HONEYWELL Introduction Honeywell is a Fortune 100 company that invents and manufactures technologies to address some of the world‟s toughest challenges linked to global macro trends such as energy efficiency, clean energy generation, safety and security, globalization and customer productivity. With approximately 132,000 employees worldwide, including more than 22,000 engineers and scientists, we have an unrelenting focus on performance, quality, delivery, value and technology in everything we make and do. In 2002, David M. Cote was named Chairman and CEO of Honeywell. Under his leadership the company focuses on five key initiatives: Growth, Productivity, Cash, People and the company's Enablers - Honeywell Operating System, Velocity Product Development™ and Functional Transformation. During Cote's tenure, Honeywell has delivered strong performance in sales growth, earnings per share, segment profit and cash flow. Today, the company has great positions in good industries globally with approximately 50% of its products and solutions providing energy efficiency benefits. History including year of establishment Key Dates: 1883: Damper Flapper is created by Albert Butz. 1909: First controlled thermostat is created. 1927: Company incorporated as Minneapolis-Honeywell Regulator Company. 1941: Honeywell becomes a major defense contractor during WWII. 1950-1959: Honeywell's advancements in micro switches lead the company to enter the computer market. 1967: The computer division shows a profit for the first time. 1988: The Company focuses on its aerospace divisions to boost company profits. 1999: AlliedSignal and Honeywell merge. 2000: Honeywell's acquisition by General Electric is rejected by the European Union.
Honeywell came into being through the invention of the damper flapper, a thermostat for coal furnaces, by Albert Butz, in 1885 and subsequent innovations in electric motors and process control by Minneapolis Heat Regulator Company tracing back to 1886.Honeywell's history dates back to 1904, when Mark Honeywell, an engineer, started producing heat generators for plumbing and heating applications. Later, in 1906, Mark created Honeywell Heating Specialty Co, which specialized in hot water heat generators. In 1927, Minneapolis-Honeywell Regulator Co was formed as a result of the merger between Honeywell Heating Specialty Co and Minneapolis Heat Regulator Company. Minneapolis-Honeywell Regulator Co manufactured jeweled clocks. Later, it acquired several companies in the controls area including Brown Instrument Co, a global leader for industrial controls and indicators. In 1934, Minneapolis-Honeywell Regulator Co acquired Time-O-Stat Controls
Corporation, which marked the beginning of its global expansion. By 1941, the company had distributors in the regions of Panama, Chile, New Zealand, Trinidad, South Africa and Argentina. The T-86 "Round" thermostats, which was introduced in 1953, is produced till date and used as a decorative article in households. Later, in 1963, the company's name was changed to Honeywell Inc. In 1970, Honeywell and General Electric merged their computer businesses to create Honeywell Information Systems. To cash in on the emergence of personal computers, a new company, Honeywell Bull, was formed in 1986 as a joint venture between Honeywell, NEC Corporation (Japan based) and Compagnie des Machines Bull (France-based). Also, in 1986, Honeywell became the world leader in the integration of avionics systems with the purchase of Sperry Aerospace. However, in 1991, Honeywell withdrew from its computer business. By 1998, Honeywell operated in 95 countries, through 13 joint ventures and 83 wholly owned subsidiaries. In 2002, Conoco I ne awarded a US$1 1.4m Experion Automation contract to support the Magnolia Deepwater Development Project. Autolite (a division of Honeywell), one of the leading producers of aftermarket spark plugs in North America, manufactured its 9-billionth spark plug in the same year. Also, in 2002, Honeywell Friction Materials launched Bendix CT-3 brake pads and the Industry Week magazine chose Honeywell's Warren Plant as one of North America's ten best plants for 2002. In 2004, Honeywell acquired Hymatic Group Ltd (based in the UK), a manufacturer of environmental control systems. The company also announced that it had signed an agreement with Rolls-Royce for the repair of turbine vanes equipped in the turbine engines of Rolls-Royce. Also in 2004, the Indian company, Tata Steel, awarded Honeywell a second major automation project. Honeywell announced that it had acquired Intri-Plex Technologies Inc's Thermal