Products & Services > Affiliates > Hanwha Solutions
Hanwha Solutions is a newly formed corporation with the merger of Hanwha Chemical, Hanwha Q CELLS, and Hanwha Advanced Materials in January of 2020. Hanwha Solutions operates in three business areas: chemicals, total energy solutions, and advanced materials.
Hanwha Solutions’ chemical business (formerly Hanwha Chemical), the undisputed leader in South Korea’s petrochemical industry, is becoming a global chemical company with high-value-added products, cost competitiveness, and strategic investments.
Established in 1965, Hanwha Solutions’ chemical business is a total solutions chemical company with streamlined production systems for polyethylene (PE), polyvinyl chloride (PVC), and chlor-alkali (CA). And as South Korea’s leading petrochemical company, we dominate the nation’s chemical industry with high-quality PVC, CA, and linear low-density polyethylene (LLDPE) that we offer at competitive prices.
In 2012, we successfully commercialized high-density ethylene vinyl acetate (EVA) for the first time in South Korea. Just four years later, we localized the production of chlorinated polyvinyl chloride (CPVC), enhancing the quality of our PVC.
We obtained the New Technology Certification from the Korean Agency for Technology and Standards and, in 2017, we built a production line that could produce up to 30,000 tons of CPVC annually.
In order to expand speciality products, we built a commercial production line tha could produce up to 50,000 tons of hyedrogenated petroleum resins for high-value adhesive with its own technology, in 2019. We partnered with the Institute of Chemical Process at Seoul National University and the Korea Advanced Institute of Science and Technology (KAIST) to establish joint research centers. It was a significant step forward to enhance quality and accelerate the pace of innovation.
We continue to improve production efficiency and cost competitiveness while meeting the growing demand for our products around the world. Our PVC plant, completed in 2011 in Ningbo city located in China’s Zhejiang province, was built to produce up to 300,000 tons of PVC annually. Today, with continuous improvements in the production process, the plant is producing 350,000 tons of PVC each year. In Bang Phli, Thailand, we built an alkali soluble resin plant with an annual capacity of 17,000 tons. This facility serves as an important base of operations as we enter other markets in Southeast Asia.
Hanwha Solutions’ chemical business was the first South Korean petrochemical company to tap into new business opportunities in the Middle East. We signed joint venture contracts with International Polymers Company, a private petrochemical company in Saudi Arabia, and Gulf Advanced Cable Insulation Company in 2009. In 2015, we achieved cost reductions and economies of scale as our joint venture with International Polymers began to produce EVA and LDPE. With Gulf Advanced Cable Insulation, we are producing wire and cable compounds. In 2016, we strategically acquired a company to maximize the synergy in production processing of CA and vinyl chloride monomer (VCM) while enhancing our production efficiencies with toluene diisocyanate (TDI), a raw material for polyurethane products.
In our upstream solar businesses, we’re continuing our investments in infrastructure and working to become a global leader. One of our facilities alone can annually produce up to 15,000 tons of polysilicon. Our facilities employ advanced technologies that produce environmentally friendly products, such as ECO-DEHCH, an eco-friendly premium plasticizer. They represent our commitment to a better environment for a better tomorrow.
With world-class technology and high quality, Hanwha Q CELLS, operating as Hanwha Solutions’ total energy solutions business, captured the biggest market share in major markets including Germany, the UK, South Korea, and Japan.
Hanwha Q CELLS is a total energy solution provider worldwide. Our business scope ranges from the midstream of cells and modules to downstream solar solutions for residential, commercial, and industrial buildings, as well as for large solar power plants.
Since our entry into the solar energy business in 2010, the Hanwha Group has transformed Hanwha Q CELLS into the world’s leading producer of solar cells and modules. Our current production networks span across China, Malaysia, South Korea, and the US. Bolstered by strong revenue and driven to stay ahead of the growing worldwide demand, we’ve continued to invest in R&D and manufacturing innovations. Our Malaysia plant alone was able to produce more than 1GW of Q.ANTUM cells annually in 2015, the first of its kind in the industry. In Q1 2019, we penetrated the US market and began our acceleration to expand into the country by building a 1.7GW capacity module plant in the US state of Georgia.
