Hanwha Techwin president explains the business and growth plan for 2018

Specific solutions for vertical markets and an optimized storage product line are some of the proposals of the security manufacturer.

With a ceremony to welcome the new year held at its Pangyo R+D center (Korea), The President of Hanwha Techwin Security Business, Youn Chul Kim, explained the company's business plan, based on five values: Business ethics, A good range of products, Excellent quality, Affordable price and cybersecurity.

As its top executive has pointed out, The company's business plan for the current year involves, First and foremost and as part of these values, A greater focus on vertical-specific solutions.

The second key task is to improve the technological competitiveness of its storage solutions. Along with its network surveillance cameras, Hanwha Techwin will strengthen other products in its offering in this regard, such as the aforementioned storage devices and video management software (Vms).

The President of Hanwha Techwin, He also stressed that the company will continue to strive to create greater trust with its customers. The video surveillance business is directly related to public and individual safety, so the importance of customer value will be a priority.

Regarding the growth strategy in global markets, Youn Chul Kim highlighted the great potential of the video surveillance business in the Asian market, where the manufacturer opened a new office in Dubai last year and plans to open a manufacturing plant in Vietnam during the first quarter of this year.

In addition, it will also strengthen the sales structure with a "strong investment in the Asian and Middle East markets to expand pre-sales and foster relationships with partners and customers". The company expects a rebound in sales in the Americas and European markets thanks to several projects using the new Wisenet X range of cameras .

"The global market is changing so fast, that it is difficult to predict how this situation will be managed," Kim said. We are committed to leading the sector by responding intelligently to changes in the environment through strategic scenario management. To ensure competitive advantages, we will make strong investments and, at the same time, We will strengthen performance management at every stage. We also plan to contribute to the growth of the security industry by collaborating with other companies in the sector.".

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