The second quarter of 2023 ended, looking back over the past few months, Honeywell has been very active in the Chinese market. Recently, Chai Xiaozhou, President of Honeywell’s Safety and Productivity Solutions Group in China, was invited by Global Business Dynamics to share his views on the company’s recent positive initiatives. The following is the full report:

Honeywell Safety and Productivity Solutions Group

China President Chai Xiaozhou

In the second quarter of 2023, Honeywell was very active in the Chinese market.

In early May, Honeywell and Sichuan Jinshang Environmental Protection announced that they will jointly build a sustainable aviation fuel industry base with an annual output of 300,000 tons in Suining, Sichuan Province. On May 18, Honeywell UOP China olefin Technical Support Center was established.

On June 28, the Honeywell Cold Chain Research Institute was officially established. On the same day, Honeywell’s Digital Innovation Center for Sustainable Development in the Tianjin Port Free Trade Zone was also officially unveiled. On June 29, Honeywell officially unveiled a new generation of gas detection solutions at the 2023 Shanghai International Semiconductor Exhibition. Honeywell also released a white paper on smart factory practice together with Shenghong Petrochemical to help promote high-quality development and digital transformation of the industry, and explore the application and landing of smart technology in the process industry.

In the view of Chai Xiaozhou, president of Honeywell’s Safety and Productivity Solutions Group in China, these initiatives continue Honeywell’s philosophy of deep cultivation in China, local innovation to promote growth and seek long-term development.

Deep cultivation of the Chinese market for nearly 90 years

As a Fortune Global 500 multinational company, Honeywell is better known in China for its N95 masks and various intelligent control devices in high-end buildings.

This large conglomerate, founded in 1885 in the United States, has long been known to the public as one of the 30 companies that make up the Dow Jones Index. Honeywell’s four business groups, Safety and Productivity Solutions, Aerospace, Characteristic Materials and Technologies, and Smart Building Technologies, provide a range of advanced digital, automation, and sustainability solutions for a wide range of industries.

Honeywell opened its first dealership in Shanghai in 1935, nearly 90 years ago. At present, all of Honeywell’s business groups have settled in China, and Shanghai is also Honeywell’s Asia-Pacific headquarters.

Honeywell has always been committed to China for long-term development, with local innovation to drive growth. China has become Honeywell’s second largest single market and the company’s largest growth market worldwide.

In recent years, as China has actively promoted a higher level of opening-up, the central and western regions are becoming new growth engines. Through a series of aggressive investments, Honeywell is helping the Midwest move toward a lower carbon, more digital and smarter direction.

In early 2020, Honeywell established Huosheng Industrial Technology Co., Ltd. in Wuhan, Hubei Province, as Honeywell’s emerging markets China headquarters and innovation center, and became the first Global 500 company to invest in Wuhan after the unsealing. Thanks to the unique advantages of Hubei Province, Honeywell Emerging Markets China headquarters has achieved business expansion in Hubei Province in the past three years, including logistics and retail, intelligent manufacturing, security protection, medical health, intelligent life, and public fire protection.

Enable the intelligent upgrading of China’s manufacturing industry

As a leading digital industrial high-tech company, Honeywell has always implemented the development strategy of “East serves East” and “East serves the world” in China, committed to the deep integration of the real world and the digital world, and the use of advanced technology to solve difficult economic and social challenges. Honeywell continues to build on more than 100 years of management and operation experience, combined with advanced technology accumulation in cloud computing, data analysis, industrial Internet of Things and digital software, enabling the intelligent upgrading of China’s manufacturing industry and helping China achieve high-quality and sustainable development.