Hanwha Techwin
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Hanwha Techwin (Korean: 한화테크윈 주식회사; Hanja: 韓華---株式會社; RRHanhwa Tekeuwin Jusighoesa), founded as Samsung Techwin, is a surveillance and optoelectronics company.[2] It is a subsidiary of Hanwha Group. The company employs 4,501 people and is headquartered in South Korea. Its totals sales in 2014 were 2,615 billion South Korean won.
Hanwha Techwin Co., Ltd.
Native name
KRX: 012450
IndustryPhysical Security
Video Surveillance
PredecessorSamsung Techwin
Founded1977; 44 years ago (as Samsung Precision)
2015; 6 years ago (as Hanwha Techwin)
HeadquartersSeongnam, Gyeonggi Province [1], South Korea
Key people
Soon-hong Ahn (President & CEO)
Revenue529.8 billion ₩ (2020)
Number of employees
1,822[1] (2020)
ParentHanwha Group
Before the acquisition by Hanwha, Techwin also developed and sold automation, aeronautics, and weapons technology products. These businesses have since been spun off into dedicated Hanwha subsidiaries[3]Hanwha Precision Machinery, Hanwha Aerospace, and Hanwha Land Systems.
The company was founded as Samsung Precision in 1977, later renamed Samsung Techwin.[4] 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 in 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.[9]
In March 2016, Samsung Techwin America announced it would change its corporate name to Hanwha Techwin America.[10]
In 2017, Hanwha Techwin has spun off its SMT pick-and-place machine business as Hanwha Precision Machinery.[11][12][13]
Former products
Defense Industries – transferred to Hanwha Land Systems
K9 Thunder self-propelled artillery, K10 ARV (Ammunition Resupply Vehicles), sub-systems for K2 Black Panther, robot SGR-A1.
Transferred to Hanwha Aerospace
Consumer electronics – transferred to Samsung Electronics
Digital still cameras: Samsung Digimax line (e.g. Samsung Digimax A7)
See also
  1. ^ a b "Company Information - Hanwha Techwin".
  2. ^ SAMSUNG HongKong. Samsung.com (2010-01-01). Retrieved on 2013-07-12.
  3. ^ "Hanwha Techwin to Spin off Defense, Energy, Industrial Equipment Business Units". BusinessKorea. 2017-04-27. Retrieved 3 August 2018.
  4. ^ "The History of Samsung (1938-Present)". at Lifewire.com, retrieved February 19, 2019.
  5. ^ "Samsung Techwin". Archived from the original on 2006-07-16.
  6. ^ Stock news.html[permanent dead link] 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. ^ The Korea Observer. "Hanwha wraps up takeover of four Samsung arms." June 29, 2016. Retrieved Feb 10, 2017.
  10. ^ Rodney Bosch, Security Sales & Integration. “Samsung Techwin America Is Changing Its Name to Hanwha Techwin America.” March 4, 2016. March 18, 2016.
  11. ^ "Hanwha Precision Machinery - Hanwha". Hanwha.com.
  12. ^ "Go to Hanwha Precision Machinery Homepage". 25 September 2017. Archived from the original on 25 September 2017.
  13. ^ "Hanwha Precision Machinery". www.hanwhaprecisionmachinery.com​.
  14. ^ Samsung Techwin Archived February 26, 2007, at the Wayback Machine
External links
Hanwha Techwin Official Site
Last edited on 13 June 2021, at 13:38
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