HANWHA AZDEL, Inc.
Hanwha Azdel, Inc. manufactures Light-Weight Reinforced Thermoplastic (LWRT) composite sheets for automotive OEMs, recreational vehicle makers, and commercial transportation, construction, and power sports customers, supplying glass-fiber-reinforced thermoformable substrates that deliver 50–60% weight savings versus injection molding.
- Company typePrivate
- Founded1972
- HeadquartersForest, United States
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What HANWHA AZDEL, Inc. does
Hanwha Azdel, Inc. is a Forest, Virginia-based manufacturer of Light-Weight Reinforced Thermoplastic (LWRT) composites, originally incorporated in 1972 as PPG Azdel and integrated under South Korea's Hanwha Group via the 2007 acquisition of Hanwha Advanced Material (renamed Hanwha Azdel Inc. in 2011). The company produces glass-fiber-reinforced, low-pressure thermoformable composite sheets made from plastic resin combined with long chopped fiber and outer layers including adhesive film, barrier film, and non-wovens. Its product family — SuperLite (55% GF), SuperLite XLT (40% GF), XtraLite (45% GF), RVXA (55% GF), FRX (fire-rated, ASTM E84-Class A), SuperLite S25 (25% post-consumer recycled), and the Azdel Onboard RV system — is supplied across areal weights of 450–2,000gsm and thicknesses of 1.5–12mm, achieving 50–60% weight savings versus injection-molded parts at typical densities of 0.3–0.6 g/cm³.
The company operates as a Tier-2 supplier into a diversified customer base: Automotive OEMs and Tier-1 suppliers (primary, for trunk interiors, door panels, structural components, headliners, underbody), Recreational Vehicle manufacturers (primary, for sidewalls, ceilings, roofs, floors via Azdel Onboard), Commercial Transportation, Building & Construction, and Power Sports & Off-Road Equipment. Distribution is direct B2B enterprise field sales, supported by a Customer Focus Center in Warren, MI and an Indiana RV Office in Elkhart, with global reach provided through Hanwha Group's network in Germany, Malaysia, China, Korea, and Vietnam. Pricing is quote-based, weight and specification-driven, with no public disclosure.
Manufacturing has been progressively expanded through five commissioned SuperLite lines (Lines #2-#5 added 2002, 2004, 2012, 2016), the addition of the EcoLite regrind line in 2017, and a 12-acre land purchase in 2018 for future capacity. Operations are ISO 9001 certified and the company participates in Appalachian Power's 100% Renewable Wind-Water-Sunlight program. Hanwha Azdel is a privately held subsidiary within Hanwha Group (Fortune Global 500, 7th-largest South Korean conglomerate) and does not publicly disclose revenue.
HANWHA AZDEL, Inc. firmographics
Firmographics- Name
- HANWHA AZDEL, Inc.
- Legal name
- Hanwha Azdel, Inc.
- Website
- https://azdel.com
- Company type
- Private
- Founded year
- 1972
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Hanwha Azdel, Inc. manufactures Light-Weight Reinforced Thermoplastic (LWRT) composite sheets for automotive OEMs, recreational vehicle makers, and commercial transportation, construction, and power sports customers, supplying glass-fiber-reinforced thermoformable substrates that deliver 50–60% weight savings versus injection molding.
- Ownership category
- akta.pro rank
HANWHA AZDEL, Inc. industry classification
Industry- Product category
- Light-Weight Reinforced Thermoplastic Composites
- NAICS
- Laminated Plastics Plate, Sheet (except Packaging), and Shape Manufacturing (326130)
- SIC
- Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821)
- akta.pro primary industry
- FRP/GRP & Composite Materials (Resins, Fibers, Core Materials) (IMAJAKAC)
- akta.pro secondary industry
- Thermoformed Automotive & Transportation Components (IMANAHAE)
Keywords
Where HANWHA AZDEL, Inc. is headquartered
LocationHeadquarters
- HQ city
- Forest
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
HANWHA AZDEL, Inc. business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Thermoplastic Composite Materials Sales: Sale of Light-Weight Reinforced Thermoplastic (LWRT) sheet materials to automotive, commercial transportation, RV, building & construction, and power sports manufacturers. Products sold include SuperLite, SuperLite XLT, XtraLite, RVXA, and FRX product lines in various weights and configurations.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
HANWHA AZDEL, Inc. product offering
Product offeringCore offering
Hanwha Azdel manufactures Light-Weight Reinforced Thermoplastic (LWRT) composite sheet materials for automotive, commercial transportation, recreational vehicle, building & construction, and power sports manufacturers. Products are thermoformable composites of plastic resin and long chopped fiber offered in glass fiber contents of 40-55% and areal weights from 450gsm to 2000gsm, delivering 50-60% weight savings versus injection molded parts. The portfolio includes SuperLite, SuperLite XLT, XtraLite, RVXA, FRX (fire-rated), SuperLite S25 (with recycled content), and the Azdel Onboard Composite solution for RV applications.
