Hanwha Group has been working on its global mining business, which is accelerating. Sales have increased by 12 times in five years due to successful acquisition and merger and active exploration of overseas markets. And it expect the sales to reach $200 million this year. Compared with just 16.1 billion won when it launched its overseas business in 2014.Hanwha‘s defense division made an announcement on the 28th. It stated that it signed a $10 million contract with an Indonesian mining company to supply industrial gunpowder products.
Hanwha Group global power in Indonesia and Australia
The growth is also striking in Indonesia. It opened an Indonesian corporation in 2013. And has since been actively carrying out mining service projects since 2014. When it was equipped with local production facilities with an annual capacity of 23,000 tons.
Hanhwa has been shipping non-electric brain tubes to Indonesia’s state-run gunpowder company Dahana since 2012. Starting from early this year, it is currently constructing ‘original plant’ in Indonesia to produce and supply products in a stable manner. The original is a major component of the detonating gunpowder. And the tube is completed by installing ignition on the original.
Meanwhile, Hanwha Systems Co., a defense arm of Hanwha Group, has made progress in exporting its ship fighting system to the Philippines. Hanwha Systems said Friday that it has signed a $30 million deal with the Philippine Defense Ministry. To supply a ship combat system to improve the performance of three 3,000-ton frigates operated by the Navy.
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