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Industry

Hanwha Solutions enters global power market with eco-friendly cable material

Hanwha Solutions\' Wire & Cable unit said it will begin commercialising CHBA-8241RC, a high-density polyethylene-based power cable jacket material made with 50 percent post-consumer recycled plastic. The company said the material emits about 34 percent less carbon per kilogram than existing products while maintaining equivalent electrical characteristics. It completed manufacturers\' production tests and quality verification in the first half of this year and said it has obtained GRS and ISCC PLUS certifications for recycled polyethylene.

Industry

Corporate restructuring scheme opens path for mid-sized, SMEs into advanced industries

More mid-sized and small companies are entering advanced industries using South Korea’s corporate restructuring scheme. The Industry Ministry panel approved 31 firms in three rounds from December to July, with plans to invest 439.5 billion won over five years and hire 927 people. Many shift existing process technologies into new markets such as semiconductor glass substrates, AR modules and EV components. The ministry is offering investment-attraction consulting, while petrochemicals pursue capacity cuts through separate restructuring projects.

Industry

Hanwha Solutions Q2 operating profit 306.5 billion won, up 200 percent on year

Hanwha Solutions posted a second consecutive quarter of profit across all divisions, reporting consolidated second-quarter sales of 4.58 trillion won and operating profit of 306.5 billion won. Sales rose 47.01 percent and operating profit climbed 200.33 percent from a year earlier, with an operating margin of 6.7 percent. Renewable energy, chemicals and advanced materials all remained profitable for a second straight quarter.