president Kim Chang-beom of Hanwha Chemical said the company should aim to be a leading chemical company by emphasizing creativity and competitiveness. The new vision was declared on Jan. 8 at a ceremony at the company’s Central Research Institute in Daejeon, where some 200 company officers and staff participated.
He also said the key words for 2016 are “smart, strong and steady.” He called on each individual employee to be a professional in his or her own field through steady efforts to develop. He also wants them to be strong and not be deterred from achieving the new vision.
To this end, the company will use the key words in every important meeting.
To achieve the new vision, Hanwha Chemical has also decided to expand the number of high value-added products and advance its operational structure.
The company will cooperate with the Korea Institute for Science and Technology (KAIST) on the development of the new technologies for petrochemical products, oil refinement technology and other technologies with high business potential to compete in the global market.
Hanwha Chemical is no stranger to be a trailblazer.
Hanwha Chemical was the first Korean company to enter the Chlor-Alkali business in the 1980’s, later expanding its business scope to organic and inorganic chemicals. Today, the corporation leads the Asian market with the support of its Daeduk Central Research Center, which acts as a source of innovative global technology and a guarantor of product quality.
In order to maintain its dominance and leading-edge technology in the industry, Hanwha Chemical Corporation is focusing its resources on the continuous development of high-value added products as well as nano-materials, bio fuel, new/renewable energy and resource development.
Through the development of substances with innovative hydrogen retention capabilities and the procurement of the core technology required for the manufacturing of nano particles, Hanwha Chemical Corporation is in the process of developing relevant technologies that can be commercialized in the mid- to long-term. The company is also exploring opportunities in various specialty businesses through M&As.
The revenue stream objectives of Hanwha Chemical Corporation over the next five years are for global revenues and the sale of new materials to comprise as much as 40 percent and 10 percent, respectively, of the corporation’s total revenues.
Hanwha Chemical Corporation played a significant role in laying the foundation for Korea to join those countries with advanced chemical industries by becoming the first company in Korea to successfully manufacture not only PVC, but also such plastics as LDPE and LLDPE, in 1966.
_한화케미컬 김창범.JPG)
