Vietnam. He added, “The increase in our capital allows us to provide better assistance to our customers and address their needs.”
Hanwha Life Vietnam has shown impressive growth over the past five years. From 2014 to 2017, premiums grew by 41% while revenues grew by 54%. Both were significantly higher than the averages for the Vietnamese life insurance market (which grew by 33% and 30%, respectively).
With the sustained growth and significant capital injection, Hanwha Life Vietnam aims to act as a regional hub from which Hanwha Group as a whole can invest and develop in Southeast Asia.