The company was founded on 29 Apr, 2002, and is playing a key role for Hanwha Chemical’s in enteringentry to China. It is expanding its sales networks to establish direct marketing bases for HCC products, and technological support to strengthen its marketing in China. It is also promoting strategic cooperation with competent sales partners. Foundation Background
ㆍMaintaining a good reputation for products such as PE/PVC in the vast market
of China, the largest market around
ㆍDue to limitations on market expansion through simple trade of overall
products in the large Chinese market,
- companies with field production bases and demand from the Chinese
market canare best positioned to last survive
ㆍIn a mid & long-term, it is necessary to start new profitable businesses and
enter foreign markets
- To achieve this, it HCC must invest in China and promote joint business by
developing a network with competent local enterprises.
Hanwha Chemical planned its entry into the world’s biggest PVC market, China, on Jan, 2008. In Aug, 2008, the company obtained authorization from
the Chinese government to establish its subsidiary in Ningbo and it is accelerating proceeding towards full-scale commercial production. The base production scale of the subsidiary is 0.5 million tons for EDC, 0.3 million tons for VCM, and 0.3 million tons
for PVC and it is targeting commercial production for late 2010.
