Honeywell plans to gain strength in Asia
Honeywell plans to strengthen capbilities in india which will compliment existing reserch center in shangai. Honeywell announced today that it will establish a new technology center in Gurgaon, India, to expand its global research capabilities in refining, petrochemical and other technologies in order to better serve customers in the region.
“This center will allow us to conduct development closer to our end customers, while at the same time tapping the recognized engineering talent of India,” said Andreas Kramvis, president and CEO of Honeywell Specialty Materials. “It will strengthen our product and process commercialization capabilities globally, but especially in Asia, where it will complement our existing research center in Shanghai, China.
The company will invest $34 million to establish the 400,000 square-foot center at an existing Honeywell-owned property. The center will chiefly house pilot plants for developing and demonstrating refining and petrochemical process technology developed by UOP, a Honeywell subsidiary that is part of Honeywell’s Specialty Materials business group.
The center will also include labs for process and applications development for other Specialty Materials technology areas, which will include fluorine products and nylon materials. The center is expected to employ 100 within five years.
The center will be managed by UOP India Private Ltd., a wholly-owned subsidiary of UOP that has an existing 250-person process technology engineering center in Gurgaon. UOP is a recognized global leader in developing and licensing process technology used in refining and the production of petrochemicals and renewable fuels.
Honeywell earlier this year opened a $50 million research, development and engineering facility in Bangalore, India, the second Honeywell research and development facility in that city, to support Honeywell businesses.
Honeywell Specialty Materials is a global leader in providing customers with high-performance specialty materials, including fluorine products; specialty films and additives; advanced fibers and composites; intermediates; specialty chemicals; electronic materials and chemicals; and technologies and materials for petroleum refining and petrochemical production.
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