[New Year's Message] Shin Yudong, President of Huvis, "Business Structure Innovation with Eco-Friendly Products"

Strategic Directions Including Core Business Competitiveness Recovery and Business Structure Innovation
New President Kim Geon-ho: "We Will Secure Future Growth Engines"

[Asia Economy Reporter Kim Heeyoon] Huvis, a specialized chemical fiber material company, announced on the 3rd that it held its 2022 opening ceremony online and presented four core strategies including business structure innovation.

On this day, Shin Yudong, President of Huvis, said in his New Year's address, "Last year was a year of various efforts for sustainable growth and development amid internal and external difficulties," adding, "We achieved stable commercialization of LMF (Low Melting Fiber) in the North American market and advanced the commercialization of the biodegradable fiber Ecoen through collaborations with various brands. We also established an integrated production system from recycled raw materials to fibers, thereby enhancing our eco-friendly product portfolio."

He then presented four company-wide strategic directions for 2022: Δrestoring competitiveness of core businesses Δbusiness structure innovation toward eco-friendly and high-performance products Δsecuring future growth engines Δstrengthening ESG management. He also urged strong implementation, including goal-oriented attitudes, changes in work methods, and synergy creation through collaboration to achieve these goals.

Kim Gunho, the 4th generation of Samyang Group and Head of Future Strategy, stated in his greeting, "We will secure future growth engines by generating stable profits from existing businesses while discovering new businesses, and through strategic investments or overseas expansion that can create synergy with existing businesses."

On the same day, Huvis carried out a company-wide organizational restructuring to implement the 2022 core strategies and respond to rapidly changing environmental changes.

They established the ‘Innovation Growth TF’ within the Strategic Planning Office and will focus on securing future growth engines through new business promotion under the leadership of the Head of Future Strategy. Additionally, they plan to further strengthen ESG management based on the establishment of the ‘SHE Planning Office’ and the formation of the ‘ESG Committee.’

Huvis also added that to promote the commercialization of research and development technologies, they established a ‘Technology Team,’ and by creating a new ‘PI Center’ and consolidating overlapping and similar tasks to improve efficiency, they will enhance the competitiveness of core businesses.

This content was produced with the assistance of AI translation services.