Tuesday, March 14, 2017

Hanwha Chairman Kim Seung-yeon, GE Immelt Chairman and discuss new business



[Korea gimeunji financial newspaper reporter] Hanwha Group Chairman Kim Seung-yeon met GE Chairman Jeffrey Immelt shared the opinion on common interests, such as new growth engines.

14 days Hanwha Group Chairman Kim Seung-yeon said the day before 16:00 had about an hour around Seoul, Korea Hanwha Immelt in a building from the occasion with 30 minutes.

This is where the two sides discussed the Hanwha Group manufacturing subsidiary of Hanwha Techwin and GE's continued cooperation of aircraft engines and gas turbines yieoon more than 30 years, and industrial IoT (Internet of Things) applies, cooperation in the photovoltaic sector It sought about the possibility.

Kim Seung-yeon said: "creative attempts, including industrial digitization of GE are very impressive," he said, "With GE and industry internet sector business cooperation in manufacturing, product competitiveness and look forward to cooperation with each other to develop new business models," he said .

Hanwha Techwin and GE has continued to cooperate in the field of aircraft engines since 1980. The two companies have maintained a cooperative relationship, etc. F-5 and F-15K, T-50, including repairs on Korean fighter and localization of areas for civil aircraft engines and engine parts for helicopters.

GE also plans to cooperate with the Hanwha Techwin in June of last year, domestic production of Korean fighters, depending on the engine seonjeongdoem provider of business of KF-X fighter aircraft, the 240 is mounted to the University for the Korea Air Force fighter engine.

Last year, it also signed an MOU to apply the Internet know-how of industry and product GE plant in Hanwha Techwin. Hanwha Techwin plans to transform its factories to utilize the smart plant in the industrial platform of the Internet GE.

Meanwhile, GE has advanced to a maternal balmyeongwang Thomas Edison in electric lighting company founded in 1878, power generation and oil and gas, aircraft engines, medical equipment, transportation equipment various areas. Since 2001, Immelt, GE Chairman has received an evaluation that turned into industrial internet platform, focusing on business development, "Start-Up 125 years.

Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com