President, Materials Business
Apply NowCompany: HANWHA AEROSPACE USA LLC
Location: Cheshire, CT 06410
Description:
Company background:
Hanwha Aerospace is the only aircraft engine producer in South Korea and trusted in the global market for our original application technologies.
In 1977, Hanwha Aerospace began by building businesses in the aircraft engine and film camera industry. Since then, we've aggressively invested in research to develop our technologies in optics, video, and military aircraft engines. We've then expanded into aircraft components and commercial engine parts business. To evolve as we have, we've had to successfully develop top-tier and original application technologies that gave us the competitive edge needed for our businesses around the globe. And as our technologies advanced, so did our expertise and our ability to not only meet the changing market demands but also anticipate them.
As South Korea's only manufacturer of gas turbine engines for the last 40 years, we have been in a fortunate position to capitalize on all the opportunities to build a powerful business in aerospace. We now provide a range of aircraft components and gas turbine engine solutions that our nation needs and those that are also desired by markets all over the world. In 2015, we began a partnership with UTAS, a company in Turkey, to export aerospace parts. In the same year, our aerospace maintenance business also signed a memorandum of understanding with GE. In 2016, we became a trusted partner in the global aircraft industry when we entered a contract with the United States' Pratt & Whitney to operate a joint venture with Singaporean manufacturing company. Our partnership with Pratt & Whitney is a Risk and Revenue Sharing Partnership (RSP) to co-build the next-generation aircraft engine. This partnership represents our joining the ranks of other leading aircraft engine manufacturers of the world. In 2017, we established a production base in Vietnam to improve our cost competitiveness and increase production capacity. In 2019, we acquired EDAC Technologies, the US aircraft engine component manufacturer, and launched Hanwha Aerospace USA to expand our product portfolio and leverage high-end processing technology.
In 2021, we entered the satellite business through the acquisition of Satrec Initiative, a domestic satellite specialist. As a key company behind "Space Hub," Hanwha's foray into the space industry, we will actively promote R&D investment and talent recruitment across multiple aerospace businesses.
We're in an industry that sees changes great and fast but despite them, we've continuously achieved great successes and we remain committed to becoming the top global partner in aviation engine parts. Our strategy is simple: We anticipate the ever-changing markets and address them through continuous development of technology with a focus on quality. Embracing the promise of the New Space Age, we will continue our efforts to establish the space industry value chain, including launch vehicle engines, while providing total solutions for the industry.
Job Summary:
The President Material business will be responsible for strategy establishment, and strategic initiatives execution for stand-alone business of materials (Nickel, titanium alloy etc.) for Hanwha Aerospace (and partially supporting other business groups such as Aero Engines Business Group)
Industry:
Specialization:
Responsibilities:
Experience/Skills required:
Basic Qualifications:
Education: Bachelor of engineering or Business Administration
Hanwha Aerospace is the only aircraft engine producer in South Korea and trusted in the global market for our original application technologies.
In 1977, Hanwha Aerospace began by building businesses in the aircraft engine and film camera industry. Since then, we've aggressively invested in research to develop our technologies in optics, video, and military aircraft engines. We've then expanded into aircraft components and commercial engine parts business. To evolve as we have, we've had to successfully develop top-tier and original application technologies that gave us the competitive edge needed for our businesses around the globe. And as our technologies advanced, so did our expertise and our ability to not only meet the changing market demands but also anticipate them.
As South Korea's only manufacturer of gas turbine engines for the last 40 years, we have been in a fortunate position to capitalize on all the opportunities to build a powerful business in aerospace. We now provide a range of aircraft components and gas turbine engine solutions that our nation needs and those that are also desired by markets all over the world. In 2015, we began a partnership with UTAS, a company in Turkey, to export aerospace parts. In the same year, our aerospace maintenance business also signed a memorandum of understanding with GE. In 2016, we became a trusted partner in the global aircraft industry when we entered a contract with the United States' Pratt & Whitney to operate a joint venture with Singaporean manufacturing company. Our partnership with Pratt & Whitney is a Risk and Revenue Sharing Partnership (RSP) to co-build the next-generation aircraft engine. This partnership represents our joining the ranks of other leading aircraft engine manufacturers of the world. In 2017, we established a production base in Vietnam to improve our cost competitiveness and increase production capacity. In 2019, we acquired EDAC Technologies, the US aircraft engine component manufacturer, and launched Hanwha Aerospace USA to expand our product portfolio and leverage high-end processing technology.
In 2021, we entered the satellite business through the acquisition of Satrec Initiative, a domestic satellite specialist. As a key company behind "Space Hub," Hanwha's foray into the space industry, we will actively promote R&D investment and talent recruitment across multiple aerospace businesses.
We're in an industry that sees changes great and fast but despite them, we've continuously achieved great successes and we remain committed to becoming the top global partner in aviation engine parts. Our strategy is simple: We anticipate the ever-changing markets and address them through continuous development of technology with a focus on quality. Embracing the promise of the New Space Age, we will continue our efforts to establish the space industry value chain, including launch vehicle engines, while providing total solutions for the industry.
Job Summary:
The President Material business will be responsible for strategy establishment, and strategic initiatives execution for stand-alone business of materials (Nickel, titanium alloy etc.) for Hanwha Aerospace (and partially supporting other business groups such as Aero Engines Business Group)
Industry:
- Special Alloys Business: Nickel Alloys, Titanium Alloys, Stainless Steel
- Raw materials: Mills, Castings, Forgings,
- Applications: Aero-Engines, IGTs, Oil & Gas, others
Specialization:
- New business model build-up (Both greenfield and brownfield approach)
- Material business financial modelling
- Operational excellence of raw materials business in Aero engines and IGTs
Responsibilities:
- Lead the business strategy and operation of stand-alone materials business
- Analyze and execute organic, inorganic business models
- Secure facilities/sites essential for optimizing the promotion of materials business (Within US)
- Identify potential acquisition targets (within and outside US) and lead Post-merger-integration of acquired sites/facilities
- Promote synergy by working closely with Aero-Engines Business Group for optimal supply chain, including MRO, parts manufacturing repair
- Review investment in casting/forging facilities, such as adoption of automation technologies
Experience/Skills required:
- More than 20 years of operations, sales and business experiences in materials business
- Planning skill to build new metallic material production site and equipment
- To understand the metallic material business market trend
- Leadership skills to build and manage multi-national teams
Basic Qualifications:
Education: Bachelor of engineering or Business Administration