CBI member, Honeywell, has opened a new emerging-markets and innovation centre in Wuhan. The new centre is part of Honeywell’s strategy to expand its presence in the fast-growing markets in the central and western regions of China.
Zhang Yufeng, president of Honeywell China said: “Honeywell is willing to expand cooperation with Wuhan, and take advantage of the talent and market advantage of the central and western regions in China, to boost technological innovation and better service within the central and western markets.”
Honeywell’s new centre will cover a wide range of operations, including management, research and development, and sales for the company’s intelligent building technologies, speciality materials and technologies, and other Honeywell business avenues.
Currently, Honeywell has over 50 wholly-owned enterprises and joint ventures in more than 30 cities across China, including 21 plants. Consequently, China is now Honeywell’s second largest country market outside of the United States.
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