China Takes Big Step Forward in IP Protection
SHANGHAI, China, Feb. 6 /PRNewswire-Asia/ -- The Fujian Xiapu County Court recently issued a landmark criminal conviction against the Xiapu Huafeng Factory after finding the factory and its legal representative guilty of counterfeiting Honeywell's "Bendix" trademark as well as brands of several other international companies. The conviction carries a criminal fine of RMB 1.15 million (USD $170K) against the factory and a sentence of 3 years in jail (with 4 years of probation) against its legal representative, and a fine of RMB 650,000 (USD $95K). The combined RMB 1.8 million in criminal fines is one of the highest levied on any convicted trademark counterfeiter in Chinese history.
The Huafeng Factory was first raided by Chinese government officials in 2006, resulting in the confiscation of 12,560 counterfeit "Bendix" brake pads. Honeywell markets its brake pads under the Bendix brand around the world.
"We are pleased with the conviction and the corresponding punishment levied by the Chinese judicial system in this case. The actions taken by the Chinese government will ultimately benefit consumers by stopping the manufacturing of counterfeit brake pads," said Shane Tedjarati, President and CEO of Honeywell China and India. "Honeywell's customers in China and around the world value our products, largely due to the technologies and brands that we legitimately own. This ruling showcases China's determination to enforce the IPR protection, which will enhance Honeywell's long-term commitment to growing in China with state-of-the art technologies and know-how."
Honeywell International is a $37 billion 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 additional information, please visit http://www.honeywell.com .
