South Korea’s Hanwha Solutions has established a Wire & Cable (W&C) Division, a strategic move aimed at producing high value-added products that will compete in a field that has significant growth potential.

Per multiple media reports, Hanwha Solutions announced that the new division was created by separating its organization from the Polyolefin (PO) Division within Hanwha Solutions’ Chemical Division, which now consists of three divisions: PO, Chemical Engineering (PVC) and W&C.

The company named Carlo Scarlata, former CCO of Prysmian, to lead the new W&C Division. He has more than 20 years of experience in sales and business development with Prysmian. His background includes managing businesses in Europe, U.S., Brazil, China and Australia, and he is expected to play a crucial role in expanding Hanwha Solutions’ presence in overseas markets.