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Hanwha Chemical

We're in The Business of Building a More Prosperous Future

Established in 1965, Hanwha Chemical is a total solutions chemical company with streamlined production systems for polyethylene (PE), polyvinyl chloride (PVC), and chlor-alkali (CA). As South Korea’s leading petrochemical company, we dominate the nation’s chemical industry with high-quality PVC, CA, and linear low-density polyethylene (LLDPE) that we offer at competitive prices.

In 2012, we successfully commercialized high-density ethylene vinyl acetate (EVA) for the first time in South Korea. Just four years later, we localized the production of chlorinated polyvinyl chloride (CPVC), enhancing the quality of our PVC.

We obtained the New Technology Certification from the Korean Agency for Technology and Standards and, in 2017, we built a production line that could produce up to 30,000 tons of CPVC annually. We partnered with the Institute of Chemical Process at Seoul National University and the Korea Advanced Institute of Science and Technology (KAIST) to establish joint research centers. It was a significant step toward enhancing quality and accelerating the pace of innovation.

We continue to improve production efficiency and cost competitiveness while meeting the growing demand for our products around the world. Our PVC plant, completed in 2011 in Ningbo city in China’s Zhejiang Province, was built to produce up to 300,000 tons of PVC annually. Today, with continuous improvements in the production process, the plant is producing 350,000 tons of PVC each year. In Bang Phli, Thailand, we built an alkali soluble resin plant with an annual capacity of 17,000 tons. This facility serves as an important base of operations as we enter other markets in Southeast Asia.

Hanwha Chemical was the first South Korean petrochemical company to tap into new business opportunities in the Middle East. We signed joint venture contracts with International Polymers Company, a private petrochemical company in Saudi Arabia, and Gulf Advanced Cable Insulation Company in 2009. In 2015, we achieved cost reductions and economies of scale as our joint venture with International Polymers began to produce EVA and LDPE. With Gulf Advanced Cable Insulation, we are producing wire and cable compounds.

In 2016, we strategically acquired a company to maximize the synergy in production processing of CA and vinyl chloride monomer (VCM) while enhancing our production efficiencies with toluene diisocyanate (TDI), a raw material for polyurethane products.

In our upstream solar businesses, we’re continuing our investments in infrastructure and working to become a global leader. One of our facilities alone can annually produce up to 15,000 tons of polysilicon. Our facilities employ advanced technologies that produce environmentally-friendly products, such as ECO-DEHCH, an eco-friendly premium plasticizer. They represent our commitment to a better environment for a better tomorrow.

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Related Affiliates

Hanwha's businesses span chemicals & materials, aerospace & mechatronics, solar energy, finance,
leisure & lifestyle, and construction. 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.

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