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Hanwha Corporation

Hanwha Corporation

Hanwha Corporation, the parent company of the Hanwha Group, is a global manufacturing and trading company that has directly contributed to the growth of South Korea’s economy. There are 3 divisions under the Hanwha Corporation: Explosives and Defense, Trade, and Machinery.

Hanwha Corporation was founded in 1952 as Korea Explosives company, quickly becoming the leader in explosives and, in effect, creating the industry itself in South Korea. The company has since grown into a global manufacturing and trading company operating in fourthree business areas—explosives, defense, trading, and machinery.

In 1959, Hanwha had become 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.

We entered the defense industry in 1974 and our Explosives & Defense Division quickly became instrumental in the development of South Korea’s military defense. We provided the South Korean military precision-guided munitions, advanced ammunition, navigation systems, lasers, and underwater surveillance equipment.

Since entering the mining services market in 2014, we’ve quickly established ourselves in Indonesia and Australia with high-quality products and services. Then in 2015, we acquired the Australian mining service company LDE and by pricing our high-quality products competitively, we were able to accelerate our market expansion. That same year, we completed our full vertical integration of nitric acid-ammonium nitrate-industrial explosives by acquiring granular ammonium nitrate production lines to produce electronic detonators. These detonator products enabled us to expand further into other major markets across the globe and continue our innovations and development of high-value-added technologies. Through large mergers and acquisitions, we further increased our business footprint to include self-propelled guns and engines for aircraft and fleets, effectively entering the aerospace business. We then heavily invested in defense electronics such as radar and combat systems. By 2020, we became very competitive as a manufacturer of seeker, navigation systems and lasers – the core technologies of the future weapon system. These are our new growth engines.

Today, Hanwha’s Explosives & Defense Division continues to apply its extensive experience and explosives technology to expand into raw explosives materials, explosives manufacturing, and explosives applications.

Our work to bring the level of the South Korean defense industry to the Fourth Industrial Revolution era has been recognized by the South Korean government. For our work in the forming the Korean 3-axis system by combining the Korea Air and Missile Defense (KAMD), Kill Chain and Korea Massive Punishment and Retaliation (KMPR), the South Korean government regard us as not only reliable but also as a “trusted global partner in providing innovative defense solutions.” Not to stay satisfied by achievements, we continue to develop our core business competencies and strengthen our internal capabilities.

Our Trade Division is an international trading company that has played a leading role in globalizing Hanwha Group after it was founded in 1966. We have built a global network of more than 21 overseas corporations and offices. Our network allows us to work in synergy in world markets for the Hanwha Group. We’re deepening our network within the countries we operate and in them, setting the groundwork to generate stable profits from businesses in petrochemicals, steel, machinery, and merchandising. We’re intent on discovering and fostering new business models, including machinery exports, food resources wholesaler, and energy projects.

We’re set to lead company globally and confident we can because along with the advanced operating systems, we have the people and talents to do so.

Established in 1953, our Machinery Division is today leveraging its deep experience and cutting-edge technology to lead the machinery equipment industry worldwide. We produce high- value-added machinery equipment with a focus on heat treatment, factory automation, and precision processing.

Our Machinery Division is leading the logistics automation industry using advanced factory and warehouse automation technology that we’ve been honing for the last 45 years. Our automation business is stronger than ever. We successfully completed the world’s first system to automate the entire process in tire production. We are also innovating and making great strides in production logistics by building Smart Factories that combine highly automated assets with Industry 4.0 technologies.

And with our technology and ability to build quality, we’ve been able successfully segued into producing high-quality solar cells and modules in our world-class manufacturing facilities. We’re already recognized in solar power equipment manufacturing in markets across the globe. With continuous R&D and innovations, our Machinery Division will not only be a global leader in machinery equipment but a total engineering solutions provider.

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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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