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Monday, November 30 - 2009

Honeywell Chariman and CEO visits United Arab Emirates

  • United Arab Emirates: Tuesday, May 08 - 2007 at 16:54
  • PRESS RELEASE

Honeywell (NYSE:HON) Chairman and CEO, Dave Cote met with employees, customers and government leaders in Dubai and Abu Dhabi this week to provide an update on the company's growth objectives and business priorities in key industries such as oil and gas, manufacturing and construction.

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  • Dave Cote, Honeywell Chairman & CEO, visited Dubai and Abu Dhabi in the United Arab Emirates this week to meet with Honeywell employees, customers and government leadership.
    Dave Cote, Honeywell Chairman & CEO, visited Dubai and Abu Dhabi in the United Arab Emirates this week to meet with Honeywell employees, customers and government leadership.
"Since we won our first project here in 1964, Honeywell has been offering customers differentiated technologies and solutions that have directly contributed to the economic expansion in the region," said Cote. "Last year, the UAE had GDP growth of nearly 10%, as demand for energy, infrastructure and commercial construction continues to increase. Since 2005, Honeywell's sales have grown by 59% in the region and we now have over 500 employees. There is still a lot to be done and we expect growth to continue."

In March, Honeywell announced it had won a $7 million contract to implement an Experion® Process Knowledge System (PKS) and FOUNDATION* Fieldbus solution at a new chemical plant operated by Kuwait Paraxylene Production Company. Earlier this month, Aromatics Oman selected Honeywell's Experion R300 - a $7.7 million project - for its $1.2 billion facility, the world's largest paraxylene plant.

"Honeywell is committed to building greater technological expertise, industry sector knowledge and customer support service capabilities throughout the region," continued Cote. "We offer continual employee training courses, an internship program and have been partnering with local universities to cultivate technical talent for the future. It's an exciting time to be here and Honeywell is committed to driving continued growth."
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Honeywell International is a $33 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. It is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poor's 500 Index. For additional information, please visit www.honeywell.com. Honeywell Process Solutions is part of Honeywell's Automation and Control Solutions group, a global leader in providing product and service solutions that improve efficiency and profitability, support regulatory compliance, and maintain safe, comfortable environments in homes, buildings and industry. For more information about Process Solutions, access www.honeywell.com/ps.

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