Product overview
Hanwha Azdel is a manufacturer of Light-Weight Reinforced Thermoplastic (LWRT) composite materials for the automotive, commercial transportation, building & construction, power sports, and recreational vehicle (RV) industries. The product portfolio centers on thermoformable composite sheets made from plastic resin and long chopped fiber, available in various glass fiber (GF) content levels and areal weights from 450gsm to 2000gsm. Core products include the SuperLite® family (S25 with 25% recycled content, SuperLite®, SuperLite® XLT), XtraLite®, RVXA, and FRX® (fire-rated). These materials serve as substrates for applications including RV sidewalls, ceilings, floors, and automotive interior/exterior components. Azdel Onboard® Composite is the branded solution for RV applications, used in sidewall exterior/interior construction, roofs, and floors as a lightweight alternative to injection molded parts, achieving 50-60% weight savings.
Differentiator
Problem solved
Functional benefit
Brands
- SuperLite: Light-weight reinforced thermoplastic composite with 55% GF, weight range 500-2000gsm. Includes SuperLite RVXA variant (55% GF, 675-1670gsm) and SuperLite XLT Xtralite (40% GF, 450-1200gsm).
- XtraLite
- FRX
- EcoLite
- Azdel Onboard
Products and services
- SuperLite® High-performance Light-Weight Reinforced Thermoplastic (LWRT) composite containing 55% glass fiber, designed for thermoforming applications requiring high stiffness-to-weight ratio. Available in weight range of 500-2000gsm for automotive, commercial transportation, and industrial applications.
- SuperLite® XLT Light-Weight Reinforced Thermoplastic composite containing 40% glass fiber for structural applications. Available in weight range of 450-1200gsm.
- XtraLite® Light-Weight Reinforced Thermoplastic composite containing 45% glass fiber for thermoforming applications. Available in weight range of 450-1400gsm.
- RVXA Light-Weight Reinforced Thermoplastic composite with 55% glass fiber designed for recreational vehicle applications. Available in weight range of 675-1670gsm.
- FRX® (Fire Rated) Fire-rated Light-Weight Reinforced Thermoplastic composite containing 45% glass fiber. Meets SE/O per SAEJ369 and ASTM E84-Class A fire rating standards. Available in weight range of 550-1600gsm.
- SuperLite® S25 Sustainable Material
- Azdel Onboard® Composite
Quantifiable outcome
- 50-60% weight savings compared to injection molded parts (0.3-0.6g/cm3 vs 0.9-1.1g/cm3 density)
- +4 more outcomes
Companies that use HANWHA AZDEL, Inc.
Customer profileSegments5 records
Ideal customer profiles3 records
HANWHA AZDEL, Inc. technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
HANWHA AZDEL, Inc. partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Appalachian Power CompanyminorHanwha Azdel supports renewable energy resources through participation in Appalachian Power Company's 100% Renewable Wind-Water-Sunlight (WWS) Service, purchasing 100% renewable electric power with zero CO2 emissions. This partnership supports the company's sustainability and environmental stewardship commitments.
Scale indicators5 records
Recent moves7 records
Expansion highlights5 records
HANWHA AZDEL, Inc. competitors and assessment
Company assessmentDirect peers
- SGL Carbon: SGL Carbon produces carbon-fiber-reinforced composites and glass-fiber composites for automotive lightweighting. While biased toward higher-performance carbon fiber, it competes for the same OEM lightweighting programs and is increasingly evaluated against LWRT on cost/performance trade-offs.
- Plasan Sasa: Plasan manufactures fiber-reinforced composite body panels and structural parts for automotive OEMs (GM, Ford, Daimler), including both thermoset and thermoplastic systems. Competes with Hanwha Azdel for lightweight auto components and shares the Tier-1/Tier-2 supplier position with a similar B2B sales motion.
- Core Molding Technologies: Core Molding Technologies produces fiberglass-reinforced plastic (FRP) and SMC composite parts for heavy truck, automotive, and industrial markets using matched-metal compression molding. Serves overlapping customers (Navistar, PACCAR, automotive Tier-1s) and competes on structural/lightweighting applications.
