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 success-
fully manufacture not only PVC, but also such plastics as LDPE and LLDPE, in 1966.
It was also the first Korean company to enter the Chlor-Alkali business in the 1980¡¯s, later expanding its business scope to organic and inorganic chemicals as well. Today, Hanwha Chemical Corporation leads the Asian market with the support of its Daeduk Central Research Center, which acts as its source of innovative global technology and 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 hydro-
gen 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 the relevant technologies that can be commercialized in the mid to long term. The company is also exploring opportunities for entries into various specialty businesses through M&As.
The revenue stream objectives of Hanwha Chemical Corporation over the next 5 years are for global revenues and the sale of new materials to comprise as much as 40% and 10%, respectively, of the corporation¡¯s total revenues.
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