Hanwha Corporation to Build Logistics Automation Facility for Nexen Tire's Czech Factory

  • Automation system to be implemented for $79.26 million to improve productivity
    and efficiency

[April 04, 2017] Hanwha Corporation recently closed a deal on a $79.26 million project to build a logistics automation system and facility for Nexen Tire in the Czech Republic.

A major Nexen Tire Czech plant is being built in Zatec, 70km northwest of Prague, the capital of the Czech Republic. The plant will serve as Nexen's tire production base in Europe as the location lends itself to easy access to key markets in Europe including the UK, France, and Germany.

Hanwha Corporation will provide an end-to-end engineering service for the plant that will deliver an automated logistics system for the entire manufacturing process including detailed design, process flow, and construction of the facilities. The facilities to be built will include an automated warehouse system, unmanned autonomous transport vehicles, ceiling conveyors, robot automation equipment, and roller conveyors. By automating the entire logistics process of the tire plant, the productivity and efficiency is expected to dramatically increase.

In 2011, Hanwha forged its first business relationship with Nexen Tire after completing a similar logistics automation system for all manufacturing processes at Nexen Tire's Changnyeong factory. Back then, Hanwha Corporation has been able to leverage its technology and expertise in logistics automation to provide comprehensive facilities construction services that included not only design and construction but also post-construction management. Hanwha and Nexen are looking to repeat their success.

"We will build our most efficient logistics system with the highest efficiency by modeling it after the successful logistics automation project at Nexen Tire's Changnyeong plant. We'll also apply our deep and diverse experiences in both local and international constructions," said Yeon-chul Kim, CEO of Hanwha Corporation. "Our top priority is to build a smart factory that can maximize productivity through the application of advanced equipment manufacturing capabilities and automated unmanned facilities technology."

Hanwha Corporation

Hanwha Corporation, the parent company of the Hanwha Group, is a global manufacturing company that has directly contributed to the growth of South Korea's economy. There are 3 divisions under the Hanwha Corporation: Global, Defense, and Machinery. Hanwha Corporation was founded in 1952 as Korea Explosives Company, quickly becoming the leader in the explosives industry of South Korea. It has since grown into a global manufacturing company operating in three business areas—explosives and chemical, defense, and machinery.

In 1959, Hanwha was the first domestic manufacturer of dynamite in South Korea. After having successfully developed safer, high-quality industrial explosives and fire process products, we have been able to supply the South Korean government with the crucial means to rebuild its cities and infrastructure.

For more information, visit: www.hanwhacorp.co.kr/eng

Hanwha Group

Hanwha Group, founded in 1952, is one of the Top-Ten business enterprises in South Korea and a “FORTUNE Global 500” company. Hanwha Group has more than 85 domestic affiliates and over 380 global networks in three major sectors: manufacturing and construction, finance, and services and leisure. With more than 65 years track record of industrial leadership, Hanwha’s manufacturing and construction businesses encompass a broad range of fields from chemicals & materials, aerospace & mechatronics, total solar energy solutions, and global construction. The finance network, covering insurance, asset management and securities, is the second largest non-bank financial group in South Korea. The services and leisure sector offers premium lifestyle services with retail and resort businesses.

For more information, visit: www.hanwha.com

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