Hanwha Worldwide News: February-2018
Worldwide News
Please click the flags to see Hanwha's news updates around the globe
China 레이어 닫기
- Hanwha Total Petrochemical Trading (Shanghai) Hanwha Total Petrochemical Trading(Shanghai) Hosts 2017 Strategy Conference
Hanwha Total Petrochemical Trading (Shanghai) hosted Hanwha Total Petrochemical China’s annual strategy conference on December 16, 2017. Representatives from Hong Kong, Shenzhen, Shanghai, and Beijing were all in attendance. This conference was an opportunity for the affiliates to review their performance in 2017 and to plan for 2018. It was also a chance for each office to present their views on the petrochemical industry as well as to encourage team-building between various departments. Jin-Soo Park, Hanwha Total Petrochemical’s Managing Director and Head of China Trade Corporation, was on hand to congratulate the conference attendees for achieving their 2017 performance goals and encourage them to work even harder in 2018.
Director Park also presented a certificate to Hanwha Total Petrochemicals’ best performing employee in China, recognizing the recipient’s hard work and encouraged others to do well.
Czech Republic 레이어 닫기
- Hanwha Advanced Materials Europe, s.r.o. President Seung Heon Lee of Hanwha Advanced Materials Europe s.r.o. Shares 2018 Plans
In January, President Seung Heon Lee made a visit to Hanwha Avanced Materials Europe s.r.o. and met with everyone on every shift. In his New Year’s speech to all the employees, he shared the company's plans for the year. And when he wished them the best for the new year in the Czech language, the employees erupted in applause. At the same time, he introduced a beautiful slogan that we all should consider and then improve upon: "Be Cooperative, Speedy, Responsible, Professional, Motivated. Remember C.S.R.P.M.”
Korea 레이어 닫기
- Hanwha Advanced Materials Opens Third Chinese Plant, Making Further Inroads into Chinese Automotive Market
With the opening of its third Chinese plant, Hanwha Advanced Materials (CEO Sun Suk Lee) is promising to make further inroads into the Chinese automotive market.
The latest plant, located in the city of Chongqing, began supplying light-weight automobile parts to Hyundai Motor Company earlier this year. The 8,620 square-meter plant completed construction in August of 2017 and began full productions after four months of testing.
The 45,000 square-meter plant mainly produces automotive bumper beams, undercovers, stiffeners, and EPP (Expanded Polyprolylene) parts. The plant supply up 400,000 components per year. Major clients include Hyundai Motor, Ford, and top Chinese firms including Changan Automobile and Geely Automobile.
“The Chongqing plant, together with the Beijing and Shanghai plants, represent a strategic foothold in the Chinese automotive market,” said Hanwha Advanced Materials. “As stressed by Chairman Seung Young Kim, we are ensuring our future global competitiveness by expanding into new applications, diversifying our molding business, and actively responding to customer needs for parts standardization and purchasing requirements.”
Hanwha Advanced Materials previously constructed a manufacturing plant in Beijing in 2004, followed by a plant in Shanghai in 2006 to gain access to China, the world’s largest automobile market. The three Chinese plants manufacture and supply various light-weight parts to both global and local Chinese automakers.
With the expected growth of the Chinese electric vehicle market, Hanwha Advanced Materials is actively pursuing opportunities to supply battery cases to global partners such as GM and BMW. Hanwha Group Chairman Seung Young Kim visited Hanwha Advanced Materials’ Beijing plant last month to encourage executives and employees saying: “Everyone at Hanwha Advanced Materials China must work tirelessly for the world-class Hanwha Group.” - Hanwha Total Petrochemical Completes Construction of the Big Tower at Daesan Petrochemical Complex
On January 16, Hanwha Total Petrochemical successfully completed the construction of the Big Tower within its Daesan Petrochemical Complex in South Korea. Measuring 99 meters or 30 stories in height, the Big Tower is an NCC side cracker that will refine propylene.
