Honeywell International has opened a new technology center in India and plans to invest $34 million into its development. According to the company, the center will further expand its technology development capabilities in key areas including refining, petrochemical, low-global-warming and nylon technologies and applications.
The facility in Gurgaon, India, features pilot plants for developing and demonstrating refining and petrochemical process technology by UOP, part of Honeywell's Performance Materials and Technologies strategic business group. The center will also perform other product and application development, including fluorine and nylon technologies.
Based in Morris Township, N.J., Honeywell is a technology and manufacturing company serving customers with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. The company's stock is traded on the New York, London, and Chicago Stock Exchanges.
"This new facility will allow Honeywell to put its vast resources to work in collaboration with some of the brightest engineering minds in India," said Rajeev Gautam, president and CEO of Honeywell's UOP. "It brings the development of key technologies closer to our customers in the region and complements our other technology centers around the world."
"Honeywell is an industry leader when it comes to investing in research and development," said Mark Turowicz, managing director of Honeywell Performance Materials and Technologies India. "This center adds to India's growing strength as a global knowledge hub, allowing some of the best engineering minds to produce breakthrough technologies to be used in India and beyond."
The center will initially employ 40 researchers, with the total expected to grow to 170 in the next five years. The new technology center is Honeywell's fourth in India. The company has rapidly expanded its footprint in India, with five manufacturing locations, 10 key offices and sales presence in more than 50 cities. The company's employee base in India has grown from 1,000 employees in 2002 to more than 12,500 today.
Honeywell Performance Materials and Technologies business is a developer and manufacturer of advanced materials and process technologies. These materials and technologies are used by people every day in a wide range of industries and applications, from petroleum refining to environmentally friendlier refrigerants to bullet-resistant vests. The advanced materials are used in the manufacture of products ranging from nylon to computer chips to pharmaceutical packaging.