Our Q.ANTUM technology is based on PERC cell technology, providing mono- crystalline efficiency for multicrystalline module cells. The multicrystalline Q.ANTUM module, Q.PLUS, won the Module Manufacturing Innovation award at Solar Industry Awards 2015 in Hamburg, Germany. For two consecutive years, Hanwha Q CELLS has won the Intersolar Award in the Photovoltaics from Intersolar, the most prestigious solar energy conference and exhibition in Europe. In 2017, our Q.PEAK RSF L-G4.2 steel-frame module also won in the Photovoltaics category. The following year, in June 2018, our Q.PEAK DUO-G5 solar module also won in the Photovoltaics category, earning high praise for its 120 half-cell, six-bus bar monocrystalline module that the Intersolar jury panel called “the new standard for residential and commercial rooftops.”
Hanwha Q CELLS was selected as one of the best PV manufacturers by local installers, winning the Top Brand PV Seal 2019 from EuPD Research for the sixth time in a row in Europe and for the fourth time in Australia. Our technology infrastructure enables differentiated technology innovations. Our R&D headquarter is located in Thalheim, Germany and our R&D network covers China, Malaysia, and South Korea. Our R&D centers all receive Hanwha's continuous support and investments to develop solar technology, including Anti- LID, Anti-LeTID, Tra.Q, and more.
By employing our cutting-edge technology and economies of scale, Hanwha Q CELLS has been able to take advantage of the growing demand for solar power around the world. We have been able to offer higher quality products at competitive prices. In 2014, we entered the rooftop solar power equipment market in Japan and Europe and large-scale power plant markets in the US, Thailand, Chile, and Latin America. In the same year, we secured a series of large solar projects across Europe – in the UK, France, and other countries. In 2015, we partnered with US-based NextEra Energy to provide 1.5GW of modules, accelerating our entry into one of the world’s largest solar markets. We also captured the biggest market shares across Germany, the UK, South Korea, and Japan.
Based on its strategies and policies optimized to global energy market, Hanwha Q CELLS is securing its global leadership in the solar industry through long-term growth and expertise.
Hanwha Solutions’ advanced materials business (formerly Hanwha Advanced Materials) is expanding its footprint in the global market by producing lightweight composite materials and thermoformable components, highly efficient advanced film for solar energy, and high-performance coating films for mobile phones and display.
Founded in 1965, Hanwha Solutions’ advanced materials business has developed an innovative line of environmentally-conscious products and technologies that meet the needs of our customers around the world. We have also developed local production plants and R&D centers in South Korea, the US, Europe, and China. Our global sales continue to rise.
Since entering the automotive materials business in 1986, we have launched a diverse portfolio of products for automobile structures and interiors. We now leverage original technologies to build high-strength, super-lightweight materials and parts. Among the materials we produce are: StrongLite – Glass fiber Mat-reinforced Thermoplastic (GMT) and SuperLite – Light-Weight Reinforced Thermoplastic (LWRT). They’ve captured the highest market shares globally, in their respective categories. We are a major supplier to global automakers, including Hyundai, Kia, BMW, Daimler, Volkswagen, GM, Ford, and Toyota. As a global supplier, we have manufacturing factories in Alabama and Virginia in the United States; Beijing, Shanghai, and Chongqing in China; the Czech Republic and Germany in Europe; and in Mexico, where the largest number of cars are produced for North America. By relying on our ten production sites around the world, we can anticipate the needs of global automakers for parts standardization and global sourcing.
Currently, we’re tracking a global move toward lightweight automotive parts. We anticipated this and it’s why we strengthened our investments in R&D years ago so that we could lead in the changing industry. In 2015, we launched the Lightweight Composite Materials R&D Center to help our R&D to be more globally competitive and help us to lead the global trend toward lighter parts. Our research focuses on thermoplastic, thermosetting composite materials, and on designing and developing new applications. We also develop new materials and manufacturing methods, offering improved functionality and innovative plastic hybrids that enable the latest technologies in the market. We are actively tracking paradigm shifts in the automotive market, as represented by smart cars and electric vehicles. While keeping up with the rapidly expanding electric vehicle market in China, we are also exploring sales opportunities for battery cases in electric vehicles.
We offer products built with in-house technologies we’ve been refining for sheet manufacturing for the last 30 years. In 2010, we succeeded in developing and mass-producing EVA sheets and back sheets used in photovoltaic modules. We operate a plant for 8GW EVA sheets and 2.5GW back sheets in Korea and we’re expanding the business to Europe, the US, and Southeast Asia.
We are especially competitive in the high-functional film market. Currently, we produce electronic circuits such as coverlay film (insulation film), Flexible Copper Clad Laminate (FCCL), bonding sheet (adhesive sheet), and Electro- Magnetic (EMI) shielding film. Our flagship FCCL LinkTron is used as a key component material for precision electronic products, such as smartphones and tablet PCs. We are now expanding into manufacturing materials used in automotive electronics.
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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.