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Rolls-Royce awards Hanwha Aerospace parts supplier certification

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Hanwha Aerospace has received the first Product Part Approval Process (PPAP) certification in the world from Rolls-Royce, one of the top three global aircraft engine manufacturers.

Established in 1884, Rolls-Royce is a UK-based aircraft engine manufacturer that, together with Pratt & Whitney and GE in the US, form the world’s top three engine makers.

The certification authorizes Hanwha Aerospace to perform PPAP inspections to verify that newly built aircraft engine parts meet requisite standards of quality. With the certification, Hanwha will also be able to approve the inspected engines for mass production. [Read more…] about Rolls-Royce awards Hanwha Aerospace parts supplier certification

Hanwha launches new collaborative robot solutions

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Hanwha has launched what it describes as “new advanced solutions”, including Hanwha Collaborative Robot Advanced (HCR Advanced) and a collaborative-robot-solutions package to continue building its momentum in the collaborative robot market that is expected to grow rapidly.

The global market for cobots was worth $1.2 billion last year, and it is expected to grow on average by 42 percent annually as more smart factories are built and the increasing demand for contactless services due to Covid-19 are expected to reach $7 billion by 2026.

In response, Hanwha is aggressively developing advanced cobots that combine Hanwha’s AI technology with its mobility capabilities. The company is integrating its robotics technology with existing logistics automation systems, secondary batteries, and display-related facilities to create synergy and satisfy the diverse needs of customers worldwide. [Read more…] about Hanwha launches new collaborative robot solutions

Hanwha Energy celebrates completion of ‘world’s first and largest’ hydrogen fuel cell power plant

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Hanwha Energy hosted an event at its Daesan Industrial Complex in Seosan, Korea to celebrated the completion of a hydrogen-fuel-cell power plant that only uses recycled hydrogen.

At the event, Hanwha Energy CEO In-Sub Jung was joined by South Korea’s Prime Minister Sye-kyun Chung, Vice Minister of Trade, Industry and Energy Seung-il Chung, Chungcheongnam-do Governor Seung-jo Yang, Member of the National Assembly Myung-sun Kim, and Seosan Mayor Jeong-ho Maeng.

Built by Hanwha Engineering & Construction, the new byproduct-hydrogen-fuel-cell power plant cost $212 million. It occupies 20,000 sq m of the Daesan Industrial Complex. [Read more…] about Hanwha Energy celebrates completion of ‘world’s first and largest’ hydrogen fuel cell power plant

Hanwha Systems gearing up to enter air taxi market

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Hanwha Systems is making a $25 million investment in US air taxi startup Overair, and has received approval from the relevant authorities for the move.

Hanwha Systems and Overair research and development are planning to co-develop and bring the “Butterfly” to the US air-taxi market by the year 2025.

In early December of 2019, Youn-Chul Kim, CEO of Hanwha Systems, said that the Committee on Foreign Investment in the United States (CFIUS) approved Hanwha Systems’ $25 million investment in Overair (previously K4 Aeronautics), a leading US air-taxi startup. [Read more…] about Hanwha Systems gearing up to enter air taxi market

Hanwha to supply $300 million of aircraft engine components to GE

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Hanwha Aerospace has signed a $300 million contract to supply cutting-edge aircraft engine components to General Electric, the US conglomerate and one of the leading aircraft engine manufacturers in the world and a top supplier for Boeing.

Hanwha Aerospace will supply GE with 46 types of engine components for GE’s GE9X and LEAP engine.

The GE9X is GE’s most advanced engine and expected to enter commercial production in 2020 while the LEAP is the world’s best-selling aircraft engine. [Read more…] about Hanwha to supply $300 million of aircraft engine components to GE

Hanwha opens collaborative robotics centre in Europe

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Hanwha Robotics has opened a collaborative robotics centre near Frankfurt, Germany. The company’s new Technical Centre will also highlight its other precision machinery offerings.

Hanwha Precision Machinery’s president, Ki-Nam Lee, officially launched the facility an a grand opening ceremony recently. The Technical Centre is part of Hanwha’s efforts to accelerate the company’s growth in the European market.

Hanwha is aiming to increase sales in Europe by “at least €30 million” and make Europe account for more than 15 per cent of its total sales. [Read more…] about Hanwha opens collaborative robotics centre in Europe

Hanwha demonstrates CNC machine tending using collaborative robot

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Hanwha Robotics has demonstrated a CNC machine tending solution using its HCR-5 collaborative robot. 

The company says the demand for collaborative robot solutions is increasing because such solutions enable the operator to reduce waiting times during the process.

These solutions also relieve workers from ergonomically unfavorable and hazardous jobs. [Read more…] about Hanwha demonstrates CNC machine tending using collaborative robot

Hanwha Robotics and Wipro team up on Indian cobot market 

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Hanwha Precision Machinery’s Robot Business Division has signed a Memorandum of Understanding with Wipro Infrastructure Engineering (WIN) to establish a local sales and operations office in India.

The partnership combines the core competencies between the two companies: Hanwha’s cobot manufacturing and development capabilities and WIN’s Automation Solutions business and broad sales network in India.

Through this partnership, Hanwha Robotics will be able to sell its factory automation cobots to WIN’s customer base through its sales network.

[Read more…] about Hanwha Robotics and Wipro team up on Indian cobot market 

Hanwha Aerospace acquires US aircraft engine component manufacturer

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Hanwha Aerospace has signed a deal to fully acquire EDAC Technologies, an American aircraft engine component manufacturer. The deal is expected to be worth around USD 300 million, which will be finalised once negotiations are completed.

The Korean company made a preliminary bid for EDAC Technologies in April of 2019 and entered a period of due diligence before making a final offer.

EDAC Technologies is an aircraft engine component manufacturer based in Connecticut, with a workforce of 590 people. It recorded USD 150 million in revenue in 2018.

[Read more…] about Hanwha Aerospace acquires US aircraft engine component manufacturer

Hanwha Energy extends its reach across the Pacific with Hawaii energy project

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Hanwha Energy has been awarded a major solar energy contract by Hawaiian Electric Company (HECO) as part of the state’s efforts to achieve 100% renewable energy generation.

The contract is for the Hoohana project, a major solar energy development on the island of Oahu, Hawaii, USA. South Korea-based Hanwha Energy will develop, construct, and operate a USD 140 million solar farm by 2021.

Under the terms of the Power Purchase Agreement, Hanwha Energy will operate this 52MW photovoltaic power plant and a 208MWh Energy Storage System (ESS) for 20 years.

[Read more…] about Hanwha Energy extends its reach across the Pacific with Hawaii energy project

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