Honeywell Turbo Technologies honored for outstanding customer service and innovation
SHANGHAI, March 14, 2012 /PRNewswire-Asia/ -- Honeywell (NYSE: HON), the leading global developer of automotive turbochargers, has received a Best Supplier Award from Weifang Diesel, the largest diesel engine manufacturer in China. Honeywell Turbo Technologies was recognized for its overall service level in 2011, strong technical support, excellent business cooperation, on-time delivery and innovation.
Honeywell was one of only 11 suppliers selected from the more than 350 companies supplying Weifang Diesel, which is located in Shandong, China, and manufactures diesel engines and generators. Honeywell operates its state-of-the-art Turbo Technologies Global Technical Center in Shanghai, with full capabilities to develop and test new turbo technologies and applications for automakers in China. Honeywell also recently announced its plans to operate a second manufacturing facility in China in Wuhan by the end of 2012.
"We are honored to be acknowledged as a best supplier by Weifang Diesel," said David Paja, the vice president and general manager of Honeywell Transportation Systems for China and India. "Our relentless focus on delivering the best products and the best service to our customers is the foundation of our commitment to the Chinese market and its growth."
Given the implementation of more stringent fuel efficiency standards for commercial vehicles in China, turbochargers have become the choice for many OEMs striving to meet societal and regulatory demands. Honeywell expects sales of turbocharged vehicles in China to double from 4 million in 2011 to 8 million in 2016, as turbo penetration increases across all vehicle segments.
As the first foreign company to establish a wholly-owned turbocharger manufacturing facility in Shanghai, China, Honeywell is uniquely positioned to provide innovative turbo technologies delivering both significant fuel efficiency and emissions reductions to automakers in China.
Honeywell Turbo Technologies is the leading automotive turbocharger developer in the world and is a business unit of Honeywell Transportation Systems. As a leading automotive supplier, Honeywell Transportation Systems enhances vehicle performance, efficiency and appearance through state-of-the-art technologies.
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 performance materials. Honeywell has a long history in China that goes back to 1935 when it established the first franchise in Shanghai. Today, all of Honeywell's four Strategic Business Groups are represented in China, and all of them have relocated their Asia Pacific headquarters to China. Over the years, Honeywell has set up subsidiaries and joint ventures in over 20 cities across the country. Honeywell employs approximately 12,000 people in China. For more news and information on Honeywell, please visit www.honeywell.com.cn .
This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements.
