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taexpert928 103 posts  |  Last Activity: Sep 19, 2014 9:20 PM Member since: Aug 22, 2011
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  • Hanwha streamlines business portfolio

    Published : 2014-08-13 21:33
    Updated : 2014-08-13 21:33

    Hanwha Group, the nation’s 10th-largest conglomerate by assets, said Wednesday that Hanwha Chemical, its flagship affiliate, signed a deal to take over KPX Fine Chemical as part of efforts to restructure its business portfolio.

    The group did not reveal the size of the deal.

    KPX Fine Chemical, a local mid-sized chemical goods manufacturer, has supplied toluene diisocyanate and its derivatives, which are used in products such as cars, furniture and footwear, for almost three decades.

    “The group sought the deal to strengthen its competitiveness in the petrochemical sector,” Hanwha said in a statement. “We will continue to drive our business portfolio restructuring to realize the vision to become a world-leading company in each core sector by 2020.”

    Hanwha Chemical CEO Bang Han-hong (left) poses with KPX Holdings vice chairman Yang Joon-young after signing a deal to take over KPX Fine Chemical in Seoul, Wednesday. (Hanwha Group)

    Petrochemicals are one of Hanwha’s three areas of core competence. The other two are its solar power generation business and advanced materials manufacturing.

    In the field of solar energy, Hanwha has built a vertically integrated business portfolio that has improved its efficiency, the company said.

    To expand its worldwide reach, Hanwha on Aug. 8 acquired a 40 percent stake in Queensland-based Empyreal Energy with the aim to enter Australia’s home-based solar power retail market.

    In 2012, the group took over Germany-based Q-Cell, the world’s largest solar cell maker. The group said it was considering more M&As in the solar energy sector to strengthen its market leadership in target countries such as Japan, Germany, and the Middle East.

  • Is this a good idea for ENZY to be sold to TEVA? As a independent company ENZY has much more potential than part of giant TEVA. I hope that this is not true.

  • taexpert928 taexpert928 Aug 13, 2014 1:26 PM Flag

    Correction : Korea Times article today CONFIRMS Combs email for profitability of Q2 and Q3

  • 8/13/2014

    "The company is looking at acquiring other solar energy firms in Japan, Germany and the Middle East to firmly establish its market share in the area, where it has turned a profit this year after years of struggle with losses."

  • taexpert928 taexpert928 Aug 13, 2014 10:47 AM Flag

    This report that Hanwha Solar turned a profit this year after years of struggle with losses, is the fist report of profit by media in last 4 months. Maybe Combs is right and we have a good Q2 report.

  • Group speeds up business restructuring
    2014-08-13 17:50
    By Park Jin-hai

    This year, it sold its building material firm, Hanwha L&C, as well as pharmaceutical unit DreamPharma.

    Hanwha also aims to strengthen its global competitiveness by establishing a vertical business structure in the solar and petrochemical sectors.

    On Aug. 8, the company bought a 40 percent stake in Australian solar energy retailer Empyreal. With the acquisition, it expects to enter the Australian solar energy market and expand its business to energy monitoring and saving businesses as well.

    The company is looking at acquiring other solar energy firms in Japan, Germany and the Middle East to firmly establish its market share in the area, where it has turned a profit this year after years of struggle with losses.

    To secure the funds that are needed for business restructuring, Hanwha Chemical issued 350 billion won in global depositary receipts in April. In June, Hanwha E&C also increased its capital by 400 billion won by issuing preferred shares.

    In the process, Hanwha E&C's debt ratio went down 150 percent and Hanwha Chemical's debt ratio was cut by 18 percent, improving its financial structure.

  • taexpert928 taexpert928 Aug 12, 2014 12:33 PM Flag

    Nam is ex CEO of Samsung who increased market share by 310% in 3 years as a VP of Electronic division of Samsung. He is an excellent CEO and this is what HSOL needs now, an excellent leadership.

  • From transcript of CC of Q1:

    "As a new CEO , my goal for this company is straightforward. I intend to lead an aggressive transformation and turnaround of Hanwha SolarOne, achieving a tier 1 position in the industry within two years.

    I led the very large and competitive IT solutions business while at Samsung, a similar accomplishment and I see no reason why success cannot be achieved here.

    As most of you understand, product differentiation in solar are not great. So we must differentiate ourselves through focus and dedication. In other words, Hanwha SolarOne will define its own strength.

