"Hanwha Techwin will serve as the growth engine for the group and will receive dedicated support from the group" said Kim Cheol-kyo, President of Hanwha Techwin. He also added “we will play the role of a bridgehead for the globalisation of the group through the achievement of our long-term vision.”
At the ceremony it was also announced that the Hanwha Group, who are the world’s largest solar cell manufacturer, have significant interest and expectations regarding the security and surveillance business and are planning to promote it as a global top tier business on a long-term basis. Supported by group level investments Hanwha will enhance the security division into a total solution provider through mergers and acquisitions as well as partnerships and joint ventures. It will also invest in proprietary technology and human resources to enhance the business capabilities.
In Korea, Samsung Techwin has changed its name to Hanwha Techwin, whereas in Europe it will remain as Samsung Techwin Europe Limited and the Samsung brand on products will be retained. The company will expand its range of businesses into home safety, personal equipment and cloud services based on Samsung Techwin’s fundamental technologies.
At the ceremony, Hanwha Techwin presented its goal of achieving annual sales of €7.7billion by 2025 to establish itself as a world leading company.
About Samsung Techwin Europe
Part of Hanwha Techwin, Samsung Techwin Europe offers robust and reliable video surveillance products designed to meet the current and future needs of security professionals. Our cameras, video recorders and other IP netwrk devices are built to exacting standards which reflect the heritage of precision engineering associated with the Samsung brand.
What separates Samsung Techwin Europe from the crowd is the long list of innovative features built into our products which collectively deliver tangible benefits and outstanding value to customers. Much of the technology behind these features is unique to Samsung Techwin.
Samsung Techwin Europe has been among the first to recognise the value of providing end-users with the option to run software solutions such as video analytics, at the edge i.e. within the camera. One of the keys strengths of our Open Platform WiseNetIII DSP chipset, which is at the heart of our latest generation of high definition cameras, is that it provides customers with complete freedom to choose the perfect combination of software Applications, as well as VMS (video management software), to best match their individual operational requirements.
Offering ‘Best in Class’ products is only part of the process of delivering a complete video surveillance solution; every one of Samsung Techwin’s products, many of which have been highly rated in independent product tests, is backed-up by unbeatable pre and post sales support. Training is at the heart of a range of support services which also includes system design, technical support and a full three-year warranty.
About Hanwa Group:
Hanwha Group, founded in 1952, is one of the Top-Ten business enterprises in South Korea
and a “FORTUNE Global 500” company. Hanwha Group has 52 domestic affiliates and 146 global
networks in three major sectors: manufacturing and construction, finance, and services and leisure.
With more than 60 years track record of industrial leadership, Hanwha’s manufacturing
and construction businesses encompass a broad range of fields from basic chemicals
and advanced materials to property development and total solar energy solutions.
The finance network, covering banking, insurance, asset management and securities, is the second
largest non-bank finance group in South Korea. The services and leisure sector offers premium lifestyle services with retail and resort businesses.
For more information, visit: www.hanwha.co