Hanwha joins TIME's fourth annual TIME100 Most Influential Companies list, which spotlights 100 companies making an extraordinary impact around the world. TIME recognized Hanwha for both its expansion into the global defense industry and strong advances in the renewable energy sector.
(Reuters) -The Biden administration is expected to grant a request by South Korea’s Hanwha Qcells to reverse a two-year-old trade exemption that has allowed imports of a dominant solar panel technology from China and other countries to avoid tariffs, two sources familiar with the White House plans said on Wednesday. The news sent shares of solar manufacturers including U.S.-based First Solar higher in afternoon trade. The Qcells request, which has not previously been reported, comes as the company is seeking to protect a pledged $2.5 billion expansion of its U.S. solar manufacturing presence against competition from cheaper Asian-made products.
Hanwha Group (Hanwha) has submitted an indicative offer to the Australian headquartered Austal board to acquire the global business of Austal, via a scheme of arrangement, subject to satisfactory due diligence.