Hanwha Chemical Seeks to Double Sales on Solar, Rechargeable Battery Plans
Reported by Bloomberg By Shinhye Kang and Jungmin Hong - Sept. 1, 2010
Hanwha Chemical Corporation seeks to double its revenue by 2015 with its solar and rechargeable battery plans. Hanwha Chemical established a 30MW PV cell line in Ulsan in 2009 and started commercial production in January 2010. Hanwha Group became the largest shareholder of Solarfun by acquiring a 49.99% stake. Hanwha’s shares have almost doubled in Seoul trading this year as the company entered this solar business, and the Chinese demand for chemicals has increased.