Solutions product line in the same year. In 2005, Honeywell completed many acquisitions including that of UOP LLC, in which Honeywell already had a 50% interest. The company also acquired Novar PIc in the same year. Also in 2005, Honeywell's Electronic Materials business was awarded the 'Supplier Excellence Award' by Infineon Technologies. In February 2006, Honeywell announced the completion of the sale of Indalex Aluminum Solutions to an affiliate of Sun Capital Partners for a sum of US$425m in cash. In March 2006, Honeywell acquired First Technology PIc, an operator of Gas Sensing, Automotive and Special Products. Following this, Honeywell integrated the Gas Sensing business with its Automation and Control Solutions business. In May 2006, Honeywell sold the First Technology Safety and Analysis business to Hg Capital for US$94. 7m. Later, Honeywell sold its First Technology Automotive and Special Products to Sensata Technologies BV for US$90m in November 2006. In March 2007, Honeywell and DuPont announced an agreement to globally accelerate development and commercialization of low global warming (LGW) potential refrigerants for use in the automotive industry. These would meet the new European regulations that come into effect in 201 1 .Honeywell announced the acquisition of the defense logistics leader, Dimensions International, in May 2007. The transaction, worth US$230m, is subject to regulatory requirements. The following month, the company announced delivery of its 1,000th T55-GA71 4A gas turbine engine to the US Army.
In May 2008, Honeywell announced the opening of its Turbo Technologies Engineering and Test Center in Brno, Czech Republic, today. The new turbocharger R&D Center is the fifth facility in the global technical network for Honeywell.
Major milestones in terms of acquisitions/divestitures
1997 – Measurex
2006-BW Technologies
2008 - Norcross Safety Products L.L.C
2008 - AV Digital Audio-Videotechnik GmbH
2008 - Metrologic Instruments, Inc
2009 - RMG
2010 – Akuacom (Demand response)
2010 - E-MON/D-MON
2010 - Matrikon Inc
2011 - EMS technologies
2011 - King's Safetywear Ltd
2012 - Thomas Russell Co
2013 - RAE Systems
2013 - Intermec
Honeywell continuously evaluates the relative strength of each business in its portfolio as to strategic fit, market position, profit and cash flow contribution in order to upgrade the combined portfolio and identify business units that will most benefit from increased investment. Honeywell identifies acquisition candidates that will further the company's strategic plan and strengthen its existing core businesses. Honeywell also identifies businesses that do not fit into its long-term strategic plan based on their market position, relative profitability or growth potential. These businesses are considered for potential divestiture, restructuring or other repositioning actions subject to regulatory constraints. Acquisitions In 1927, Minneapolis Heat Regulator Company and Honeywell Heating Specialty Co. merged to form the Minneapolis-Honeywell Regulator Co., and became the largest producer of high-quality jeweled clocks. W. R. Sweatt became Chairman and Mark Honeywell became President. The company made several acquisitions in the controls area. One of those acquisitions was the Brown Instrument Co., a worldwide leader in the field of industrial controls and indicators.
Products, Developments and Acquisitions (1953-T-86 “Round” thermostat) Minneapolis-Honeywell Regulator Co. leveraged its scientific and engineering talent to transform itself and adapt to changing times. Mass production was perfected and an array of aeronautical equipment broadened the company's product portfolio. In 1942, the company invented the electronic autopilot, which proved to be critically important to the U.S. war effort. In 1953, the company introduced the T-86 "Round" thermostat, which replaced chunky, rectangular models. One of the world's most recognizable designs, it remains in production today and adorns the walls of more households around the world than any other thermostat. In 1954, the company acquired Doelcam Corp., a maker of gyroscopes. Over the next two decades, the company constantly improved gyroscopes, making them more sensitive and precise while reducing their size and weight. In 1957, Minneapolis-Honeywell Regulator Co. purchased a fire detection and alarm firm, the first of many acquisitions that would build its security business into today's global leader. In many North American cities, the red and black "Protected by Honeywell" window stickers and placards became nearly as recognizable as the “Round” thermostat.
