Hanon Systems said it aims to become the world’s No. 1 thermal management solutions company by 2036, when it marks its 50th anniversary.
The company said it will accelerate expansion beyond its core automotive thermal management technology. It plans to broaden its portfolio by targeting infrastructure industries that need high-efficiency thermal management, including data center cooling systems, where demand has been rising.
Hanon Systems currently supplies automotive thermal management solutions through 50 production plants worldwide and three R&D innovation centers. It is assessed as the world’s No. 2 manufacturer in automotive thermal management and one that offers a full lineup globally.
The company said it plans to position itself not only as a partner to the auto industry but also as a key infrastructure partner across industries that require thermal management technology. It also plans to expand into adjacent growth areas, including the global aftermarket, to strengthen its mid- to long-term growth base.
To mark its anniversary on March 11, Hanon Systems released the message “40 Years Forward.” The company said it reflects its intent to build new growth opportunities in future mobility and other industries that require thermal management, based on technology and innovation accumulated over the past 40 years.
“This 40th anniversary will be more than a commemoration — it will be a new starting point to leap to the world’s No. 1 thermal management solutions company, grounded in execution and healthy fundamentals,” said Lee Soo-il, vice chairman and CEO of Hanon Systems.
* This article has been translated by AI.
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