Back to top

Analyst Blog

Zacks Equity Research

Honeywell Technology for Brunei Petrochemicals

TXT MMM HON CR

 ZacksTrade Now

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Diversified technology company Honeywell International Inc. (HON - Analyst Report) recently announced that the indigenous technology of its wholly-owned subsidiary UPO LLC was selected to produce petrochemical products in Brunei, a sovereign state in Southeast Asia.

The technology will be utilized by Brunei Hengyi Industries Sdn Bhd, a subsidiary of Zhejiang Hengyi Group Co. – one of the largest suppliers of textile raw materials in China, to produce aromatics in a cost-effective way by maximizing product yields while reducing production and investment costs. Aromatics are the key ingredients for the production of polymers, plastics, resins and synthetic fibers such as polyester and nylon.

The project is anticipated to be one of the largest aromatics manufacturing facility in the world and is expected to meet the increasing demand of plastics and synthetic fibers in the region. In addition to its UOP technology, Honeywell will also provide the requisite training and technical services along with catalysts, adsorbents, and specialty equipment for the project. Production at the facility is slated to commence from 2015.  

Headquartered in Des Plaines, Ill, UOP is a premier supplier of process technology, catalysts, adsorbents, process plants, and consulting services to the petroleum refining, petrochemical, and gas processing industries across the globe. It is a part of Honeywell's Performance Materials and Technologies strategic business group.

Based in Morris Township, NJ, Honeywell manufactures a wide range of aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals and energy efficient products and solutions for homes, business and transportation.

Honeywell organizes its business into four operating segments – Aerospace, Automation and Control Solutions, Performance Materials and Technologies, and Transportation Systems. Honeywell’s diversified business portfolio mitigates operating risks and has the potential to earn consistent above-average returns.

However, Honeywell faces intense competition from industry bigwigs such as Crane Co. (CR - Snapshot Report), Textron Inc. (TXT - Analyst Report), and 3M Company (MMM - Analyst Report), each carrying a Zacks Rank #2 (Buy). Presently, Honeywell also has a Zacks Rank #2 (Buy).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
BITAUTO HOLD BITA 35.33 +14.82%
ANI PHARMACE ANIP 24.79 +14.66%
E HOUSECHINA EJ 10.99 +9.24%
CANADIAN SOL CSIQ 26.97 +7.15%
INTERNATIONA ICAGY 33.30 +5.38%