BIZCHINA / Overseas Investment
Honeywell opens new global engineering center
(Xinhua)
Updated: 2007-05-14 17:09
U.S. manufacturer Honeywell International opened a new global engineering
center in the southwestern Chinese city of Chongqing on Monday, which
will offer solutions for a wide range of industries.
The new center, Honeywell (China) Advanced Solutions, is the first of its
kind in China.
China is a very important market for Honeywell, and Chongqing has fast
become an emerging technology hub that offers Honeywell access to highly
skilled technical talent, announced Honeywell Chairman and CEO Dave Cote
at the opening ceremony.
Honeywell is confident that Chongqing is the right location for our new
facility and will quickly become a leader in driving innovation and
continued growth for Honeywell globally, he added.
Honeywell Process Solutions, which delivers automation technologies and
solutions for a wide range of industries including refining, oil and gas,
pulp and paper, mining, minerals and metals, bulk and batch chemicals,
pharmaceuticals and power generation, will be the primary business in the
new facility, company officials have said.
Honeywell International is a 33 billion U.S. dollar, diversified
technology and manufacturing corporation, serving customers worldwide
with a wide array of products and services.
Based in Morris Township, New Jersey, Honeywell's shares are traded on
the New York, London and Chicago Stock Exchanges. It is one of 30
companies that comprise the Dow Jones Industrial Average and is also a
component of the Standard & Poor's 500 Index.
The company began operation in China in 1935 and has established 21 joint
ventures and wholly-owned subsidiaries across 13 cities.
In 2003, Honeywell moved its Asia-Pacific corporate headquarters to
Shanghai, launching a Shanghai-based R&D center the following year, with
an investment of 80 million U.S. dollars.
Currently, the company invests more than 500 million U.S. dollars in
China, employing almost 5,000 people.
(For more biz stories, please visit Industry Updates)
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