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Diversified high-tech company: Honeywell International (HON) (1886)

Honeywell International Inc. (Hanway International Inc.) Honeywell International Inc. (NYSE: HON) was established in 1886 and is headquartered in Morristown, New Jersey, USA. It has 113,000 full-time employees and is a company with annual revenues of more than 30 billion US dollars. A diversified high-tech and manufacturing multinational company, ranked in the Fortune 500 list for 50 consecutive years.

Honeywell International

Honeywell (HON):

Honeywell is an international company engaged in the production of consumer electronics, engineering and technical services and aerospace systems. It is an international company with a history of more than one hundred years. It is one of the 20 most respected high-tech companies in the US “Fortune” magazine. 1. Annual sales exceed 30 billion U.S. dollars, occupying a world leader position in diversified technology and manufacturing.

The purpose of Honeywell is to increase comfort, increase productivity, save energy, protect the environment, and protect the lives and properties of users to achieve mutually beneficial growth. Serving customers in the global building, industrial, aerospace and aviation markets. Honeywell has 110,000 employees in 95 countries (including about 58,000 in the United States) to satisfy customers and strive to become the world’s self-control pioneer, thereby achieving the goal of mutually beneficial growth.

Today’s Honeywell International was formed in 1999 by the merger of Honeywell (Honeywell, Inc.) and United Signal (AlliedSignal, Inc.). Although United Signal is a successor legal person and twice the size of Honeywell, the company’s name still uses Honeywell (Honeywell) because it has better brand recognition. On the other hand, Honeywell merged its headquarters into the headquarters of United Signal.

Honeywell is mainly divided into four divisions to operate : Aerospace, construction technology (Honeywell Building Technologies), safety and productivity solutions (Safety and Productivity Solutions), performance materials and technology (Performance Materials and Technologies).

  1. Aerospace -aircraft and vehicles provide products, software and services. Provide aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers and operators, airlines, military services, defense and space contractors, and the spare parts market, as well as provide maintenance and services for the aftermarket repair service. The department also provides auxiliary power units, propulsion engines, integrated avionics, environmental control and power systems, engine control, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments , Satellite and space components, aircraft wheels and brakes; spare parts; repair, overhaul and maintenance services; provide connected solutions and data services for the aftermarket, and provide wireless connectivity and management and technical services.
  2. Honeywell Building Technologies ——Provide products, software, solutions and technologies, such as sensors, switches, control systems and energy management instruments; access control; video surveillance; fire protection products; remote patient monitoring systems; advanced software applications; and system installation, Maintenance and upgrade.
  3. Performance Materials and Technologies -develop and manufacture process technology products, including catalysts and adsorbents, equipment and consulting services. Provide catalysts and adsorbents; equipment and consulting services for petroleum refining, natural gas processing, petrochemical industries; and petroleum and natural gas, oil refining, pulp and paper, industrial power generation, chemical and petrochemical, biofuels, life sciences, metals, and minerals And mining industry automation control, instrumentation, software and services. It also provides fluorocarbons, hydrofluoroolefins, caprolactam, resins, ammonium sulfate fertilizers, phenols, specialty films, waxes, additives, fibers, research chemicals and intermediates, and electronic materials and chemicals.
  4. Safety and Productivity Solutions -Provide sensing and production solutions, as well as industrial safety products. Provide products, software and connectivity solutions. Its safety products include personal protective equipment, clothing, equipment and footwear; gas detection technology; and cloud-based notifications and emergency messages. The division’s productivity solutions products and services include mobile equipment and software; supply chain and warehouse automation equipment, software and solutions; custom-designed sensors, switches, and control devices; and software-based productivity solutions for data and asset management.

Financial performance of Honeywell (HON):

Currency unit: million dollars

years

Revenue

Net profit

Total assets

Share price USD

Number of employees

2005

27,652

1,638

31,633

26.77

2006

31,367

2,083

30,941

30.221

2007

34,589

2,444

33,805

41.21

2008

36,556

806

35,490

37.22

2009

29,951

1,548

35,993

27.29

2010

32,350

2,022

37,834

36.35

2011

36,529

2,067

39,808

45.53

2012

37,665

2,926

41,853

51.41

2013

39,055

3,924

45,435

70.81

131,000

2014

40,306

4,239

45,451

85.54

127,000

2015

38,581

4,768

49,316

95.02

129,000

2016

39,302

4,809

54,146

106.50

131,000

2017

40,534

1,655

59,387

131.48

131,000

Honeywell (HON) History:

  • In April 1886, Albert Butz established Butz Thermo-Electric Regulator Co..
  • In 1888, Booth was acquired by Consolidated Temperature Controlling Co. Incorporated, and was renamed Electric Heat Regulator Co in 1892.
  • In 1906, Mark Honeywell established Honeywell Heating Specialty Co, incorporated.
  • In 1912, the Electronic Heating Regulator Company was renamed Minneapolis Heat Regulator Company (Minneapolis Heat Regulator Company).
  • In 1920, ” Washington Post ” publisher Eugene Meyer and scientist William Nichols united five American chemical companies to form Allied Chemical & Dye Corporation (Allied Chemical & Dye Corporation) .
  • In 1922, Sam Mosher founded the Signal Gasoline Company (Signal Gasoline Company), which was renamed Signal Oil and Gas Company in 1928.
  • In 1927, Minneapolis-Honeywell Regulator Co. merged with Honeywell Special Heater Company to create Minneapolis-Honeywell Regulator Co..
  • In 1936, John Clifford Garrett founded Garrett Corporation.
  • In 1958, the United Chemical Dyestuff Company was renamed Allied Chemical Corp. (Allied Chemical Corp.).
  • In 1963, Minneapolis-Honeywell Regulator Company officially changed its name to Honeywell, Inc. (Honeywell, Inc.).
  • In 1964, the Signal Oil and Gas Company included Garrett, and in 1967 it was Mack Trucks, Inc., and it was renamed The Signal Companies, Inc. in 1968.
  • In 1981, United Chemical Corporation changed its name to Allied Corporation (Allied Corporation).
  • In 1985, United and Signal Corporation merged into Allied-Signal, Inc., and in 1993, the company strengthened its integrated image and changed its name to Allied Signal, Inc..
  • In 1999, Honeywell (Honeywell) AlliedSignal (AlliedSignal) merged. After the merger, the entire company is still named as Honeywell (now Honeywell International), and the new Honeywell company remains in multiple areas. The characteristics of a leading global high-tech company make the new Honeywell more powerful, especially in the field of automatic control and aerospace technology, attracting worldwide attention. In every Boeing aircraft, 30% of the products come from Honeywell. These are avionics and flight safety products, as well as integrated systems for various aircraft manufactured by combining with the advantages of automatic control.
  • General Electric announced its intention to acquire Honeywell International in 2000, when Honeywell International was valued at more than $21 billion. The merger was approved by the U.S. authorities, but on July 3, 2001, it was blocked by Mario Monti, Commissioner for Competition Affairs of the European Commission, on the grounds that GE’s dominance in the large jet engine market and Honeywell With international investment in jet engines and avionics, the new company will “bundle” products and curb competition by creating a horizontal monopoly. As a result, the EU will veto it and die.
  • On the occasion of the new century, world-renowned security system manufacturers WSE (Westinghouse), C&K, ADEMCO (An Dingbao) and fire protection system manufacturers SystemSensor (Shengssel), Notifire and other companies have joined Honeywell one after another to make their buildings With a wider variety of automation system products, Honeywell has become the world’s largest supplier of building products .
  • On July 28, 2015, Honeywell agreed to acquire the meter manufacturer Elster from the British industrial investment company Melrose Industries for £3.3 billion (US$5.1 billion). It entered the field of gas and water meters, focusing on For smart meters. Melrose acquired Elster in 2012 for $2.3 billion. The transaction strengthens the HON Combustion business and brings Honeywell’s strong brands from the original Elster, such as Kromschroeder and Eclipse.
  • Honeywell International subsequently acquired a 30% stake in UOP Russell LLC in January 2016 for approximately US$240 million.
  • In February 2016, Honeywell acquired Xtralis for $480 million, the company is the world’s leading provider of smoking detection, as well as advanced peripheral security technology and video analysis software. The transaction was completed on April 1, 2016.
  • In May 2016, Honeywell International settled a patent dispute with Nest Labs, a subsidiary of Google . The company’s thermostat Honeywell claimed to infringe several of its patents. Google’s parent company Alphabet Inc. and Honeywell said they have reached a “patent cross-licensing” agreement that “completely resolves” long-term disputes.
  • On September 12, 2016, Honeywell, headquartered in Morris Plain, New Jersey, announced that it would invest US$20 million in the construction of its first software development center. The headquarters of its nearly US$10 billion home and building technology department will be transferred to Minneapolis. The suburbs of Sri Lanka moved to Atlanta.
  • David Cote stepped down as CEO on April 1, 2017 and was succeeded by Darius Adamczyk, who was promoted to President and Chief Operating Officer (COO) last year. Kurt served as executive chairman until April 2018. On October 10, 2017, Honeywell announced plans to spin off its Homes, ADI Global Distribution and Transportation Systems businesses into two independent listed companies before the end of 2018.
  • On November 30, 2018, Honeywell announced that its corporate headquarters will be relocated to Charlotte.
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