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Hanwha Group

Since its foundation in 1952, Hanwha has played a pivotal role in Koreas economic growth. Starting with the commercial explosives business, which was essential for post-war national reconstruction, it established key industries through business diversification, strategic acquisitions, and continuous innovation in technology and services. As a FORTUNE Global 500 company, Hanwha is strengthening its competitiveness to realize its vision of becoming a world-renowned leader by 2020 in its major business areas: chemicals, advanced materials, mechatronics & aerospace, solar energy, and construction. Strategic acquisitions helped Hanwha become Koreas top player in the petrochemicals industry, and gave a strong advantage in mechatronics & aerospace. Hanwha also possess exclusive and unique automotive materials technologies, and was ramping up productivity to expand global market share in this key area. Hanwha solar energy business boasts the No.1 solar cell production capacity in the world, providing high-quality, and highly efficient solar energy solutions to countries around the world, including Japan, Europe, and the United States. For the Bismayah New City Project in Iraq, the accumulated value of contracts signed exceeded USD 10 billion.

Samsung Group announced 26 November 2014 it would sell four chemical and defense units to Hanwha Group in a deal estimated at 1.9 trillion won (US$1.72 billion) as it continued its business reorganization for an eventual management transfer to the next generation of family.

South Korean conglomerate Hanwha Group would acquire defense firm Samsung Techwin Co Ltd and three other Samsung Group affiliates. Samsung Techwin shares tumbled by the daily-limit 15%, set for steepest fall since September 2000, after Samsung Group said it planned to sell a combined 32.4% stake in Techwin to Hanwha Group for 840 billion won (US$758.9 million). Hanwha also acquired unlisted Samsung Total Petrochemicals Co Ltd, Samsung General Chemicals Co Ltd and Samsung Thales Co Ltd, and a joint venture with French defense electronics firm Thales.

The acquisitions put Hanhwa at the top of the defense industry it was built on. The conglomerate was designated a defense firm in 1974. When combined with Samsung's defense units, Hanwha Group's defense sales are expected to reach 2.6 trillion won, a sharp rise from 1.18 trillion won in 2013. Hanwha chairman Kim Seung-youn was released from prison earlier in 2014, and was in the process of retaking management of Hanwha.

Hanwha Corporation, the parent company of Hanwha Group, was founded in 1952. Since then Hanwha Corporation has grown into one of the nation's leading companies, with two major business units: The Explosives Division which makes commercial explosives, technologically advanced defense industry products and aerospace products, and the Trade Division, which, by using the company's vast global network, deals with a variety of products, including petroleum, metals, and other goods.

The Trade Division is the international trading arm of Hanwha Corporation, which plays a significant role as the group's global outpost. The Trade Division has 9 regional subsidiaries and 19 branch offices in the US, Europe and Japan through which the Division not only handles trade of such items as raw materials, food resources and daily goods, but also engages in natural resources development, enters into strategic partnerships with other global companies and makes direct foreign investments.

The Explosives Division is where everything began for Hanwha Group, as it is known today. It was founded in 1952 under the name of Korea Explosives. The Division played a major role in the growth of the Korean economy after the Korean War.

It entered the defense industry early on, using its extensive industrial experience and expertise and has invested in research and development in a variety of areas ranging from munitions to advanced technology precision guided weapons. Hanwha Corporation has also entered into the auto-parts and aerospace industries as part of its pre-emptive strategy to anticipate changes in the world of globalization.

From its centers of innovation in its Boeun, Yeosu, Daejeon, Gumi and Asan manufacturing facilities, to its Main Research & Deve-lopment Center as well as its Aerospace Research & Develop-ment Center, the Explosives Division has laid a solid foundation for its determined drive to become a leading global enterprise.

Samsung Techwin

Starting with the aircraft engine business in 1977, Samsung Techwin has conducted nation-wide and industry-wide important businesses related to high-technology industries. Samsung Techwin transferred its existing aircraft manufacturing businesses to Korea Aerospace Industries (a domestic integrated business entity) in 1999 and currently concentrates on the high-technology industry, including semiconductor system, opto-electronics, engine business and special businesses related to national defense.

Samsung Aerospace Industries Ltd. was one of the leading aircraft manufacturer in Korea, has led the way for many high-precision industries in the country. Established in 1977, the company developed the technology necessary to produce rockets, missiles, laser devices, cameras, and factory automation systems. A milestone in the company's quest to become an integrated aircraft manufacturer was the selection as prime contractor for the production of the Korean military's next-generation fighter, the Lockheed Martin F-16 (formerly the F/A-18 Hornet). The company also achieved progress in the manufacture of parts for large passenger aircraft and helicopters. In October 1999, the aircraft manufacturing operations was merged into Korean Aerospace Industries. The unit's remaining aerospace related work, such as engines, is now part of Samsung Techwin. Samsung Techwin is a leading global semiconductor system company. The unit focuses on engines, electro optics, and semiconductor systems.

In the digital optics business, Samsung Techwin created a foundation to grow as an internationally known company based on accumulated optics technology. In semiconductor systems, with remarkable achievements such as development of the world fastest chip mounter and next generation lead frame, Samsung Techwin is recognized as a leading global semiconductor system company.

SAMSUNG TECHWIN is one of the world's most premier aircraft engine and accessory modification, repair & overhaul [MRO] companies. With its successful track record, SAMSUNG TECHWIN is able to maintain MRO contracts with domestic and foreign customers including current contracts with the US Air Force, Navy and Army.

SAMSUNG TECHWIN's involvement in the defense industry goes beyond aircraft to include artillery and combat engineering vehicles for the ROK Army.

The Samsung-built 155mm self-propelled howitzer has proven itself to be outstanding for modern warfare and the Korean Peninsula terrain, which has a lot of mountains and river. The weapon has been praised for its efficiency in field mobility, accuracy, and safety for personnel and ammunition. SAMSUNG TECHWIN has focused R&D efforts on creating a self-propelled howitzer that maximizes artillery fire power while increasing the mobility and durability of the system. For this, an ammunition car and aiming vehicle have been developed. This equipment is also economical as a result of standardized manufacturing facilities and technology.

To help modernization of the Korean Army's equipment, SAMSUNG TECHWIN began producing Armored Combat Engineering Vehicles and Combat multi-purposed excavator with the mobility and functions required for modern warfare. The Armored Combat Engineering vehicle can be used for bulldozing, scraping, grading, dumping, towing or winching. It can also operate at river crossing. The Combat multi-purposed excavator is very useful as a loader, bucket-lift, forklift, crusher and chainsaw.

The AAV7A1 is the main equipment of Republic of Korea Marine Corps. The vehicle provides an excellent mobility, firepower, armor protection and survivability while transporting troops and cargo from ship to shore. The vehicle already has proven superiority in real war. In addition, SAMSUNG TECHWIN is manufacturing compatible equipment which adjust to the Korean environment with localizing the gun, communications and main items

The new K9 Thunder, a 155mm/52 caliber self-propelled howitzer, has been designed to be the best of artillery systems for the 21st century. The system is equipped with state-of-the-art mechatronics, upgraded power pack and an armored chassis. it will provide maximum survivability and lethality in the battlefield. The 52 caliber cannon is compatible with all NATO standard 155mm ammunition and incorporates an automatic fire control and loading system to achieve a maximum firing rate of 6 rounds per minute for 3 minutes, a sustained rate of 2 rounds per minute for 1 hour and a maximum range of 40 kilometers.

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Page last modified: 15-06-2016 19:18:30 ZULU