[Alpha Biz=(Chicago) Reporter Kim Jisun] Hanwha will issue green bonds worth up to 240 billion won and expand the production of battery equipment.

According to related industries on the 10th, Hanwha Momentum, an industrial machinery sector, will issue green bonds worth 120 billion won on the 19th and proceed with demand forecasts on the 11th. Depending on the results of the demand forecast, the issuance will be increased to up to 240 billion won.

Hanwha Momentum plans to use all of its green bonds to produce battery manufacturing equipment. The equipment is produced in Changwon factory.

Hanwha sees the electric vehicle battery market as a key growth engine for the future and is pursuing related projects.

In this regard, Hanwha has been actively seeking to secure talent by establishing a secondary battery division last year and recruiting Ryu Yang-sik, former executive vice president of Samsung SDI, as head of its secondary battery division.

 

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