Honeywell acquired businesses for an aggregate cost of $438M, $973M, $1,303M, and $468M in 2012, 2011, 2010 and 2009, respectively. For all of the company's acquisitions the acquired businesses were recorded at their estimated fair values at the dates of acquisition. Significant acquisitions made in the years 2009 to 2012 are discussed in the following. In December 2012, Honeywell entered into a definitive agreement to acquire Intermec, Inc. (Intermec) a leading provider of mobile computing, radio frequency identification solutions (RFID) and bar code, label and receipt printers for use in warehousing, supply chain, field service and manufacturing environments for $10 per share in cash, or an aggregate purchase price of approximately $600M, net of cash acquired. Intermec is a U.S. public company which operates globally and had reported 2011 revenues of approximately $850M. The transaction is expected to close by the end of the second quarter of 2013, pending Intermec shareholder approval and following customary regulatory reviews. The acquisition is expected to be funded with available cash and the issuance of commercial paper. Intermec will be integrated into Honeywell's Automation and Control Solutions segment. On October 22, 2012, Honeywell acquired a 70% controlling interest in Thomas Russell Co., a privately-held leading provider of technology and equipment for natural gas processing and treating, for approximately $525M ($368M, net of cash acquired). Thomas Russell's results of operations have been consolidated into the Performance Materials and Technologies segment, with the non controlling interest portion reflected in net income attributable to the non controlling interest in the Consolidated Statement of Operations. During the calendar year 2016, Honeywell has the right to acquire and the non controlling shareholder has the right to sell to Honeywell the remaining 30% interest at a price based on a multiple of Thomas Russell's average annual operating income from 2013 to 2015, subject to a predetermined cap and floor. Additionally, Honeywell has the right to acquire the remaining 30% interest for a fixed price equivalent to the cap at any time on or before December 31, 2015. In December 2011, Honeywell acquired King's Safetywear Limited (KSW), a leading international provider of branded safety footwear. The aggregate value, net of cash acquired, was approximately
$331M (including the assumption of debt of $33M) and was allocated to tangible and identifiable intangible assets acquired and liabilities assumed based on their estimated fair values at the acquisition date. The results from the acquisition date through December 31, 2011 are included in the Automation and Control Solutions segment and were not material to the consolidated financial statements. In August 2011, Honeywell acquired 100% of the issued and outstanding shares of EMS Technologies, Inc. (EMS), a leading provider of connectivity solutions for mobile networking, rugged mobile computers and satellite communications. EMS had reported 2010 revenues of approximately $355M. The aggregate value, net of cash acquired, was approximately $513M and was allocated to tangible and identifiable intangible assets acquired and liabilities assumed based on their estimated fair values at the acquisition date. The results from the acquisition date through December 31, 2011 are included in the Aerospace and Automation and Control Solutions segments and were not material to the consolidated financial statements. In October 2010, Honeywell completed the acquisition of the issued and outstanding shares of Sperian Protection (Sperian), a French company that operates globally in the personal protection equipment design and manufacturing industry. Sperian had reported 2009 revenues of approximately $900M. The aggregate value, net of cash acquired, was approximately $1,475M (including the assumption of approximately $326M of outstanding debt) and was allocated to tangible and identifiable intangible assets acquired and liabilities assumed based on their estimated fair values at the acquisition date. Divestitures In July 2011, Honeywell sold its Consumer Products Group business (CPG) to Rank Group Limited. The sale was completed for approximately $955M in cash proceeds, resulting in a pre-tax gain of approximately $301M and approximately $178M net of tax. The gain was recorded in net income from discontinued operations after taxes in Honeywell's Consolidated Statement of Operations for the year ended December 31, 2011. The net income attributable to the non-controlling interest for the discontinued operations is insignificant. The sale of CPG, which had been part of the Transportation Systems segment, is consistent with Honeywell's strategic focus on its portfolio of differentiated global technologies.
