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Hanwha TechM Corp. Country: So. Korea
59 Seongsan-dong, Changwon, Kyeongsangnam-do, So. Korea 641-315. Phone +82-55-280-8834.
www.hanwhatechm.co.kr www.hanwha.co.kr Brands: Hanwha
Listed:  www.hanwhamachinery.com
Known as Hanwha Machinery outside Korea. Turning machines, especially CNC Swiss-type lathes. Grinders. Established 1953 as bearing company (bearing business spun off 1998); began MT production 1978. Offices in 23 countries incl. U.S. (near Milwaukee, Wisc.). Other businesses include factory eqpt. (conveyors, storage systems), industrial furnaces, and special machinery (flat-panel screens, automotive assembly).
Values in Millions
Fiscal Year Ended Dec. 2007 Change Dec. 2006 Change Dec. 2004
Net sales, won na 202,405.0
M-T sales, won na 43,633.0
Net Profit (Loss), won na not stated
U.S. $ Conversion Factor 0.00108 0.00106 0.00088
Net Sales U.S. $ 316.0 319.0 178.1
M-T sales U.S. $ 63.2 63.8 38.4
Net Profit (Loss), U.S. $ na na not stated
Financial Notes:
Part of giant (annual sales: US$25-billion) Hanwha Group (construction, finance, chemicals, communications, sports, etc.). 'Machine-tool sales' estimated at 20% of TechM division sales per correspondence from KOMMA, Korean Machine Tool Manufacturers' Assn.