Hanwha Solution Cuts Prices on Key Petrochemical Products

*This content was translated by AI.

Hanwha Solution plans to lower sales prices for key petrochemical products, including PE (polyethylene) and PVC (polyvinyl chloride), to support supply chain stability.

This move aims to share cost-saving benefits generated by government support with small and medium-sized customers; Hanwha Solution will reduce prices on major products by 100,000 won to 250,000 won per ton.

Through this price reduction, Hanwha Solution intends to substantially alleviate cost burdens for plastic processing companies and ensure that the effects of government support spread widely to final demand industries. To this end, the company plans to link pricing policies with supply strategies to deliver support that can be felt on the ground.

A Hanwha official who spoke with this newspaper by phone stated, "We have greatly benefited from the government's timely support in response to the sharp rise in naphtha and base oil prices. We will strive to strengthen industrial competitiveness by maintaining a stable supply system."

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*This content was translated by AI.