Before building this massive structure, Hanwha Total Petrochemical had to first use one of only two 2,300-ton cranes in the world. The company also had to conduct thorough ground surveys and install special reinforcements to ensure the site could support the building’s weight. As an added precaution, outside experts were brought in and computer simulations were used. Once operational, this NCC side cracker will be able to produce up to 1.4 million tons of ethylene and 1.06 million tons of propylene. - Hanwha Q CELLS Presents New Pro Golf Team
In a press conference at THE PLAZA in Seoul, Hanwha Q CELLS announced that it has taken over sponsorship of Hanwha Group's female professional golf team and presented the team's lineup for 2018. Now known as Team Hanwha Q CELLS, the team is made of nine professional golfers from Asia and USA who have a combined total of 22 international tournament victories.
As the world's leading solar cell and module manufacturer, Hanwha Q CELLS sees this sponsorship as an opportunity to further promote the company's products and services in regions where the team will compete on the world ladies golf tour, including Korea, Japan, Europe, and the US.
"Hanwha Q CELLS considers sports as a marketing platform for strengthening our market position," said Seong-woo Nam, CEO of Hanwha Q CELLS, adding: "We will actively practice sports marketing, targeting main markets of our business.
United States of America 레이어 닫기
- Hanwha Q CELLS USA Hanwha Q CELLS USA Participates in the Midway Solar Project
Hanwha Q CELLS USA participated in a groundbreaking ceremony alongside 174 Power Global (174PG) for the Midway Solar Project. The Midway Solar facility occupies about 1500 acres of land and is planned to be fully operational in late 2018. 174PG announced that it has begun construction on the 236MW project in Pecos County, Texas. 174PG will build, own, and operate the power plant for 25 years and sell 100% of the electricity output generated by the facility to Austin Energy, a leading Texas renewable energy purchaser.
More than 680,000 modules for the project will be provided by Hanwha Q CELLS while engineering, procurement, and construction will be performed by Hanwha Q CELLS USA. Once completed, the power plant will generate enough clean, renewable electricity to power more than 50,000 homes annually. Midway Solar will be the largest installed PV project in Texas to date.
Vietnam 레이어 닫기
- Hanwha Life Vietnam Hanwha Life Vietnam Among Vietnam’s Top 10 Sustainable Businesses
On December 6, Hanwha Life Vietnam was named among 2017’s Top 10 Sustainable Businesses in Vietnam by the Vietnam Chamber of Commerce and Industry (VCCI).
This achievement is a testament to our commitment to sustainable development in Vietnam, not only through business practices but also through community-improvement initiatives.
The sustainability review and business rating report is a prestigious annual initiative commissioned by VCCI and the Vietnam Business Council for Sustainable Development (VBCSD). The report along with award events give recognition to the 100 businesses with the best track record of sustainable development practices.
To make it to the list of top 10 sustainable businesses in Vietnam, Hanwha Life Vietnam had to go through a series of tough and rigorous assessments. The company was measured against the corporate sustainability index (CSI), designed to evaluate businesses in terms of three key criteria—economic, social, and environmental influence.
In a span of 8 years, Hanwha Life Vietnam has quickly established itself as one of the industry’s fastest growing businesses in Vietnam. And in just the last five, new policy revenue growth grew at a record 41 percent, 10 percent higher than the industry average.
Second-year policy retention consistently remains over 70 percent. Hanwha Life Vietnam has completed installing 100 customer service outlets in mid-August of 2017, four months ahead of plan.
By mid-October, the company reached another milestone by surpassing its target revenue of VND500 billion ($22.01 million) by VND150 billion ($6.6 million) higher than the same period in 2016. In the first nine months of this year alone, the company recruited 19,000 new financial consultants. Hanwha Life Vietnam has been investing heavily in systems, technology, and applications to upgrade its service quality. One such investment has been Hanwha Life’s improved call center that has helped make the life insurance provider become identified as the company that offers the best customer care.
The company has also diversified its product lines, unveiling the new “Hanwha Life - Health is Gold,” a full-coverage health insurance and product with coverage anywhere in the world.
