Hwaseung Corporation to play key roles after restructuring is completed
Hwaseung Corporation plans to develop future businesses in non-automotive sectors, for example industrial rubber products, and make investment decisions. In addition, it will serve as the global headquarters for the Hwaseung Group which supports and controls subsidiaries in auto parts, key industrial materials and international trade.
Meanwhile, Hwaseung R&A, the spin-off entity, will focus on the auto parts business. It will intensify R&D activities for green auto parts and preventively respond to the rapidly changing automotive market paradigm to meet the future demand of the auto parts industry.
An insider from Hwaseung Corporation said the spin-off will allow us to separate investment and operation for greater efficiency and explore different activities to take a leap forward by creating a solid base as a global leader. He added Hwaseung Corporation will lead efforts to find new high value-added business opportunities and transform them into a sustainable business model, increasing value for the company and its shareholders.
About Hwaseung Corporation
As the global think tank of the Hwaseung Group, Hwaseung Corporation enables and accelerates innovations from our group companies to the next leading companies. To keep the Hwaseung Group sustainable and prosperous in accordance with the standards set by our long history of excellence and reputation in international rubber companies, we are making relentless efforts in R&D and investment for renewable energy and next generation technologies. .
Hwaseung Corporation, which serves as the Global Headquarters (GHQ) by connecting and networking its global operations in the automotive, international trade and rubber industries, strives to deliver customized business solutions and strategies. for the needs of each operation and performs key functions to drive the group constant growth by ensuring stable operational performance and solid investment strategies.
One of our biggest missions is to provide a wide range of rubber products for the benefit of our global customers in various aspects of daily life to high tech fields including civil engineering, port operation, construction and various other industrial projects.
Hwaseung Company Contact Information
Public Relations Team, Hwaseung Corporation
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SOURCE Hwaseung Corporation