Various stories brought to you by Hyosung Advanced Materials
A total of 88 articles have been added for reading.
Hyosung Advanced Materials participates in the “Seoul ESG CEO Pledge” at the 18th B.E.S.T Forum CEO Pledging Ceremony. Hyosung Advanced Materials participated in the “18th B.E.S.T Forum CEO Pledging Ceremony” which aims to promote sustainable innovation and ESG management in the industry. Hwang Jungmo, CEO of Hyosung Advanced Materials, said “We will continue to pursue ESG management and take the lead in providing responsible leadership to stakeholders.“ as a pledge of "Seoul ESG CEO Declaration".
Hyosung Advanced Materials received the Carbon Management Honors Club and Carbon Management Sector Honors at the 2020 CDP Climate Change Response/Water Management Awards held at Hotel Glad Yeouido on April 28. Hyosung was given the Carbon Management Sector Honors.The Carbon Management Sector Honors award is given based on CDP’s evaluation to companies with the highest rating in the sector. Hyosung Advanced Materials and Hyosung received A and A- ratings, respectively, in the raw material sector.Hyosung Advanced Materials in particular was honored with the Carbon Management Honors Club, which is given to the top five companies, for having received the highest score regardless of industry.London-based NGO CDP (Carbon Disclosure Project) discloses the climate change strategy, greenhouse gas emission information, and carbon management strategy of major listed companies in 91 countries to provide the assessment data to leading financial institutes such as pension funds. The CDP score, along with the Dow Jones Sustainability Index and FTSE4GOOD (Socially Responsible Investment Index), is the most respected indicator for the evaluation of climate change response, an area of corporate sustainability management. More than 9600 companies worldwide participated in the 2020 CDP evaluation of environment management. As a result of the CDP evaluation for 2020, the CDP Korea Committee selected 18 out of 200 domestic companies for Carbon Management Sector Honors. The award is in recognition of the company’s preemptive efforts to respond to climate changes. Hyosung and Hyosung Advanced Materials establish and implement the green management strategy, including response to climate changes, through the specialized Committee directly led by the top management. They have made every effort to invest in eco-friendly facilities and systems and apply eco-friendly processes and engineering to minimize the impact of manufacturing on the environment. Moreover, each business division has led the development of lightweight products and eco-friendly materials to reduce greenhouse gas emissions at the use stage.“As a global materials company with the world's leading products, we intend to expand the emission management domain not only in Korea but also overseas subsidiaries. We will use this award as an opportunity to establish ourselves as a leading company in carbon reduction through active emission reduction activities,” said Hwang Jeong-mo, CEO of Hyosung Advanced Materials.
Hyosung Advanced Materials sponsored a celebration for the Day of Persons with Disabilities at the “Young Nak Aenea’s Home” a residential facility for people with severely disabled on April 20th. Various events were held for residents including cooking competitions, air-bounce, and prize draws, making it a meaningful time. Hyosung Advanced Materials have been supporting “Young Nak Aenea’s Home” since 2014 with regular meal helper activities and sports activities on the Day of Persons with Disabilities.Although face-to-face volunteer work has been suspended due to Covid-19, we continue our beautiful relationship by delivering donations and providing daily necessities.
Hyosung Advanced Materials supported the 13th Gwangju Biennale being held from April 1 to May 9 by providing carpets for exhibition halls. The carpet support by the company for the 13th Gwangju Biennale followed that for the 12th Gwangju Biennale in 2018. Hyosung’s product was installed in the Biennale’s exhibition halls and the National Gwangju Museum and modern artwork exhibitions by Korean and foreign artists. Hyosung Advanced Materials provided 1,034 square meters (about 313 pyeong) of high-density roll carpet produced with the special processing of durable nylon. Proving its utility in the exhibition halls, which needed special floor materials due to the requirements of the exhibition space and works to facilitate video playing by minimizing noise, the carpet was well-received by artists and visitors alike. The product donated by Hyosung is the Swan Carpet produced by Hyosung Advanced Materials’ Interior PU, which has the largest market share in Korea. It is widely used as commercial carpets in commercial facilities such as hotels, wedding halls, and office buildings and as automobile carpets.“The carpet support by Hyosung Advanced Materials helped the Gwangju Biennale exhibit high-quality works. We are very happy to build a comfortable exhibition environment for the Gwangju Biennale visitors to immerse themselves in artworks,” a Gwangju Biennale official said. Hyosung Advanced Materials has recently produced the carpets supplied to a wide range of vehicle models. They were recognized as the highest-quality product in the automobile carpet market, which requires sound absorption function and lightweight property. Hyosung leads the eco-friendly market by developing bio carpets using sugarcane as raw material and recycled carpet by recycling resources and supplying them to electric vehicles and hydrogen vehicles.
Hyosung Advanced Materials signed on April 2 a contract with Hanhwa Solutions to supply reinforced carbon fiber used in high-pressure containers for the long term.The company announced that it signed a long-term contract to supply reinforced carbon fiber to be used for strengthening fuel tanks in hydrogen vehicles for six years beginning 2021. The total supply is worth about 160 billion won.Hyosung Advanced Materials secured stable order volume with a major customer through this contract and expected continuous growth in the carbon fiber sector. Although Japan and US currently dominate the carbon fiber market, Hyosung Advanced Materials’ carbon fiber developed with fully domestic technology has been supplied to major global high-pressure container manufacturers for several years based on its superior high-strength physical properties compared to rival products. Carbon fiber is used in CNG (Compressed Natural Gas) fuel tanks or hydrogen fuel tanks in automobiles due to its safety and eco-friendliness. Fuel tanks apply reinforced carbon fiber due to the need to inject gas at high pressure in hundreds of atmospheric pressure. They feature lighter weight, leading to improved driving performance and reduced exhaust compared to conventional metallic tanks. Because of its characteristics of high-strength, highly elastic, and lightweight, the application of carbon fiber is expected to expand to urban aerial mobility (UAM), aerospace, and fuel tanks for ships. Hyosung Advanced Materials began developing carbon fiber in 2008 and commenced production in its Jeonju Plant in 2013 while launching the carbon fiber brand TANSOME®. The company plans to invest one trillion won in the Jeonju Plant to secure carbon fiber production capacity of 24,000 tons per year by 2028. The plant currently has an annual production capacity of 4,000 tons. “Carbon fiber is a key material needed to cope with climate change and promote the hydrogen economy. We plan to implement safe, clean new mobility with the carbon fiber material technology,” said Hyosung Advanced Materials CEO Hwang Jeong-mo.
Hyosung Advanced Materials strongly agrees with the purpose and activities of the ‘Business Integrity Society’, which was founded by the United Nations Global Compact Korea Association and the Korea Social Responsibility Investment Forum. Hyosung Advanced Materials participated in the pledge to create an anti-corrupt business environment."We will continue to strive to create a fair and transparent society and strengthen our corporate competitiveness based on ESG management." said Hwang Jungmo, CEO of Hyosung Advanced Materials. Hyosung Advanced Materials will continue to make efforts to strengthen our sustainability by actively fulfilling our responsibilities to our stakeholders.