Hanwha Solutions has unveiled its new vision of attaining 18 trillion won (about US$15.5 billion) in sales and 1.6 trillion won (about US$1.4 billion) in operating profit by 2025.
The company presented its new vision at a ceremony at the Hanwha Building Auditorium in Jung-gu, Seoul on Jan. 6.
This year, the company is expected to post 10 trillion won (about US$8.6 billion) in sales and 500 billion won (about US$431 million) in operating profit.
Hanwha Solutions was officially inaugurated on Jan. 1 by integrating Hanwha Group's photovoltaic, petrochemical and high-tech materials business divisions. Vice president Kim Dong-kwan, the eldest son of Hanwha chairman Kim Seung-yeon, serves as the head of strategy in charge of mid- to long-term strategies.
"We plan to ramp up synergies by organically combining the capabilities of each sector," Hanwha Solutions announced in the event. The company will seek to enhance management efficiency, reinforce R&D capabilities, and secure financial stability.
Vice president Kim said, “The future business strategy announced today is important, but the vision will be realized only when each member of the company realizes his or her vision first.”