Honeywell to establish new tech center
Honeywell (NYSE: HON) will establish a new technology center in Gurgaon to expand its global research capabilities in refining, petrochemical and other technologies. The company will invest US$34 million to establish the 400,000 sq ft center at an existing Honeywell-owned property.
The center will primarily house pilot plants for developing and demonstrating refining and petrochemical process technology developed by UOP, a Honeywell subsidiary that is part of Honeywell’s Specialty Materials business group.The center will also include labs for process and applications development for other specialty materials technology areas, including fluorine products and nylon materials. The center is expected to employ 100 within five years.
Elaborating on the initiative Andreas Kramvis, president and CEO of Honeywell Specialty Materials said, “This center will allow us to conduct development closer to our end customers, while at the same time tapping the recognized engineering talent of India. It will strengthen our product and process commercialization capabilities globally, but especially in Asia, where it will complement our existing research center in Shanghai, China.”
The center will be managed by UOP India Private Ltd., a wholly-owned subsidiary of UOP that has an existing 250-person process technology engineering center in Gurgaon. UOP is a recognized global leader in developing and licensing process technology used in refining and the production of petrochemicals and renewable fuels.
Honeywell Specialty Materials is a global leader in providing customers with high-performance specialty materials, including fluorine products; specialty films and additives; advanced fibers and composites; intermediates; specialty chemicals; electronic materials and chemicals; and technologies and materials for petroleum refining and petrochemical production.