    With this initiative, a systematic management discipline and conduct our operations with a sense of urgency. We will achieve operational excellence and therefore better profitability through a number of areas. Cost reduction can be achieved in areas other than materials.

    Some areas targeted for improvement include manufacturing and engineering, driven by automation. Supply chain management and logistics. For example, global material sourcing will improve the processing leverage in corporation with Q CELL. Inventory management, leading to [indiscernible] and the reduced quantities from made to order manufacturing

  • Mexico PV panels will have larger profit margin for HSOL because Mexico does not have tariff on imported solar panels. HSOL will be $10 in 2015 due to new ex-Samsung CEO and new cost saving automation.
    _______________________________________________________________________

    SunRise Power, Cosma and Hanwha SolarOne to Deliver Bankable PV Solutions to Mexico

    Published on May 27, 2014 at 3:37 AM

    SunRise Power, a leading Canadian provider of photovoltaic (PV) systems and engineering, procurement, construction, and maintenance services (EPCM) is pleased to announce a cooperation with Cosma International, a leading global metal forming supplier and Hanwha SolarOne, a top 10 global photovoltaic module manufacturer, to deliver bankable PV system solutions to the Mexican PV market.
    "We are excited to announce this cooperation with Cosma and Hanwha SolarOne which will help bring bankable Canadian EPCM experience to the deployment of over 1GigaWatt of utility scale PV and multi-MegaWatts of rooftop PV projects in the rapidly growing Mexican PV market," said Paul Pauze, President of SunRise Power.

    "This cooperation is a key element of our long term growth strategy, which intends to extend the benefits of the Canadian business model and its associated engineering expertise to provide clean, secure energy to Mexican businesses and properties."

    "Mexico is rapidly emerging as a leading market for solar PV installations, so we're excited to partner with leading solutions providers like SunRise Power to bring a world-class customer experience," said Doug Urban, Managing Director Hanwha SolarOne

  • Reply to

    In a nutshell

    by puter_robber Aug 11, 2014 7:57 AM
    taexpert928 taexpert928 Aug 11, 2014 11:15 AM Flag

    Robber

    Hardcore email is also some kind of company report

  • taexpert928 taexpert928 Aug 11, 2014 11:07 AM Flag

    boni
    Be optimistic. Between 5/7/14 to 6/30/14 , there are 53 days that panels could be shipped.

  • "Urdan from Wells Fargo said the education department is unlikely to impose a sanction. The agency has already seen the disruption to students caused by closing Corinthian, he said.

    “They don’t have any interest in doing actual harm,” he said. “The Education Department can’t keep shutting down schools and not face some backlash.”

    Wells Fargo’s Urdan said that ITT’s cash position would permit the company to weather the 21-day delay on funds that the department imposed on Corinthian. However, a filing from July 30 shows that ITT would be considered in default on its credit covenants if the government delays access to student-aid funds by more than five days, an action less severe than it took with Santa Ana, California-based Corinthian.

  • This new 1GW deal for Mexico should be reflected in Q2 earning results:
    _____________________________________________________________
    SunRise Power, Cosma and Hanwha SolarOne to Deliver Bankable PV Solutions to Mexico

    SunRise Power, a leading Canadian provider of photovoltaic (PV) systems and engineering, procurement, construction, and maintenance services (EPCM) is pleased to announce a cooperation with Cosma International, a leading global metal forming supplier and Hanwha SolarOne, a top 10 global photovoltaic module manufacturer, to deliver bankable PV system solutions to the Mexican PV market.
    "We are excited to announce this cooperation with Cosma and Hanwha SolarOne which will help bring bankable Canadian EPCM experience to the deployment of over 1GigaWatt of utility scale PV and multi-MegaWatts of rooftop PV projects in the rapidly growing Mexican PV market," said Paul Pauze, President of SunRise Power.

    "This cooperation is a key element of our long term growth strategy, which intends to extend the benefits of the Canadian business model and its associated engineering expertise to provide clean, secure energy to Mexican businesses and properties."

    "Mexico is rapidly emerging as a leading market for solar PV installations, so we're excited to partner with leading solutions providers like SunRise Power to bring a world-class customer experience," said Doug Urban, Managing Director Hanwha SolarOne

  • ESI retained a real estate broker in Carmel to enhance the negotiation. This is what my source in Carmel is telling me. Is this good or bad for ESI?

  • taexpert928 taexpert928 Aug 8, 2014 12:45 PM Flag

    The following para is from email sent by Combs to Goodwin_da. You think Combs does not know what he is talking ???

