Honeywell To Establish New Technology Center in India
Honeywell (NYSE: HON) announced today that it will establish a new technology center in Gurgaon, India, to expand its global research capabilities in refining, petrochemical and other technologies in order to better serve customers in the region.
The company will invest $34 million to establish the 400,000 square-foot 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.
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