HON Invests for Global Warming - Analyst Blog
07 Juillet 2011 - 10:45AM
Zacks
Honeywell International
Inc. (HON) is focused on meeting the rising demand for low
global warming material used in insulation and aerosols. Through a
planned investment of $33 million in its Baton Rouge, La.,
manufacturing facility, the company will increase the production
capabilities of such products. The Baton Rouge facility of
Honeywell is a prominent provider of refrigerants in the U.S.
Honeywell will be producing new
low-global-warming-potential (GWP) blowing agent and propellant
(technical name: HFO-1234ze) on a commercial scale from the
upgraded facility. HFO-1234ze production is expected to start in
late 2013.
The Baton Rouge facility has been
producing beneficial and energy efficient products for its clients
for a long time. The investment enables the facility to become a
prime provider of next generation technology for meeting
low-global-warming aerosol propellants, foam blowing agents and
refrigerants. The new products expand Honeywell’s existing
portfolio of low-global-warming-potential products, helping the
company to mitigate a rising worldwide concern in a cost effective
manner while fulfilling all the environmental regulations.
The U.S. Environmental Protection
Agency has recognized HFO-1234ze to be used safely and sold in foam
and aerosols. The material is being used in Europe and Japan.
Europe has a large number of consumers.
Based in Morris Township, N.J.,
Honeywell International Inc. is a Fortune 100 company providing
technical and manufacturing support to customers worldwide. It also
provides aerospace products and services; control technologies for
buildings, homes and industry; automotive products; turbochargers;
and specialty materials. Major competitors of Honeywell are
BorgWarner Inc. (BWA), United Technologies
Corp. (UTX) and Johnson Controls Inc.
(JCI).
We maintain a Zacks #1 Rank
(short-term Strong Buy recommendation) onHoneywell.
BORG WARNER INC (BWA): Free Stock Analysis Report
HONEYWELL INTL (HON): Free Stock Analysis Report
JOHNSON CONTROL (JCI): Free Stock Analysis Report
UTD TECHS CORP (UTX): Free Stock Analysis Report
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