Honeywell Transportation Systems Announces the Formation of New Friction Materials Business Unit
GLINDE, Germany, May 6- Dr. Rainer Bostel, a 21-Year Honeywell Veteran, to Lead the Division In an effort to provide greater value to its customers and strengthen its capabilities, Honeywell Transportation Systems will operate its global friction business as its own strategic business unit.
The decision to separate the Friction Materials business from Honeywell's Consumer Products Group business unit was the result of an assessment that included more than 120 Voice of Customer interviews and direct feedback from suppliers and channel partners.
"This in-depth analysis will allow us to operate more effectively and in turn, bring more value to our customers," said Adriane Brown, president and CEO of Honeywell Transportation Systems. "We now have a clear path to building on our current capabilities. Within our new structure, we plan to immediately mitigate capacity constraints through investments as well as improve factory quality and output."
Dr. Rainer Bostel, a 21-year veteran within Honeywell, has been named president of the recently formed business unit. Previously, Bostel served as leader of Honeywell's Home Environmental Controls business unit in Europe, the Middle East and Africa.
Based out of Glinde, Germany, Bostel and his Honeywell Friction Materials team will be responsible for providing product solutions for its original equipment customers as well as oversee the continued development of the Bendix® and Jurid® brand aftermarket friction material offerings. In addition, Bostel will be developing a specific plan of action that will make the entity a stronger supplier for its customers.
Honeywell Consumer Products Group, a division of Honeywell International Inc., has headquarters in Danbury, Conn. Its leading automotive care products include FRAM® oil, air, transmission and fuel filters; Autolite® spark plugs, ignition wire sets and lights; Prestone® antifreeze and car care products; and Holts® car care. It maintains R&D capabilities in both the United States and Europe and has a manufacturing footprint in 10 countries worldwide.
Honeywell Friction Materials, a business unit of Honeywell International Inc., is headquartered in Glinde, Germany. Serving both original equipment and aftermarket customers, products offered include Bendix® and Jurid® friction materials and hard parts.
Honeywell International Inc. is a US$36 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 www.honeywell.com.
CONTACTS:
Astrid Hoffmann-Leist
Honeywell
+49(0)6821-404-260
astrid.hoffmann@honeywell.com
Benedict Reimann
Leipziger & Partner
+49(0)69-75-804-408
benedict.reimann@leipziger.com
Source: Honeywell Transportation Systems
