Pioneering Wind Power Technology

Since the late 1990s, Hyosung has done everything it can to turn a conceived idea regarding wind power technology into a reality. Since then, the group has been recognized as outstanding presence in the industry. Hyosung is set to push forward with growth using new growth engines, such as smart grids, grid stations, aramid textiles, TAC and films.

In 2004, the group successfully developed the 750 megawatt (MW) wind power system NO. 1 and erected a prototype in Daekwanryung, Gangwon Province, to test the relevant technology. No.2 came into being in 2007, and was awarded Germany’s DEWI-OCC wind power certification for 750 kw wind turbine system.

Last September, the group signed a collaboration agreement for independent wind power technology with Korea Southern Power Co. The two parties have agreed to construct a wind power complex in Taekbaek, Gangwon Province. The company also plans to install 2MW power generators in Jeongseon and Samcheok by 2012.

Meanwhile, Hyosung was selected as the main provider of high voltage direct current transmission systems to the Central Electricity Generation Board (GECB) in the U.K, a five-year, 300 billion won project.

Furthermore, Hyosung won the bid for three 132kw grid stations and two 66kw grid stations in Qatar last December in an effort to increase electricity provision and expand its grip on the heavy industry electricity business.

Hyosung is also poised to build a smart grid prototype in Jeju-do by tapping into its already sharp technological prowess. Smart grids, intelligent electric network systems, are designed to increase efficiency by applying IT to the entire electric process; from production and delivery to consumption.

In addition, the groups attempt to expand its grip on the amid fiber, high-strength textile market is gaining pace. Specifically, Hyosung’s ALKEX is known to five times as strong as steel, and is widely accepted as the best performing textile brand in the world. The aramid fiber, which has been proven to be outstandingly light, resilient and durable, is used to make bullet-proof jackets and helmets, golf clubs, optical cables and vehicle breaking systems. As a result of its long-term research and huge effort, the group last year announced a breakthrough in its development of an aramid yarn.

In 2009, the enterprise also completed LCD TAC film plant, which occupies 50 million at its Yongyeon Complex, Ulsan. TAC (Tri Acetyl Cellulose) film is designed to protect LCD parts featured in TV’s, monitors and cellular phones. Hyosung is gearing up for market expansion this year.