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Hanwha General Chemical

Hanwha General Chemical

Hanwha General Chemical was established in 1974 and then acquired by Hanwha Group in 2015. It was 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, our annual PTA production of two million tons, makes us No. 1 in both production capacity and market share in South Korea. Our experience and technology are also recognized worldwide. We have leveraged many years of our expertise and applied our PTA processing technology, proven since 2010 in the Middle East. And since joining Hanwha Group, we have enhanced our cost competitiveness by creating synergies with chemical affiliates and diversifying our markets through innovative management and sales practices.

In June 2017, we established Hanwha Solar Power to advance mid- to long-term growth beyond the single PTA business. Established as a growth engine for our PV business, Hanwha Solar Power also contributes to South Korea’s efforts to develop renewable energy. We’re seeking to improve our PTA-related technologies and develop related businesses in the value chain we have grown over the last 40 years. And to be globally competitive, we’re making strategic investments and operating PV businesses not just at home but also 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.

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