Hanwha Chemical will merge with Hanwha Q CELLS and Advanced Materials in January of next year and start anew as Hanwha Solution.
Hanwha Chemical announced on Dec. 12 that it will hold a general shareholders meeting on Jan. 2, 2020 to pass an amendment to the articles of incorporation that include a change in the company name.
The new name Hanwha Solution means that he company will provide new solutions through business integration in the face of growing uncertainties at home and abroad.
"We plan to cope with the rapidly changing business environment at home and abroad by integrating the oil and material businesses, which are seeking to make a leap through the development of high value-added products, and the photovoltaic business which leads the global market," a Hanwha official said. The company intends to promote the even growth of its flagship businesses through business diversification and increase corporate value by boosting management efficiency and business synergies.