PO is a polymer that boasts outstanding physical properties and environmental stability. It is used in a wide variety of applications from daily consumer goods including packaging materials, container lids, and plastic bags to high-tech industrial goods. In 1972, Hanwha Chemical was the first company in Korea to produce LDPE and LLDPE in 1986. Through relentless technology innovations, we also became the first company in Korea to produce wire and cable (W&C) compounds that had been entirely reliant on imports. Our W&C compounds’ application has been expanding continuously to include extra-high-voltage cables. We also succeeded in developing EVA (ethylene vinyl acetate), a specialty value-added product, with our own technology. Our EVA was crowned as a World-Class Product of Korea certification.
Hanwha Chemical made inroads into the Middle Eastern market by signing a joint venture deal with Saudi Arabia’s Sipchem, a private petrochemical company. IPC (International Polymers Company), our joint venture in Saudi Arabia, is producing specialty PO products including EVA and LDPE. The production volume from our JV has allowed us to reduce cost, achieve economy of scale, and secure world-class competitiveness. As a result, we’ve become the world’s second largest EVA manufacturer.
Polyvinyl chloride is a general-purpose plastic most widely used as a raw material for industrial goods, packaging films, toys, and household items. After producing Korea’s first PVC in 1966, Hanwha Chemical successfully achieved complete vertical integration from supply to distribution. It now leads the PVC industry in Korea.
Our PVC plant in Ningbo China is capable of producing 300,000 tons of PVC annually. The plant, along with our strategic alliance with local chemical players, enable us to maintain a strong presence in the Chinese PVC market with products that are superior in quality, eco-friendly, and cost competitive.
Since 2017, we’ve been producing CPVC, a specialty synthetic resin. CPVC has 10% more Chlorine content than PVC. It’s also highly resistant to heat, pressure, and corrosion, making it an ideal raw material for sprinklers, transporting hot water, and special-purpose industrial pipes. We’ve also been successful independently developing an eco-friendly plasticizer, Eco-DEHCH, a phthalate-free plasticizer with superior quality.
CA refers to a range of inorganic chemical products, particularly Chlorine and Caustic Soda. They are widely used in various industries including paper, textiles, metals, and electrical generation. Hanwha Chemical a globally recognized brand and despite holding Korea’s largest market share in CA, we continuously strive to increase our competitiveness both domestically and internationally.
Polysilicon is a core material in photovoltaic production. The market for solar-grade, high-purity Polysilicon is limited to a small number of companies with sophisticated processing technologies. The technology barriers to market entry are high because the initial investment cost is high. Hanwha Chemical is one of only a few companies in the world with technologies and knowhow to bring advancement in the solar PV industry.
Inside the Yeosu Industrial Complex, we built a Polysilicon plant that went into commercial production in 2014. It is currently capable of annually producing 15,000 tons of Polysilicon. And with the synergy of our affiliates, Hanwha Chemical is able continuously find and invest in new opportunities that will undoubtedly take us to the top of the solar market.
|Hanwha Chemical||Hanwha Q CELLS||Hanwha Q CELLS Korea|
|Polysilicon||Ingot, Wafer/ Cell / Module||EPC & Operations|
TDI is used in synthesizing polyurethane alongside MDI and polyol. It is used in a wide range of products including PU foams, synthetic leather, construction materials, and paint adhesives. The TDI business is part of Hanwha Chemical’s long-term plan to secure global competitiveness in the polyurethane industry by expanding the scope of business and developing high-value-added products.
Hanwha Alkali Water Soluble Resins have outstanding features to develop properties such as pigment dispersion, stability and printing for water base coating and printing applications. Since Hanwha Chemical Thailand was established in 1989, we have been steering the global market by developing new markets abroad. We will enhance our ASR and Emulsion products to continuously meet the needs of our customers.