The launch ceremony for the Hanwha Europe Technical Center took place Friday in Morfelden-Walldorf, nearby finance and commerce hub Frankfurt.
Responsible for manufacturing Hanwha’s machinery, Hanwha Precision Machinery will use the new tech center as the base for big-scale projects in Europe and to attract new clients.
|The launch ceremony for Hanwha Europe Technical Center takes place Friday in Germany. (Hanwha Aerospace)|
The center will provide technology and service befitting the global standards expected of it, according to Hanwha Precision Machinery.
This is the first European venture by a Korean precision machinery firm in the division of industrial machinery and automated shelves.
The Hanwha Europe Technical Center is a two-story building with an area of 711 square meters.
The space is fitted with a training area, office and meeting room, as well as a display area for the 10 main products of Hanwha Precision Machinery, such as the company’s flagship product chip mounter, collaborative robot and assembly automation equipment.
|Hanwha Europe Technical Center (Hanwha Aerospace)|
Hanwha Precision Machinery anticipates an additional revenue spike of 30 million euros ($32.8 million) in the European market through the new tech center launch. The company vowed to grow its European market to account for over 15 percent of its total revenue.
By Lim Jeong-yeo (firstname.lastname@example.org)