Hwaseung Corporation is a company directly engaged in industrial rubber product businesses such as conveyor belts, hoses/sheets, and fenders/shipbuilding materials. It also serves as a global headquarters (GHQ) connecting affiliates in automotive parts, materials, and general trading sectors. The company continuously invests in research and development to expand into eco-friendly energy and future advanced industries. It aims to transition from a traditional manufacturing base to a technology-driven enterprise. The corporation strengthens ESG management, focusing on developing eco-friendly future industrial materials and technologies.HwaseungCorporationisacompanydirectlyengagedinindustrialrubberproductbusinessessuchasconveyorbelts,hoses/sheets,andfenders/shipbuildingmaterials.Italsoservesasaglobalheadquarters(GHQ)connectingaffiliatesinautomotiveparts,materials,andgeneraltradingsectors.Thecompanycontinuouslyinvestsinresearchanddevelopmenttoexpandintoeco-friendlyenergyandfutureadvancedindustries.Itaimstotransitionfromatraditionalmanufacturingbasetoatechnology-drivenenterprise.ThecorporationstrengthensESGmanagement,focusingondevelopingeco-friendlyfutureindustrialmaterialsandtechnologies.
Key Products/TechnologiesKeyProducts/Technologies
Conveyor Belts: Possessing a product line including steel cord and fabric conveyor belts (general, abrasion-resistant, flame-retardant, heat-resistant, oil-resistant, oil-and-heat resistant, high tensile and heat resistant), special functional belts (SMART Belt, MEGA HEAT Belt, LTE Belt, CAKELESS Belt, ENERGY SAVING Belt, ANTI-C&C Belt), and various shapes (PIPE Belt, ROUGH TOP Belt, COAL FEEDER Belt, INCLINE Belt, SIDE WALL Belt). Offering Belt Monitoring System (BMS) for stable line management and solutions.ConveyorBelts:Possessingaproductlineincludingsteelcordandfabricconveyorbelts(general,abrasion-resistant,flame-retardant,heat-resistant,oil-resistant,oil-and-heatresistant,hightensileandheatresistant),specialfunctionalbelts(SMARTBelt,MEGAHEATBelt,LTEBelt,CAKELESSBelt,ENERGYSAVINGBelt,ANTI-C&CBelt),andvariousshapes(PIPEBelt,ROUGHTOPBelt,COALFEEDERBelt,INCLINEBelt,SIDEWALLBelt).OfferingBeltMonitoringSystem(BMS)forstablelinemanagementandsolutions.
Hoses/Sheets: A diverse product range including general industrial hoses, Lance hoses for harsh steel mill environments, industrial rubber sheets, automotive power steering hoses, air conditioning hoses, and flexible hoses for vibration reduction and media transport. Capable of producing high-quality industrial rubber sheets with proprietary compound blending technology.Hoses/Sheets:Adiverseproductrangeincludinggeneralindustrialhoses,Lancehosesforharshsteelmillenvironments,industrialrubbersheets,automotivepowersteeringhoses,airconditioninghoses,andflexiblehosesforvibrationreductionandmediatransport.Capableofproducinghigh-qualityindustrialrubbersheetswithproprietarycompoundblendingtechnology.
Fenders/Shipbuilding Materials: Production of various fender products such as SSP, HSP, STR, TR, TRS, and Pneumatic Fenders, along with key shipbuilding and marine industry components like stern tube seals and hatch covers. Expertise in setting global standards for marine fendering systems.Fenders/ShipbuildingMaterials:ProductionofvariousfenderproductssuchasSSP,HSP,STR,TR,TRS,andPneumaticFenders,alongwithkeyshipbuildingandmarineindustrycomponentslikesterntubesealsandhatchcovers.Expertiseinsettingglobalstandardsformarinefenderingsystems.
