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Hanwha Chemical secures premium lens technology, first in Korea

Collected: 2017.12.22

Distributed: 2017.12.26

Source: Go Direct

South Korea’s Hanwha Chemical Corp. has developed what it calls “premium lens” technology that can make a lens thinner and more transparent for the first time in Korea, a move that is expected to reduce the country’s reliance on imports of expensive, high-quality lenses.

The company announced on Friday that its high-purity xylyl diisocyanate (XDI) producing technology has received certification from the Korean Agency for Technology and Standards (KATS). XDI is a material that has a high index of refraction that more strongly bends light, making lenses thinner and lighter. It also prevents discoloration and thus is widely applicable for premium lenses or display materials.

It is meaningful that Hanwha Chemical has become the nation’s first company to develop the technology exclusively owned by Japan’s Mitsui, an official from the company said. The firm plans to set up an XDI manufacturing facility at the Yeosu Industrial Complex in South Jeolla Province with an aim to commercialize the technology by 2020. The mass production is expected to lower the entry barrier for the Korean companies to the premium lens market and help to reduce the country’s heavy reliance on imports of premium lenses.

As of 1:07 p.m. on Friday, shares of Hanwha Chemical fell 0.83 percent to 29,900 won in Seoul trading.

By Kang Doo-soon and Choi Mira

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