Honeywell Expands Facility - Analyst Blog
04 Avril 2012 - 3:00PM
Zacks
Honeywell International
Inc.’s (HON), group company, UOP LLC, is all set to expand
its production facility in Mobile, Ala., to produce adsorbents and
catalysts. The company will be investing about $20 million for this
expansion.
The facility for expansion produces
IONSIV™ Ion Exchange adsorbents, used for the removal of
radioactive material from liquids. Honeywell's UOP IONSIV™ Ion
Exchange adsorbents are being used in Japan, following the 2011
nuclear disaster. With the facility expansion, the company will be
able to produce new adsorbents and catalysts for petrochemical
producers and refiners.
Catalysts for increasing
petrochemical production with low energy consumption and green
house emission are also produced at this plant. By fourth-quarter
2012, the expansion of this facility is scheduled to be
completed.
For further expansion, the company
emphasizes growth factors, such as investments in new products,
technology demarcation, expansion in the emerging markets along
with initiatives in key processes. Honeywell’s short-cycle
businesses as well as its commercial aerospace spares and
residential and commercial retrofit businesses are performing
impressively and are expected to support the company’s future
growth
outlook.
However, any change in the U.S.
government’s defense and aerospace funding could adversely impact
sales of Aerospace’s defense and space-related products and
services.
Based in Morris Township, N.J.,
Honeywell International Inc. is a Fortune 100 company providing
technical and manufacturing support to customers worldwide with
aerospace products and services; control technologies for
buildings, homes and industry; automotive products; turbochargers;
and specialty materials. The major competitors of Honeywell are
BorgWarner Inc. (BWA), United Technologies
Corp. (UTX) and Johnson Controls Inc.
(JCI).
We maintain an Outperform rating on
Honeywell, with a Zacks #1 Rank (Strong-Buy recommendation).
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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