Hanwha Life Vietnam has not only been contributing to the local economy but the company has also been a close companion to the people of Vietnam through its charitable contributions and active involvement in community activities. On November 28, in co-operation with Child Fund from Korea and Child Fund Vietnam, the company donated over VND2 billion ($88,000) to the health center of Lang Ngam commune, Ngan Son district, Bac Kan province. This is the third health center to receive a Hanwha Life Vietnam gift dedicated to northern mountainous provinces. The company previously presented similar gifts to two other communal health centers in Hoa Binh province.
And in 2017, in co-operation with the Ho Chi Minh City Association for Protection of Impoverished Patients, Hanwha Life Vietnam gave away more than 9,500 health insurance cards worth nearly VND2 billion ($88,000) in total.
Between 2014 - 2016, in just three years, underprivileged people across 14 provinces and cities all over the country received more than 27,260 health insurance cards worth an estimated VND6.3 billion ($277,423) from the firm.
Hanwha Life is involved in various projects building “homes of love,” schools, and health centers, providing nearly VND22 billion ($968,779) in sponsorship funds. “I hope that Hanwha Life Vietnam's efforts will improve the daily lives of the Vietnamese people. looking ahead, we will continue to work on many more projects that benefit local communities as a way of saying we are here to stay with the people in Vietnam,” said Back Jong Kook, chairman cum CEO of Hanwha Life Vietnam. - Hanwha Life Vietnam Hanwha Life Vietnam Donates Medical Centre to Bac Kan Province
Hanwha Life Vietnam in partnership with Child Fund (Korea) and Child Fund Vietnam on November 28 built a new medical center that was built at a cost of US$100,000 (approximately VND 2 billion) to Lang Ngam Commune in Bac Kan Province’s Ngan Son District. The purpose of the donation was to improve healthcare and living standards in the remote area. This is the third such medical center that Hanwha has built in the northern mountains, where residents were finding it difficult to access healthcare services. The other two are in the Hoa Binh Province: the Bac Phong Commune built in 2015 and the Kim Truy Commune of the Kim Boi District built in 2016.
Representatives of Hanwha in Korea, Hanwha Life Vietnam and the local government and community representatives attended the inauguration. As a life insurance provider, Hanwha Life values the importance of providing public health care and building facilities to meet the needs of people. Together with Child Fund, the company is committed to improving the quality of life and creating lasting values for the people of Bac Kan.
In the future, Hanwha will be involved in many community-based activities across other localities as part of the company’s long-term commitment to friendship with the people and the country of Vietnam. In the past 8+ years of operations in Vietnam, Hanwha has sponsored many community projects as part of its mission to contribute to the community and its people of Vietnam. Hanwha Life Vietnam’s plan is to make their future part of our dreams come true.
Between 2014 and 2016 Hanwha gifted health insurance cards to more than 27,260 poverty-stricken people in 14 provinces and cities around the country, helping ease the burden of medical expenses and giving them access to better health care.
This year Hanwha has continued to collaborate with the HCM City Sponsoring Association for Impoverished Patients, donating more than 9,500 health insurance cards worth nearly VND2 billion to poor people in HCM City, Thanh Hoa, Nghe An, Ha Tinh, Dac Nong, Kon Tum, Quang Tri, and Ca Mau. Education and development of future generations are also among the missions of Hanwha Life Vietnam. The company financed a new primary school in Xom Ong village, Nam Phong Commune, Cao Phong District (2013), and Daycare Center A in Cuoi Ha Commune, Kim Boi District (2014), both in Hoa Binh Province.
Besides making great contributions to healthcare and improving education, Hanwha works with the Korean Cultural Exchange Organization to make the dream of a decent home come true for many low-income households. Hanwha Life gifted 133 houses to the Vietnam-Korea Friendship Village in 2013-14 and 30 Houses of Love in the provinces of Khanh Hoa, Nghe An, Ca Mau, Ben Tre, Da Nang, Thanh Hoa, and Dac Lac in 2015-16. The homes cost an estimated VNĐ22 billion to build. In recognition of the company’s contributions to the community, in December 2015, Hanwha Life Vietnam was given the Social Responsibility award by the Vietnamese Ministry of Planning, the Korean consulate & Investment, and the Korean Ministry of Commerce, Industry & Energy.