Major horizontal/vertical integration The European Commission (EC) declared in July 2001 the merger between General Electric (GE) and Honeywell “incompatible with the common market” according to the Merger Regulation established in the Council Regulation (EEC) No. 4064/89. The EC based formally its decision to block the merger on two pillars:
The strengthening of the GE dominant positions in the markets for large commercial aircraft engines and for large regional aircraft engines, and the creation a dominant position on the markets for corporate jet engines. The creation of a dominant position in the market for avionics and non-avionics aerospace components, where Honeywell enjoyed a leading position, and in the market for small marine gas turbines.
The main channels by which the merger was going to create and strengthen dominant positions consisted in horizontal overlaps and vertical and conglomerate integration. The combined market share of the merging parties, the influence and leverage of the financial arms of GE, GECAS and GE Capital, and the ability and incentive to bundle products are behind the conclusions of the EC. The end result would be monopolization of some markets (like engines for large regional jet aircraft), vertical foreclosure in engine starters, and foreclosure and eventual exit of rivals of the merger entity. Horizontal Integration
Vertical Integration (Targets, coil sets and Metals) Honeywell is a leading supplier of metals to the semiconductor industry, manufacturing high-purity physical vapor deposition (PVD)/sputtering targets and advanced packaging materials for electrical interconnect. The company supplies targets for a range of metals, including copper, cobalt, aluminum, titanium and tungsten. These metals are primarily used to form the wiring that conducts the electrical current through the circuits within semiconductors. Honeywell‟s advanced packaging materials include copper and tin and are used to electrically connect the chip to the end use device. To ensure a high-quality, consistent and secure supply of metal feedstock, Honeywell is vertically integrated in the production of source materials, with a supply of metals designed specifically for use in the semiconductor industry. The resulting supply chain offers customers better quality control and delivery assurance during times of source material shortages and/or industry ramps. In addition to producing high-purity metals, sputtering targets and advanced packaging, Honeywell supplies a range of materials to the semiconductor industry, including electronic polymers, precision thermocouples and electronic chemicals. Vertically integrated production ensures:
Ultra high-purity Consistent composition of all metal products Commitment to long term success and growth Deep bench Research and Development Help to develop Custom solutions
Pattern of internationalization Global Presence A broad global presence is critical to Honeywell‟s growth and enables us to better understand and address the challenges that our customers face. Continuing our globalization efforts has been a key pillar
of Honeywell‟s Growth Initiative for the past decade, and, today, approximately 55% of our revenues are now generated outside the U.S. Americas Honeywell is headquartered in Morris Township, New Jersey, and we employ more than 69,000 employees in our research and development centers, manufacturing facilities and administrative offices across the region. Throughout the U.S., Mexico, Canada and Brazil we have vast talent resources that are generating significant results every day and innovating on key projects. Examples of major projects include a complete overhaul and modernization of the Los Angeles, CA city wastewater treatment system using integrated Honeywell controls to simplify operations and reduce environmental risks. Honeywell is also working closely with Petrobras in Brazil as it expands its diesel production capacity and commissions new offshore vessels to process natural gas off the coast of Brazil. China Since 1935, China has been critical to Honeywell's growth and innovation strategies. Today, we have around 12,000 employees located in 20 cities, including five major technology centers in Shanghai, Beijing, Tianjin, Nanjing and Chongqing with more than 1,400 scientists and engineers focused on research and development, engineering and design. Our successes in China are many. Honeywell is playing a major role in the growth of China‟s aviation industry, providing fly-by-wire flight controls, wheel and brake systems, auxiliary power units and the inertial reference and air data systems for the new C919 platform from Commercial Aircraft Corporation of China Ltd. (COMAC), and Green Jet Fuel made from Honeywell technology powered the first biofuel flight in the region in 2011. Honeywell has also been selected to develop and implement China's first smart grid pilot project and feasibility study for managing energy use in commercial buildings. India Honeywell's presence in India dates back to the 1930s, when refining technology from Honeywell‟s UOP was commissioned in India‟s very first refinery in the state of Assam. Today, the region is an integral part of Honeywell‟s global growth strategy. With more than 12,000 employees, it operates stateof-the-art engineering and manufacturing facilities in Pune, Guragon, Chennai and Dehradun for automation control solutions, turbochargers, and refining. Honeywell also has global centers of excellence for technology and product development across the region. Honeywell recently developed the world‟s first turbo technology for a 2-cylinder micro-diesel engine, which is helping to drive a new chapter of ultra fuel-efficient micro vehicles for the growing region. Asia Pacific Honeywell continues to build its manufacturing, engineering, and sales capabilities across the Asia Pacific region. Each of our businesses – Aerospace, Automation and Control Solutions, Performance Materials and Technologies, and Transportation Systems – is growing and expanding its operations in this region. Today, we have around 6,000 employees.