Material Business (CMB, TPE/TPV): As a leading CMB (Carbon Master Batch) manufacturer in Korea, with an annual production capacity exceeding 100,000 tons. Holding proprietary brands for self-developed eco-friendly future new materials, TPE (Thermoplastic Elastomer) and TPV (Thermoplastic Vulcanizate). Planning the development and launch of eco-friendly new materials such as bio-TPV, antimicrobial TPV, and non-halogen flame-retardant TPV.MaterialBusiness(CMB,TPE/TPV):AsaleadingCMB(CarbonMasterBatch)manufacturerinKorea,withanannualproductioncapacityexceeding100,000tons.Holdingproprietarybrandsforself-developedeco-friendlyfuturenewmaterials,TPE(ThermoplasticElastomer)andTPV(ThermoplasticVulcanizate).Planningthedevelopmentandlaunchofeco-friendlynewmaterialssuchasbio-TPV,antimicrobialTPV,andnon-halogenflame-retardantTPV.
Electrification (EF) Business: Production and supply of essential components for renewable energy and semiconductor sectors, including elastic materials for offshore wind power and Energy Storage Systems (ESS), power cable protection tubes, busbar protective insulation products for ESS cube containers, and elastic materials (SEALING) for semiconductor equipment and manufacturing facilities.Electrification(EF)Business:Productionandsupplyofessentialcomponentsforrenewableenergyandsemiconductorsectors,includingelasticmaterialsforoffshorewindpowerandEnergyStorageSystems(ESS),powercableprotectiontubes,busbarprotectiveinsulationproductsforESScubecontainers,andelasticmaterials(SEALING)forsemiconductorequipmentandmanufacturingfacilities.
Defense Products: Contribution to the defense industry through advanced marine defense products, including next-generation naval defense items, underwater special seals, elastic bearings for offshore plants, mounts, stealth materials, fuel tanks, and new material development.DefenseProducts:Contributiontothedefenseindustrythroughadvancedmarinedefenseproducts,includingnext-generationnavaldefenseitems,underwaterspecialseals,elasticbearingsforoffshoreplants,mounts,stealthmaterials,fueltanks,andnewmaterialdevelopment.
Core AdvantagesCoreAdvantages
Diversified Business Portfolio: Operating as a business-type holding company (GHQ) overseeing various business areas such as automotive parts, materials, general trading, and industrial rubber products, ensuring a stable business structure and synergy among affiliates.DiversifiedBusinessPortfolio:Operatingasabusiness-typeholdingcompany(GHQ)overseeingvariousbusinessareassuchasautomotiveparts,materials,generaltrading,andindustrialrubberproducts,ensuringastablebusinessstructureandsynergyamongaffiliates.
Leading Material Technology: Based on long-accumulated proprietary rubber compounding technology, developing over 1,500 types of CMB and TPE compounds, and holding the top domestic market share in high-value-added advanced materials like eco-friendly TPV and bio-TPV.LeadingMaterialTechnology:Basedonlong-accumulatedproprietaryrubbercompoundingtechnology,developingover1,500typesofCMBandTPEcompounds,andholdingthetopdomesticmarketshareinhigh-value-addedadvancedmaterialslikeeco-friendlyTPVandbio-TPV.
Global Production and Sales Network: Utilizing overseas production bases in North/South America, Asia, and India to secure a competitive edge in global orders, and expanding market presence through technology, quality, and sales capabilities.GlobalProductionandSalesNetwork:UtilizingoverseasproductionbasesinNorth/SouthAmerica,Asia,andIndiatosecureacompetitiveedgeinglobalorders,andexpandingmarketpresencethroughtechnology,quality,andsalescapabilities.
Future-Oriented R&D and ESG Management: Proactive investment in R&D for eco-friendly energy (offshore wind, ESS, solar power), future advanced industries (semiconductor components, physical AI), and implementation of digital transformation (DX) and eco-friendly management for sustainable growth.Future-OrientedR&DandESGManagement:ProactiveinvestmentinR&Dforeco-friendlyenergy(offshorewind,ESS,solarpower),futureadvancedindustries(semiconductorcomponents,physicalAI),andimplementationofdigitaltransformation(DX)andeco-friendlymanagementforsustainablegrowth.