    "Please note that Hanwha Chemical retains over 46% interest in the company, a position they acquired at an average cost of approximately $10, so they too have suffered a significant reduction in their capital."

  • Hanwha SolarOne Co., Ltd
    This is the proper time for HSOL to repurchase shares & increase stack above 49.9% as announced on 11/14/13. The shares repurchase program was realized. According to Combs email , Hanwha Group holds only 46% of Solarone shares. HSOL has never announced cancellation of shares repurchase program
    ___________________________________________________________________________

    November 14, 2013
    Hanwha SolarOne Announces Amendment to its Shareholder Agreement and Share Issuance and Repurchase Agreement

    SHANGHAI, Nov. 14, 2013 /PRNewswire/ -- Hanwha SolarOne Co., Ltd. ("SolarOne" or the "Company") (Nasdaq: HSOL), a vertically integrated manufacturer of silicon ingots, wafers and photovoltaic ("PV") cells and modules in China, today announced that it has amended its Shareholder Agreement, dated as of September 16, 2010, by and among the Company and Hanwha Solar Holdings Co., Ltd. ("Holdings"), and its Share Issuance and Repurchase Agreement, dated September 16, 2010, by and among the Company and Holdings. Both amendments are dated November 12, 2013.
    The amendments eliminate certain restrictions in the Shareholder Agreement and the Share Issuance and Repurchase Agreement that limited Holdings' ability to increase its ownership in the Company above 49.9% and remove the requirement that the board be comprised of seven directors. The amendments also allow Holdings to nominate directors to the board according to a formula based on its share ownership in the Company; however, the number of directors that Holdings may nominate will in any event be less than a majority of the board. The amendments were considered by a special committee of the board of the Company comprised entirely of independent directors, and recommended to and approved by the board.

  • Google : Hanwha SolarOne's (HSOL) CEO Seong-woo Nam on Q1 2014 Results - Earnings Call Transcript

  • taexpert928 taexpert928 Aug 8, 2014 10:42 AM Flag

    This is a good news also for HSOL. Approximately 64% of this 1.5GW is produced by HSOL.

  • As you know 64% of Q-cells panels are either panel sold by HSOL and relabeled by Q-cells or PV cells sold by HSOL to Q-cells to manufacturer panels. Most likely approximately 64% of this 1.5GW is produced by HSOL

    ___________________________________________
    Hanwha to lift solar production to 1.5GW
    JOHN CONROY 8 AUG, 11:16 AM
    CLIMATE SOLAR ENERGY

    German-based Korean-backed solar maker Hanwha Q CELLS will expand its production capacity to 1.5 GW by year's end on the back of the completion of an additional 204MW line in Malaysia, as well as a planned 230MW expansion across Malaysia and German facilities by year's end, to be driven by manufacturing improvements in reduced cycle times across lines.

    Hanwha also revealed it had grown its shipments in the first half of 2014 by 68% to 539MW in total, confirming the company´s position as the largest European PV provider.

    “Against the background of rising global demand for our high quality PV products and solutions we will further increase our international production capacities," chief executive Charles Kim said.

    The completed Malaysian line was finished late last month, is already producing and will be now ramped up to full utilisation bringing the facility's capacity to 1.1 GW, the company said.

  • SunRise Power, Cosma and Hanwha SolarOne to Deliver Bankable PV Solutions to Mexico

    Published on May 27, 2014 at 3:37 AM

    SunRise Power, a leading Canadian provider of photovoltaic (PV) systems and engineering, procurement, construction, and maintenance services (EPCM) is pleased to announce a cooperation with Cosma International, a leading global metal forming supplier and Hanwha SolarOne, a top 10 global photovoltaic module manufacturer, to deliver bankable PV system solutions to the Mexican PV market.
    "We are excited to announce this cooperation with Cosma and Hanwha SolarOne which will help bring bankable Canadian EPCM experience to the deployment of over 1GigaWatt of utility scale PV and multi-MegaWatts of rooftop PV projects in the rapidly growing Mexican PV market," said Paul Pauze, President of SunRise Power.

    "This cooperation is a key element of our long term growth strategy, which intends to extend the benefits of the Canadian business model and its associated engineering expertise to provide clean, secure energy to Mexican businesses and properties."

    "Mexico is rapidly emerging as a leading market for solar PV installations, so we're excited to partner with leading solutions providers like SunRise Power to bring a world-class customer experience," said Doug Urban, Managing Director Hanwha SolarOne.

JNJ
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