Our footprint in this region includes turbo operations in Korea and Japan where we are working with major car and truck manufacturers to provide tailored turbo charging solutions for local markets and global customers, as well as semiconductor manufacturing operations for our Electronic Materials business in Thailand, Korea and Japan. The Honeywell Process Solutions and Building Solutions businesses employ more than 100 engineers and technicians designing automation and control software in our research and development center in Sydney, Australia, and Honeywell‟s UOP has established a design and operations center in Kuala Lumpur, Malaysia to serve oil and gas customers across Southeast Asia. Europe, the Middle East & Africa (EMEA) Today there are more than 32,000 employees representing Honeywell‟s four businesses across Europe, the Middle East and Africa, and our footprint continues to expand. Honeywell has 23 research and development centers in the region that are innovating for key EMEA trends, including smart grid solutions that can cut peak energy use in commercial and industrial facilities and advanced turbos that will help customer to reach new emissions and fuel efficiency standards without compromising on power and performance. As concerns grow over the projected increase in air travel across Europe and the globe, we are utilizing the expertise from our Aerospace and Automation Control Systems businesses to develop a modernized infrastructure that would allow people and aircraft to be moved into, around and out of airports faster, safer and in a more efficient manner – saving time and fuel, and delivering a better experience for travelers. Complying with international trade Controls: Honeywell is committed to compliance with all applicable trade laws. This includes import and export control laws, as well as regulations in the countries where our Company does business. Export control laws govern the transfer of goods, services and technology to another country. Note that export controls govern many types of exchanges of information across national borders, including email transmissions and web access to different servers that could contain export controlled technical data. The U.S. also controls the transmission of certain export controlled technical data to non-U.S.-persons within the United States. Import laws and regulations govern the importation of goods. Such laws ensure only admissible goods enter into the importing country, and that the correct amount of duties and taxes are paid on those goods. Honeywell must maintain, among other things, accurate information on the commodity/nomenclature, commercial value and country of origin of all imported goods. As Honeywell continues to expand globally, those of them who deal with the importation of goods and export-controlled items, technology and services have an obligation to understand and comply with applicable regulations. This includes import and export laws, technology control plans, the conditions and provisos of export license authorizations that may apply to their business or facility and Honeywell‟s International Trade Compliance policy.
