BEAMSTART Logo

Hanwha aims to boost battery production equipment business

Korea Economic Daily LogoKorea Economic Daily2 mo ago

Hanwha aims to boost battery production equipment business - Korea Economic Daily

Quick Summary:

Hanwha Group, South Korea’s chemicals-to-defense conglomerate, aims to bolster its secondary battery manufacturing equipment business with a goal to ramp up its sales by up to 10 times by 2030.Hanwha Corp., the holding company of the country’s No.7 conglomerate, on Monday unveiled sales targets of 1.4 trillion won ($1.1 billion) by 2027 and 3 trillion won by 2030 from the Momentum, its automation engineering solution division that handles the rechargeable battery production equipment business.

Hanwha also aims to double the division’s operating profit margin to 18-20% from the current level.

The division was forecast to log revenue of up to 400 billion won this year, compared with 300 billion won in 2022, according to the company.


More Pictures

Hanwha aims to boost battery production equipment business - Korea Economic Daily (Picture 1)

or

Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-12-04 @ 17:50:41 (2 months ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 230 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 19005840

View Article Analysis

About Korea Economic Daily

Korea Economic Daily Logo

Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 1 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 23 hours ago

Coverage Areas: South Korea

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #91

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Hanwha aims to boost battery production equipment business" has 230 words across 10 sentences, which will take approximately 1 - 2 minutes for the average person to read.

Which news outlet covered this story?

The story "Hanwha aims to boost battery production equipment business" was covered 2 months ago by Korea Economic Daily, a news publisher based in South Korea.

How trustworthy is 'Korea Economic Daily' news outlet?

Korea Economic Daily is a fully independent (privately-owned) news outlet established in 1964 that covers mostly economy news.

The outlet is headquartered in South Korea and publishes an average of 1 news stories per day.

It's most recent story was published 23 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #19005840
  • URL: https://beamstart.com/news/hanwha-aims-to-boost-battery-17016798529626

BEAMSTART brings you the latest news, databases, and jobs from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting community events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2024 BEAMSTART. All Rights Reserved.