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Hanwha General Chemical
Hanwha General Chemical was established in 1974 and then acquired by the Hanwha Group in 2015. We were the first company in South Korea to localize production of purified terephthalic acid (PTA) a primary component in many types of polyester. PTA is used in clothing, industrial fibers, film, and paint. The applications for PTA are expanding dramatically.
Today, we have an annual capacity of two million tons, helping us to be No. 1 in both production capacity and market share in South Korea. Our experience and technology have also been recognized worldwide. We leveraged our many years of expertise and our PTA processing technology in the Middle East back in 2010. Since joining the Hanwha Group, we have enhanced our cost competitiveness by creating synergies with chemical affiliates and diversifying our markets through management and sales innovation.
In June 2017, we established Hanwha Solar Power to advance mid-to long-term growth beyond the single PTA business. We plan to improve our PTA-related technologies and develop related businesses in the value chain that we have grown over the last 40 years. We will also secure greater competitiveness through strategic investment and operation of PV businesses at home and abroad.
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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.
- Hanwha Chemical Established in 1965, Hanwha Chemical is a comprehensive chemical company with streamlined production systems for polyethylene (PE), polyvinyl chloride (PVC), and chlor-alkali (CA). As South Korea's leading petrochemical company, we are highly influential in the nation's chemical industry, producing high-quality PVC, CA, and low-density polyethylene (LDPE) at competitive prices.
- Hanwha Total Petrochemical Since its founding in 1988, Hanwha Total Petrochemical has tirelessly led South Korea's petrochemical industry with technology innovations and global expansion. In a 2003 joint venture with the Total Group, a major French energy and chemical company, we formed a global energy and chemical company, a strong platform for growth. After becoming a Hanwha affiliate in 2015, we achieved a record-breaking business performance.
- Yeochun NCC YEOCHUN NCC operates the world's leading naphtha-cracking facility in the Yeosu National Industrial Complex, located on the southern tip of the Korean Peninsula. Established in 1999 from the merger of naphtha-cracking facilities owned by Hanwha and Daelim, their fifty-fifty joint venture annually produces 1.95 million tons of ethylene, 1.11 million tons of propylene, and 5.31 million tons of various petrochemical feedstocks, including benzene, toluene, xylene, styrene monomer, and butadiene.