Honeywell Opens Turbocharger R&D Center in Czech Republic
World's Largest Automotive Turbo Maker Expands Technical Footprint with Investment in Test and Engineering Capabilities in Brno
BRNO, Czech Republic, May 21 -- Honeywell (NYSE:HON) 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, the world's largest manufacturer of automotive turbochargers.
The state-of-the-art facility houses integrated engineering and research services developing and validating the next generation of advanced turbochargers for both commercial and passenger vehicle applications.
"The trend towards energy-efficient turbocharged diesel and gasoline engines around the world is accelerating rapidly, and Honeywell is continuing to invest to meet that demand," said Adriane Brown, President and CEO, Honeywell Transportation Systems. "This expansion of our global engineering network will help strengthen our R&D advantage and represents a commitment to our customers to sustain our proven leadership in advanced turbocharging solutions for years to come."
With more than $3.0 billion in revenues, Honeywell's Turbo Technology business produces more than 9 million turbochargers a year. With ten major manufacturing and five engineering sites throughout Europe, the Americas and Asia, the business continues to expand its global footprint to meet the rising global demand for boosted vehicles.
Honeywell expects global sales for turbochargers to grow from 29% of the overall automotive segment to more than 38% by 2012 as automakers look to boost engines to help increase fuel-efficiency and reduce harmful exhaust emissions without sacrificing performance.
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; specialty chemicals; fibers; and electronic and advanced materials. Based in Morris Township, NJ, Honeywell's shares are traded on the New York, London, Chicago and Pacific Stock Exchanges. It is a component of the Standard & Poor's 500 Index. For additional information, please visit www.honeywell.com
Source: Honeywell International
CONTACT:
Joe Toubes of Honeywell,
+1-310-791-9153,
joe.toubes@honeywell.com
Web site: www.honeywell.com
