Hanwha Solutions set its goal of achieving 18 trillion won in sales by 2025 and presented a new vision on Jan. 7.
According to Hanwha Solutions on Jan. 7, executives and employees held a public ceremony at the Hanwha Building Auditorium in central Seoul on the previous day to strengthen the will of attaining the goal with Kim Hee-cheol, CEO of the Q Cell division, Lee Ku-young, CEO of the chemical division, Ryu Doo-hyung, CEO of the high-tech materials division, and Kim Dong-kwan, vice president of the strategic division in attendance
The event marks the first official event for executives and employees since the three sectors of solar energy, petrochemicals and high-tech materials were merged into Hanwha Solutions this year.
Hanwha Solutions plans to strengthen synergies between businesses by efficiently allocating material and human management resources through the integrated operation of the three business sectors.
The company will also step up efforts to develop a leading new product that will lead future industries by enhancing its combined R&D capabilities across three business sectors. It also plans to push ahead with its strategy to reduce financial costs and improve financial stability through integrated fund management.
In particular, the company unveiled its mid-term goal of increasing sales, which is expected to be around 10 trillion won this year, to about 18 trillion won by 2025, through the development of differentiated technologies and expansion of new businesses. It also set a goal of raising its operating profit from 500 billion won this year to 1.6 trillion won during the same period.
Meanwhile, in July last year, Hanwha Chemical announced that it would merge Hanwha Q Cells & Advanced Materials in which it holds a 100 percent stake. At an extraordinary shareholders’ meeting that took place on Jan. 2, the company name change to Hanwha Solutions was fixed.