A local business point at the country's new frontier of next wave of development
URUMQI, China, April 26, 2011 /PRNewswire-Asia/ -- Honeywell (NYSE: HON)today announced the official opening of its first office in the Xinjiang Uygur Autonomous Region, a new frontier for China's development strategy and home to vast natural resources and untapped business opportunities.
Located in downtown Urumqi, the capital city of Xinjiang, the new office will support multiple Honeywell businesses to bring innovative products and solutions to the region for a safer, more comfortable, more secure, and a more energy efficient environment. The new office will not only help Honeywell better serve its existing customers in Xinjiang, but also reach out to a growing customer base as the region gathers pace in economic growth and urbanization. More importantly, with this foot on the ground, Honeywell will be able to gain a more intimate understanding of the local market to better address its unique demands. Customers in Xinjiang and neighboring markets in Central Asia will also enjoy faster and easier access to Honeywell's technologies and services.
Xinjiang is expected to undergo significant transformation during the 12th Five-Year period, with tremendous growth opportunities in areas like infrastructure construction, energy generation and consumption, coal production, and public security. As a global leader in energy efficiency, process automation, building solutions, safety and security systems Honeywell's wide-ranging portfolio and technology strengths fits nicely with Xinjiang’s blueprint.
"The Chinese government has clearly demonstrated its determination to develop the west. Honeywell has heard and heeded this call. We are very pleased to have our Xinjiang office as a vantage point to the new frontier of China’s development, and we expect Honeywell will make significant contributions to the economic and social transformation in this area," Mr. Shane Tedjarati, president and CEO of Honeywell China and India said at the office’s opening ceremony. "The office opening underscores Honeywell's unwavering commitment to China and strong determination to unlock the vast opportunities lying beyond the country’s prosperous eastern coastal corridor."
"Xinjiang is rapidly becoming a magnet for domestic and multinational businesses, with total investment exceeding 100 billion RMB in 2010. We are pleased to see leading, global corporations like Honeywell expand businesses in Xinjiang and expect Honeywell will bring its advanced technologies and rich expertise to Xinjiang," said Mr. Xia Guangtai, Party Secretary, Xinjiang Commission of Commerce.
Honeywell has already been working with its partners on various airport construction and oil and gas projects in the region. In particular, Honeywell Security Group, a world-leading supplier of electronic security technologies has helped several Xinjiang airports including Aksu, Bole and Kuqa airports to meet security demands with its advanced alarm/video surveillance systems. Honeywell Life Safety, with a comprehensive portfolio of fire and gas monitoring and detecting technologies, helped the Xinjiang Tianye Power Plant and the West to East II Gas Pipeline project build a more secure and safer environment. Honeywell Process Solution’s advanced controls, process engineering and optimization solutions have been selected by customers like Xinjiang Meike Chemical Group and PetroChina.
Honeywell International (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services, control technologies for buildings, homes and industry, automotive products, turbochargers, and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.
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