Hanwha TechM opens a production subsidiary in China

Home > Business > Industry

print dictionary print

Hanwha TechM opens a production subsidiary in China

Hanwha TechM, one of the nation’s leading manufacturers of industrial machinery and technology systems, said yesterday it has established a Chinese unit.

Some 80 guests participated in an inauguration ceremony in Zhangjiagang, Jiangsu Province. Hanwha TechM has already had an office in Shanghai since 2003, but this is the first time it has established an actual company in China.

It invested 9 billion won ($8 million) and will set up a production line. Hanwha TechM manufactures machinery and powertrains for automobiles.

The affiliate of Hanwha Group, the nation’s 10th-largest conglomerate, said that since China’s industry is growing, it decided to set up a subsidiary there in order to win more business.

More in Industry

Lee Lu-da, a little too chatty

Snacks, cereal and frozen food sales soar as social distancing continues

EuCorVac-19 vaccine gets greenlight for trials

Tesla model to lose government subsidies

Jailed Lee vows to support Samsung compliance committee

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now