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News

Honeywell celebrates opening of new Asia/Pacific headquarters

Honeywell Specialty Materials : 18 November, 2004  (Company News)
Honeywell has officially opened its new Asia/Pacific headquarters and technology/R&D centre in the Zhang Jiang High-Tech Park in the Pudong New Area of Shanghai, China.
Honeywell has officially opened its new Asia/Pacific headquarters and technology/R&D centre in the Zhang Jiang High-Tech Park in the Pudong New Area of Shanghai, China.

Encompassing more than 15 000 square meters (161,500 square feet) of floor space, the new complex is home for a wide range of Honeywell operations, including its Asia/Pacific corporate headquarters, which is relocating from the Puxi area of Shanghai.

The buildings also house the Asia/Pacific headquarters of three of Honeywell's strategic business groups -- Automation & Control Solutions, Specialty Materials and Transportation Systems. Also on site are development laboratories for Specialty Materials, a software development laboratory, a major testing centre for engines and turbochargers, and Global Business Services, which provides all manner of administrative support services for Honeywell activities throughout Asia/Pacific.

Making use of the wealth of talent available in China, the software laboratory will undertake engineering, design and development work for Honeywell's businesses worldwide.

“We are delighted to announce the grand opening of Honeywell's new facilities in Shanghai,” said Shane Tedjarati, President, Honeywell China. “This is a major milestone, marking a further expansion of our commitment to China. When all construction is completed, this complex will have the capacity for as many as 2500 employees, and we will have invested nearly US$80 million in buildings, land and equipment to support our growing business in China and the region.”

Nance Dicciani, President and Chief Executive Officer of Honeywell's Specialty Materials Business Unit, said: “China is certainly an important market and manufacturing site for our products, but it is also an important source of technological knowledge. To continue growing globally, we will further leverage the tremendous talent and resources available in China.”

“For example, we are also working with Chinese universities to develop talent for high-technology jobs in China,” Dicciani added. “Honeywell has nearly US$300 000 budgeted in the current fiscal year for funding scholarships at 12 Chinese institutions of higher learning.”

Honeywell began trading in China 1935. It now has annual revenues of approximately US$500 million from the country, along with 29 facilities and approximately 4000 employees in 13 Chinese cities. Honeywell moved its Asia/Pacific corporate headquarters to Shanghai in 2003, and it now has nine facilities and 1200 employees in Shanghai alone.

Over the years, Honeywell has established more than 20 joint ventures and wholly owned companies in China. In 1983, it was one of the first multi-national companies to open an office Beijing, and it established a Technology Solutions Laboratory -- one of only four worldwide -- in Beijing in 2002.

In August 2004, the company also announced that it is building a manufacturing plant for non-ozone depleting refrigerants in Shanghai. In addition, Honeywell's Automation & Control Solutions business has increased its localization in China eightfold in the last six years.
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