Honeywell is a diversified technology and manufacturing company with its Specialty Materials division involved in speciality chemicals, fibres, plastics and electronic and advanced materials. It also supplies equipment to the aerospace industry, control and automation products, and power and transportation systems.
The Specialty Materials division is a producer of high-performance specialty materials, such as nylon, polyester, fluorocarbons, caprolactam and specialty and fine chemicals. It is segmented into several business units: Honeywell Chemicals, Honeywell Electronic Materials, Honeywell Nylon, Performance Products, Research and Life Science Solutions, and UOP (a joint venture with Dow).
Honeywell's strategy focuses on driving organic growth through its processes and services, innovative products and services and close partnerships with its global customers. The continuing development of the 'highly funded' technology roadmaps for new products and services supported by Six Sigma will continue.
Growth in the specialty materials business is expected to continue by leveraging technologies across business groups, expanding core technologies into adjacent markets and new vertical industries, and pursuing select acquisitions in high-growth segments and strategic licensing opportunities.
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