Hanwha Techwin

Hanwha Techwin Co., Ltd.
Native name
 Korean: 한화테크윈
Public
Traded as KRX: 012450
Industry Physical Security
Video Surveillance
Defence
Predecessor Samsung Techwin
Founded

1977 (1977) (as Samsung Techwin)

2015 (2015) (as Hanwha Techwin)
Headquarters Seongsan, Changwon, Gyeongsangnam-do[1], South Korea
Key people
 Cheol Kyo Kim (President & CEO)
Revenue 2,947 trillion ₩ (2011)
2,615 billion ₩[1] (2014)
Number of employees
 4,501[1] (2014)
Parent Hanwha Group
Subsidiaries Hanwha Defense Systems[2][3]
Website www.hanwhatechwin.com

Hanwha Techwin (Korean: 한화테크윈), founded as Samsung Techwin, is a surveillance, aeronautics, optoelectronics, automations and weapons technology company.[4] It is a subsidiary of Hanwha Group. The company employs 4,501 employees and is headquartered in South Korea. Its totals sales in 2014 were 2,615 billion South Korean won.

History

The company was founded as Samsung Techwin in 1977. Under Samsung, the company established a precision instrument laboratory in 1978, and started making cameras in 1979. In technical cooperation with General Electric, it started manufacturing jet engines for Korean aircraft in 1980. Manufacture of 155 mm (6.1 in) self-propelled artillery began in 1984.

It changed its name to Samsung Aerospace Industries in 1987 and started to make helicopters. It acquired Rollei, a German camera manufacturer, and Union Optics of Japan, a manufacturer of semiconductor equipment. In 1996 it developed the SB427 helicopter with Bell and began selling digital cameras branded as "Samsung Kenox" in 1997. The same year, it made the first KF-16 fighter jet in Korea.

It handed over the firm's aircraft business to Korea Aerospace Industries in 1999 and changed its name to Samsung Techwin in 2000.

It exported the K-9 155mm self-propelled artillery to Turkey. In 2005, the company marked first place in Korean digital cameras market share and started a technical co-operation with Pentax.[5]

Samsung Techwin directly entered the European and North American closed-circuit television/surveillance market in 2008 under its own name, featuring a line of true day/night cameras and digital video recorders (DVRs). In 2009, the company introduced a new series of digital IP-based cameras and network video recorders.

Samsung Techwin and its bigger sister company Samsung Electronics announced on October 2009 that in 2010 Samsung Electronics CCTV camera division would be unified with Samsung Techwin's CCTV camera division. In recent years both companies appeared on the CCTV market with lineups that shared some technological underpinnings but in many ways differed (including incompatible PTZ control protocols), and in many markets they were direct competitors with overlapping distribution channels. Although some earlier speculation existed in specialty literature that the new company would appear under the name Samsung Security, official announcement stated that the CCTV division from Samsung Electronics will be transferred to Samsung Techwin.[6]

In February 2014, Samsung Techwin presented its new portfolio of IP cameras for vertical markets at the International Security, Safety and Fire Exhibition (SICUR).[7]

In December 2014, Samsung Electronics announced the sale of its holding stake in its security division, Samsung Techwin, to South Korean conglomerate Hanwha Group.[8]

On June 29, 2015 Hanwha completed the takeover and renamed it as Hanwha Techwin.

In November 2015, Samsung Technwin America announced the appointment of Richard Simone as the company's Vice President of Sales and Marketing.[9]

In March 2016, Samsung Techwin America announced it would change its corporate name to Hanwha Techwin America.[10]

Products

See also

References

  1. 1 2 3 "Company Information - Hanwha Techwin". Retrieved 28 March 2016.
  2. ↑ HANWHA TECHWIN to buy 100 pct stake in Doosan Dst. finance (Report). Reuters. 8 April 2016. Retrieved 9 April 2016.
  3. ↑ "Hanwha Group Launches Hanwha Defense Systems, Enhancing Its Defense Business Portfolio to Leap towards a World's Leading Defense Company". Hanwha. 31 May 2016. Retrieved 1 June 2016.
  4. ↑ SAMSUNG HongKong. Samsung.com (2010-01-01). Retrieved on 2013-07-12.
  5. ↑ Samsung Techwin
  6. ↑ Stock news at TradingMarkets.com
  7. ↑ Digital AV. “Samsung Techwin will present its new IP cameras for vertical markets in SICUR 2014.” Retrieved May 23, 2014.
  8. ↑ By Joel Griffin, Security Info Watch. “Samsung Techwin sold to S. Korean conglomerate.” December 1, 2014. December 10, 2014.
  9. ↑ Twice. “Samsung Techwin America Names New Vice President Of Sales And Marketing.” November 16, 2015. November 30, 2015.
  10. ↑ Rodney Bosch, Security Sales & Integration. “Samsung Techwin America Is Changing Its Name to Hanwha Techwin America.” March 4, 2016. March 18, 2016.
  11. ↑ Samsung Techwin Archived February 26, 2007, at the Wayback Machine.
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