- Quadrant Plastics / Mitsubishi Chemical Advanced Materials: Most direct peer: Quadrant (now part of Mitsubishi Chemical) manufactures GMT (glass mat reinforced thermoplastic) and similar fiber-reinforced thermoplastic composite sheets using analogous long-fiber compounding and thermoforming processes. They compete head-to-head with Hanwha Azdel in automotive interior substrates and industrial applications.
- Continental Structural Plastics (Teijin Automotive): Teijin's CSP division produces Class-A and structural composite panels (SMC, carbon-fiber-reinforced) for automotive OEMs, directly competing in lightweight interior and exterior body panels where LWRT is specified. Comparable customer base (Detroit Three, European OEMs) and similar Tier-2/Tier-1 supply position.
Broad incumbents
- Teijin Limited: Teijin is a broad advanced materials incumbent whose automotive composites operations (Teijin Automotive/CSP) compete with Hanwha Azdel on structural composites; Teijin also supplies aramid fibers and other specialty inputs used in adjacent automotive protective/lightweighting products.
- Magna International: Magna is the largest Tier-1 automotive supplier with Cosma and other divisions producing composite exterior and structural components. While primarily Tier-1, Magna competes with Hanwha Azdel-adjacent solutions for OEMs and can choose to in-source composite substrates historically supplied by specialized Tier-2s.
- SABIC: SABIC is a global petrochemical and specialty plastics giant supplying polypropylene resins and composite materials (including STAMAX long-glass-fiber PP) directly to automotive Tier-1s, competing with Hanwha Azdel at the material system level. Its scale and vertical resin integration make it a structural incumbent.
- Toray Industries: Toray is a global advanced materials conglomerate with automotive composite operations (CFRP, CFRTP) through Toray Advanced Composites. While more focused on carbon fiber, it competes in the same OEM lightweighting decision set and shares Tier-2 supply dynamics with Hanwha Azdel.
- BASF: BASF supplies engineering plastics, polyurethanes, and composite systems for automotive lightweighting through its Performance Materials and Surface Treatment segments, including direct competition in automotive substrates and structural components.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
HANWHA AZDEL, Inc. social profiles
Digital presenceHANWHA AZDEL, Inc. compliance and trust
Trust signalCompliance1 record
HANWHA AZDEL, Inc. financial estimates
Financial estimateRevenue estimate
Valuation estimate
HANWHA AZDEL, Inc. leadership team
Management profileNumber of profiles
Profiles3 records
HANWHA AZDEL, Inc. funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
HANWHA AZDEL, Inc. M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about HANWHA AZDEL, Inc.
What does HANWHA AZDEL, Inc. do?
Hanwha Azdel manufactures Light-Weight Reinforced Thermoplastic (LWRT) composite sheet materials for automotive, commercial transportation, recreational vehicle, building & construction, and power sports manufacturers. Products are thermoformable composites of plastic resin and long chopped fiber offered in glass fiber contents of 40-55% and areal weights from 450gsm to 2000gsm, delivering 50-60% weight savings versus injection molded parts. The portfolio includes SuperLite, SuperLite XLT, XtraLite, RVXA, FRX (fire-rated), SuperLite S25 (with recycled content), and the Azdel Onboard Composite solution for RV applications.
Is HANWHA AZDEL, Inc. a public or private company?
HANWHA AZDEL, Inc. is a private company. It is classified as corporate owned and is currently operating.
When was HANWHA AZDEL, Inc. founded?
HANWHA AZDEL, Inc. was founded in 1972. It employs 101 to 250 people.
Where is HANWHA AZDEL, Inc. based?
HANWHA AZDEL, Inc. is headquartered in Forest, United States, in the North America region.
How does HANWHA AZDEL, Inc. make money?
One revenue line is on record: thermoplastic Composite Materials Sales.
Who are HANWHA AZDEL, Inc.'s main competitors?
Direct peers on record are SGL Carbon, Plasan Sasa, Core Molding Technologies, Quadrant Plastics / Mitsubishi Chemical Advanced Materials and Continental Structural Plastics (Teijin Automotive). Broad incumbents are Teijin Limited, Magna International, SABIC, Toray Industries and BASF.
Does HANWHA AZDEL, Inc. have an API?
No public API is recorded for HANWHA AZDEL, Inc..
What industry is HANWHA AZDEL, Inc. in?
HANWHA AZDEL, Inc.'s product category is Light-Weight Reinforced Thermoplastic Composites. Its primary akta.pro industry code is IMAJAKAC, FRP/GRP & Composite Materials (Resins, Fibers, Core Materials), with a secondary code of IMANAHAE, Thermoformed Automotive & Transportation Components. Its NAICS code is 326130 and its SIC code is 2821.