Its diversified business portfolio helps the company against uncertain fluctuation systems and specialty materials markets. Its diversified business portfolio helps the company against uncertain fluctuation in any segment during a particular period. However,
increase in raw material prices could adversely affect the operations of the company and reduce its margins. Strengths, Weaknesses, Opportunities and Threats (SWOT) Location of Factors
Internal
TYPE OF FACTOR Favorable
Unfavorable
Strengths
Weaknesses
External
Well diversified portfolio Strong growth in revenues and profits Strong technological capabilities
Relatively low employee productivity Modest presence in emerging markets
Opportunities
Threats
Recent acquisition New contracts and agreements Rising defense spending in the US Increasing popularity of renewable energy
Rising commodity prices Government regulations Economic slowdown in the US and EuroZone
Diversification (both related and unrelated) It is diversified in 1300 sites in 70 countries, with 132000 employees. Its headquarters is in Morristown, NJ, and is a fortune 100 companies. Honeywell sales were $37.7 billion (2012), with 54% sales outside U.S. Honeywell is involved in hundreds of businesses, focused on four major sectors: Aerospace, Performance Materials and Technologies, Automation Control Solutions, and Transportation Systems. Honeywell‟s businesses are not purely related or unrelated. They share some common traits, such as a reliance on electronics and engineering know-how (related), but they also are unrelated in the customer segments they serve and the manufacturing technologies they use. By organizing their hundreds of products into just four sectors, Honeywell is able to offer a bundle of related products to customers within each segment. Across segments, Honeywell primarily benefits from reducing duplication in corporate functions, such as payroll. Honeywell‟s size also leads to increase brand name reputation. Finally, Honeywell benefits to some extent from sharing knowledge across segments.
The 4 major sectors: Aerospace Honeywell Aerospace mechanical and electrical product offerings are used today on virtually every commercial and defense related aircraft platform. The division invents and integrates thousands of products and services that deliver safe, efficient, productive and comfortable experiences worldwide. (Phoenix, AZ headquarters$12 billion 2012 sales) Products:
Integrated avionics and communications systems Propulsion and mechanical systems and components Conditioned-based maintenance, logistics, and flight management services Full-service solutions for airliners, business and general aviation aircraft, military aircraft, rotorcraft, and spacecraft
Automation and Control Solutions Honeywell environmental controls, life safety, security, sensing, scanning, and mobility products, as well as building and process solutions, are at work in homes, buildings, industrial facilities, and public and private utilities around the world. (Minneapolis, MN headquarters$15.9 billion 2012 sales). Products:
Building control systems; energy management and services Control systems for continuous process industries; advanced solutions Home comfort; building controls; combustion; wiring devices Fire alarm systems; gas detection; personal protective equipment; remote health monitoring alarm systems; access control/video; low-voltage distribution (ADI); cable and custom electronics Automatic identification and data collection Sensors; switches; mission-critical applications
Performance Materials and Technologies Honeywell is a global leader in developing and manufacturing high-purity, high-quality performance chemicals and materials. Our technologies can reduce emissions, stop bullets, enable the production of cleaner, more efficient fuels, increase capacity in oil refineries, speed drug discovery and protect medicines.( Morristown, NJ headquarters $6.2 billion 2012 sales). Products:
Process technology, equipment, catalysts, adsorbents, and services for the refining, petrochemical, and natural gas industries Fluorine technology, including non-ozone-depleting and low global-warming-potential refrigerants and blowing agents
Specialty films, additives, and chemicals Advanced fibers and composites for armor and industrial applications Intermediate products, including nylon feedstock caprolactam, nylon resin, ammonium sulfate fertilizers, and chemical intermediates. Electronic materials and chemicals
Transportation Systems Honeywell Transportation Systems provides world-class technologies and solutions to automakers, their suppliers and consumers. Our technologies enhance the performance and efficiency of passenger and commercial vehicles worldwide. (Rolle, Switzerland headquarters$3.6 billion 2012 sales) Products:
Turbochargers for passenger vehicles (gasoline, diesel, CNG, and hybrid), medium- and heavyduty trucks, and off-highway, heavy-duty equipment Braking materials and brake pads for cars, commercial vehicles, and rail applications
Joint ventures The first office outside the U.S. was established in Toronto, Canada. Its first European subsidiary was established in the Netherlands the same year, and, within a few years, offices were opened in London and Stockholm. By 1941, The company had distributors in Chile, Panama, Trinidad, New Zealand, Argentina, and South Africa. By 1972, it operated 25 wholly-owned subsidiaries, 142 branch offices, and joint ventures in five countries outside the U.S. In 1993, the company opened affiliates in Abu Dhabi, China, Oman, Romania, and the Ukraine. By 1998, the company had operations in 95 countries through 83 wholly-owned subsidiaries and 13 joint ventures. In 1955, a joint venture called Datamatic Corporation was established with Raytheon Corp. marking Honeywell's entry into the computer business. The company's first computer system, the D-1000, weighed 25 tons, took up 6,000 square feet, and cost $1.5 million. In 1986, the personal computer emerged and the company formed Honeywell Bull, a global joint venture with Compagnie des Machines Bull of France and NEC Corporation of Japan. Its ownership level was gradually decreased until, in 1991, Honeywell was no longer in the computer business.