Customer-Centric Total Solution Provider: Going beyond simple product manufacturing and supply, offering services like the Belt Monitoring System (BMS) for stable management and solutions for conveyor belt lines, demonstrating a capability to provide customer-tailored services.Customer-CentricTotalSolutionProvider:Goingbeyondsimpleproductmanufacturingandsupply,offeringservicesliketheBeltMonitoringSystem(BMS)forstablemanagementandsolutionsforconveyorbeltlines,demonstratingacapabilitytoprovidecustomer-tailoredservices.
Steelmaking Industry (Lance hoses)SteelmakingIndustry(Lancehoses)
Automotive Industry (sealing products, fluid products like hoses, lightweight components, EV/hydrogen vehicle parts, thermal management system components)AutomotiveIndustry(sealingproducts,fluidproductslikehoses,lightweightcomponents,EV/hydrogenvehicleparts,thermalmanagementsystemcomponents)
Shipbuilding and Marine Industry (fenders, stern tube seals, hatch covers, marine defense products, hybrid ship propulsion systems, underwater special seals, elastic bearings for offshore plants, mounts)ShipbuildingandMarineIndustry(fenders,sterntubeseals,hatchcovers,marinedefenseproducts,hybridshippropulsionsystems,underwaterspecialseals,elasticbearingsforoffshoreplants,mounts)
Power Generation and Energy Industry (offshore wind power, solar power, Energy Storage Systems (ESS), power cable protection tubes, transformers, semiconductor equipment and manufacturing facilities)PowerGenerationandEnergyIndustry(offshorewindpower,solarpower,EnergyStorageSystems(ESS),powercableprotectiontubes,transformers,semiconductorequipmentandmanufacturingfacilities)
General ManufacturingGeneralManufacturing
Construction Industry (building window rubber packing)ConstructionIndustry(buildingwindowrubberpacking)
Defense Industry and Aerospace (stealth, fuel tanks, new materials, lightweight components)DefenseIndustryandAerospace(stealth,fueltanks,newmaterials,lightweightcomponents)
Cement IndustryCementIndustry
Major MarketsMajorMarkets
India, China, Southeast AsiaIndia,China,SoutheastAsia
ISO 14000 environmental management system certification acquired (2003)ISO14000environmentalmanagementsystemcertificationacquired(2003)
Possession of a publicly recognized quality certification system in the shipbuilding and marine industryPossessionofapubliclyrecognizedqualitycertificationsystemintheshipbuildingandmarineindustry
Technical expertise based on long-standing experience in rubber compounding and blendingTechnicalexpertisebasedonlong-standingexperienceinrubbercompoundingandblending
Development capabilities for 'Smart Belt' and 'Belt Monitoring System (BMS)' reflecting safety, environment, and efficiency.Developmentcapabilitiesfor'SmartBelt'and'BeltMonitoringSystem(BMS)'reflectingsafety,environment,andefficiency.
Proprietary TPE brand development and new material technology development including eco-friendly bio-TPV, antimicrobial TPV, and non-halogen flame-retardant TPV.ProprietaryTPEbranddevelopmentandnewmaterialtechnologydevelopmentincludingeco-friendlybio-TPV,antimicrobialTPV,andnon-halogenflame-retardantTPV.
Localization development and performance testing of core components such as ESS elastic materials, power cable protection tubes, busbar protective insulation products for ESS, and elastic materials for semiconductor equipment.LocalizationdevelopmentandperformancetestingofcorecomponentssuchasESSelasticmaterials,powercableprotectiontubes,busbarprotectiveinsulationproductsforESS,andelasticmaterialsforsemiconductorequipment.
Research and development of high-value-added products like next-generation naval defense products, underwater special seals, elastic bearings for offshore plants, and mounts through technology collaboration with the Korea Marine Equipment Research Institute (KOMERI).Researchanddevelopmentofhigh-value-addedproductslikenext-generationnavaldefenseproducts,underwaterspecialseals,elasticbearingsforoffshoreplants,andmountsthroughtechnologycollaborationwiththeKoreaMarineEquipmentResearchInstitute(KOMERI).