Hanon Systems, an affiliate of Hankook & Company Group, set a goal to leap to the No. 1 global thermal management solutions corporations by 2036.
Hanon Systems marked its 40th anniversary on the 11th and on the 10th unveiled the commemorative message "40 Years Forward (Beyond 40 years, into the future)." A Hanon Systems official said, "It reflects our commitment to create new growth opportunities not only in future mobility but also across various industries that require thermal management, based on the technology and innovation we have accumulated over the past 40 years."
Hanon Systems currently supplies automotive thermal management solutions based on 50 production plants and three research and development (R&D) innovation centers worldwide. In the global automotive thermal management field, it is evaluated as the No. 2 manufacturer that offers a full lineup.
Hanon Systems aims to rise to the No. 1 global thermal management solutions corporations by 2036, its 50th anniversary.
To that end, it plans to accelerate expansion of its business scope based on existing automotive thermal management technologies. It will designate infrastructure industries that require high-efficiency thermal management solutions—such as data center cooling systems, where demand has been rising rapidly—as key growth areas and expand related business portfolios.
Through this, it plans to establish itself as a core infrastructure partner across various industries that need thermal management technologies, beyond the automotive industry. It also intends to expand into adjacent growth areas, including the global aftermarket, to strengthen its mid- to long-term growth foundation.
Vice Chairman and CEO Lee Su-il of Hanon Systems said, "This 40th anniversary is more than a simple commemoration; it will be a new starting point to leap to the No. 1 global thermal management solutions corporations based on execution and sound fundamentals."
Going forward, Hanon Systems plans to expand the funds secured through the operational efficiency gains it has pursued into investments in future technologies and new business areas.