Strategic alliances and strategic outsourcing choices Strategic Alliances: ASM Abnormal Situation Management (ASM) is a group of leading companies and universities involved with process industries that have jointly invested in research and development to create knowledge, tools and products designed to prevent, detect and mitigate abnormal situations that affect process safety in the control operations environment.
Dell Honeywell and Dell work together to ensure that users achieve the cost reduction benefits of Dell‟s state-of-the-art commercial off-the-shelf equipment, while fully meeting the specialized availability, reliability and lifecycle needs of Honeywell‟s control systems. IBM Honeywell and IBM have collaborated for many years to deliver high value projects to users. IBM Global Business Services and Honeywell provide an innovative combination of leading ERP system integration skills (IBM) and Manufacturing Execution Systems (Honeywell). Krohne KROHNE ranks among the world„s leading companies in flow and level measurement technology. Honeywell has partnered with Krohne in the area of field instrumentation. Along with Honeywell brand products, Krohne offers complimentary additions in flow and level measurement that makes Honeywell‟s Field Instrumentation portfolio complete. LSIS LSIS is the leading solutions provider of automation system and industrial electric power in Korea since its establishment in 1974. Honeywell and LSIS‟ joint partnership provides users with high-quality controller products and services in the automation industry. Microsoft Honeywell and Microsoft have a deep technology partnership to make effective use of the latest applications. Microsoft invests in Honeywell to accelerate the adoption of Microsoft technology in the process industries. PAS Honeywell partners with industrial technology provider PAS Inc. to offer the Honeywell Automation Change Manager, an electronic database management and documentation system that allows industrial plant personnel to document and track changes across various Honeywell and third-party automation systems. SAP Honeywell and SAP work together to build joint solutions for process industries that use both enterprise and plant data to improve decision making. These solutions pertain to the development and deployment of new assets or the efficient and sustainable operation of existing assets. VMware Honeywell partners with VMware to bring the benefits of virtualization to a range of Honeywell products and meet the demanding needs of the process control industry. Honeywell is able to supply VMware powered virtualization solutions across its Small Systems, SCADA and Advanced Solutions products.
Strategic Outsourcing Choices:
CSR element of the company Building on a century long tradition of corporate citizenship, Honeywell‟s efforts focus on societal needs that align with its heritage: Science and Math Education, Family Safety and Security, Housing and Shelter, Humanitarian Relief and Environment and Sustainability. The program has a strong presence in India:
The School Fire Safety Program with the Fire Safety Association of India has reached 56,200 children across 71 schools from 2009-11 in Delhi, Mumbai, Bangalore, Chennai and Pune
The Honeywell Aero Club program launched with 40 students at Air Force Bal Bharti School, Delhi, will expand in other Indian cities provides teaching, airplane kits and awards – aimed at nurturing the next generation of aviation engineers for India Every year ~20,000 individuals in India are assisted by the unique Native Village Adoption program
An annual average of 20 Honeywell Science Laboratories are being set up in rural schools
Honeywell helped fund the construction of 375 houses for Tsunami victims in Tamilnadu and Puducherry
The Honeywell Nobel Initiative, which connects university students with Nobel Prize recipients was launched in India in 2007
In addition, thousands of Honeywell India volunteers are engaged with local communities across for real and sustained impact in school education for the underprivileged, computer education for students with special abilities, disaster relief, charitable donations, healthcare and blood donations, to name just a few. Honeywell imparted free fire safety training to 56,200 children across 71 schools from 2009-11 in Delhi, India.
