The president of Hanwha Techwin explains the business and growth plan for 2018

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

With a ceremony to welcome the new year held at its Pangyo R&D center (Corea), the president of Hanwha Techwin Security Business, Youn Chul Kim, explained the company's business plan, based on five values: ethics in business, a good range of products, excellent quality, affordable price and cybersecurity.

As its top manager has pointed out, The company's business plan for the current year involves, first of all and as part of these values, greater focus on specific solutions for vertical markets.

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

The president of Hanwha Techwin, He also highlighted 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.

Besides, It will also strengthen the sales structure with a “strong investment in the Asian and Middle Eastern markets to expand pre-sales and foster relationships with partners and customers”. The company expects a rebound in sales in the American and European markets thanks to several projects in which the new range of Wisenet X cameras have been used. .

“The global market changes so quickly, "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 management of the scenario.. To guarantee competitive advantages we will make strong investments and, at the same time, we will strengthen performance management in each phase. “We also plan to contribute to the growth of the security industry by collaborating with other companies in the sector.”.