Hanwha Industrial Options CEO Ahn Quickly-Hong (second from proper) and different firm officers pose for a photograph through the firm’s inaugural common assembly at The Plaza Lodge in Seoul on Monday. (Hanwha Group)
Hanwha Industrial Options formally launched Monday with a founding assembly at The Plaza Lodge in Seoul. The brand new firm, established as a subsidiary of Hanwha Imaginative and prescient and Hanwha Precision Equipment, represents Hanwha Aerospace’s transfer to consolidate and lead Hanwha Group’s industrial options enterprise.
In the course of the inaugural assembly, key agenda gadgets included the formal institution of the corporate, the appointment of management and the enactment of firm bylaws. Ahn Quickly-Hong, the present CEO of Hanwha Imaginative and prescient, was appointed as each CEO and chair of the board for Hanwha Industrial Options.
The creation of Hanwha Industrial Options concerned spinning off a number of enterprise items from Hanwha Aerospace, together with these targeted on safety, semiconductor tools and chipmounters. This restructuring is designed to reinforce administration effectivity and improve company worth by way of extra agile and specialised decision-making.
“We goal to guide the market by leveraging our distinctive technological capabilities and offering enhanced worth to our prospects,” stated Ahn.
Established in 1990, video surveillance options supplier Hanwha Imaginative and prescient operates in over 20 international locations by way of 5 subsidiaries and 15 regional places of work, together with within the US, Europe, and Vietnam. The corporate is increasing its portfolio by incorporating AI and cloud applied sciences into its video surveillance options, specializing in key sectors like retail and concrete security.
Hanwha Precision Equipment, since launching Korea’s first surface-mount expertise chip mounter in 1989, is thought for its intensive vary of producing tools options and has superior its semiconductor tools lineup, which is presently being examined with international semiconductor leaders.
Hanwha Industrial Options can be listed on Sep. 27, with plans to merge with Hanwha Imaginative and prescient on Jan. 1, 2025, forming a brand new enterprise holding firm inside Hanwha Group.
