Honeywell

1 Overview

Honeywell is a Fortune Global 500 high-tech company. Our high-tech solutions span aviation, building and industrial control technology, performance materials, and the Internet of Things. We are committed to deeply integrating the physical and digital worlds and using advanced cloud computing, data analytics and industrial IoT technologies to solve tough economic and social challenges. In China, Honeywell has long used innovation to drive growth and implemented the strategies of "East serving the East" and "East serving the world".

Honeywell was founded in 1885, and its history in China can be traced back to 1935, when it opened its first distribution agency in Shanghai. At present, Honeywell's four major business groups have all settled in China. Shanghai is Honeywell's Asia-Pacific headquarters. It also has more than 50 wholly-owned companies and joint ventures in more than 30 cities in China, including more than 20 factories. Honeywell has approximately 11,000 employees in China, 20% of whom are R&D personnel, working together to create a world where everything is connected, smarter, safer and more sustainable.

2. Business Department

Aerospace Group, Intelligent Building Technologies Group, Performance Materials and Technologies Group, Safety and Productivity Solutions Group

3. Development process

Over 130 years of innovation:

Dating back to 1885, an inventor named Albert Butz obtained a patent for a furnace regulator and alarm and established the Butz Electronic Thermostat Company in Minneapolis, USA. . After that, he successfully developed an ingenious device he called the "air damper" that could help automatically adjust the indoor temperature.

In 1904, young engineer Mark Honeywell perfected the heater as part of his own pipe manufacturing and heating business. Two years later, Honeywell Heating Specialty Co, incorporated was established to specialize in water heaters.

In 1927, the Minneapolis Heat Regulator Company merged with the Honeywell Specialty Heater Company to create the Minneapolis-Honeywell Regulator Company, becoming the largest manufacturer of high-quality controllers at the time. The company has made several successful acquisitions in the controller space during the course of its operations, one worth mentioning is Brown Instrument Co., a global leader in industrial controllers and indicators and the inventor of the pyrometer. By.

In 1957, a fire detection and alarm company was acquired, the first of many acquisitions that would transform the company into the global leader it is today. In many North American cities, the red and black "Enjoy Honeywell Protection" window stickers and posters are almost as famous as Round thermostats.

In 1963, the company officially changed its name to Honeywell. In fact, for nearly 40 years before that, people had inadvertently called the company Honeywell. Six years later, Honeywell's instruments helped American astronauts Neil Armstrong and Edwin "Buzz" Aldrin land on the moon.

In 1970, Honeywell merged its computer business with that of General Electric to form Honeywell Information Systems, which performed well in the mainframe market. In 1986, the emergence of personal computers allowed the company to form a joint venture with Compagnie des Machines Bull of France and NEC of Japan to establish Honeywell Bull. As Honeywell's shareholding gradually decreased, it eventually withdrew from the joint venture. But digital computer technology is applied to Honeywell's traditional automation control fields, integrating sensors and actuators.

In 1986, Honeywell greatly improved its position in the aerospace field by acquiring Sperry Aerospace. Honeywell instantly became the world's leading avionics systems integrator.

In 1991, AlliedSignal began a comprehensive transformation program under new CEO Larry Bossidy and new leadership in many key businesses. Prepare the company for global competition in the years ahead by taking bold steps to improve cash flow and operating margins and increase productivity. In 1993, LianSignal Signal Corporation was renamed LianSignal Corporation to strengthen the image of a company and also mark the comprehensive integration of various businesses.

In 1992, the company sold its remaining shares in United Texas Gas in a public offering with net proceeds of $940 million.

Over the next six years, Bao led the company through a growth and productivity transformation that quintupled AlliedSignal's market value, far exceeding that of the Dow Jones Industrial Average and S&P 500.

In 1999, Honeywell and AlliedSignal merged, and the merged company continued to use the Honeywell name.

4. Products

Among them, Honeywell Sensing and Productivity Solutions has outstanding innovation capabilities. The company has more than 50,000 products, ranging from micro switches, limit switches, toggle switches and pressure switches to position sensors, speed sensors, pressure sensors , torque sensors and air flow sensors, everything is available to meet the needs of any industry and company. Its switch and sensor solutions address a wide range of basic and complex application needs, while custom-designed solutions deliver greater accuracy, repeatability and ruggedness for every industry it serves.

Honeywell was founded in 1885 and is headquartered in Morristown, New Jersey, USA. It is a world-leading diversified multinational company with global business involving aviation products and services, residential and building control, and industrial control. In addition, Honeywell is also a global sensor industry giant.

Honeywell Sensing and Productivity Solutions, a division of Honeywell, offers more than 50,000 products, including inching, limit, tactile and pressure switches, as well as position, speed, Pressure, temperature and humidity, current and air mass flow sensors are one of the manufacturers with the widest range of sensing and switching products.