Honey­well ben­e­fits as a re­sult of In­ter­net Plus boost

China Daily (USA) - - CHINA - By ZHENG XIN in Shang­hai zhengxin@chi­nadaily.com.cn

Honey­well In­ter­na­tional, a US man­u­fac­tur­ing and tech­nol­ogy con­glom­er­ate, said China’s In­ter­net Plus strat­egy is pro­vid­ing huge op­por­tu­ni­ties to de­velop and de­liver in­no­va­tive con­nected prod­ucts, ser­vices and so­lu­tions that help ad­dress chal­lenges in­tel­li­gently.

“Honey­well will make ev­ery ef­fort to in­te­grate with China’s boom­ing econ­omy. That’s why we have ex­hib­ited the lead­ing con­nected tech­nolo­gies at the China In­ter­na­tional Im­port Expo in Shang­hai, the first im­port-themed na­tional-level expo,” said Shane Ted­jarati, Honey­well’s pres­i­dent of high­growth re­gions.

“In re­cent years, China has un­der­gone an amaz­ing dig­i­tal revo­lu­tion, which is trans­form­ing the way we live and work with ex­cit­ing new tech­nolo­gies that con­nect us and in­cor­po­rate soft­ware and data in new ways.”

Ac­cord­ing to Ted­jarati, China is the sin­gle largest con­trib­u­tor to Honey­well’s global growth, and the com­pany’s largest mar­ket out­side the United States. The com­pany’s $2.9 bil­lion-plus busi­ness in China saw dou­ble-digit growth last year, ac­count­ing for more than 20 per­cent of its global growth.

On Wed­nes­day, the com­pany signed co­op­er­a­tion agree­ments with State-owned chem­i­cal pro­ducer Sinochem and with Baos­teel, one of China’s largest steel man­u­fac­tur­ing groups, to pro­vide con­nected plant tech­nolo­gies and ar­ti­fi­cial in­tel­li­gence tech­nolo­gies in Chi­nese fac­to­ries to achieve ad­vanced in­ter­con­nected plants.

Honey­well has in­tro­duced a se­ries of con­nected high-tech tech­nolo­gies at CIIE, in­clud­ing sys­tems for air­craft, fac­to­ries and build­ings, to sup­port China’s dig­i­tal econ­omy.

“CIIE of­fers a good op­por­tu­nity for global com­pa­nies to strengthen co­op­er­a­tion with China, and will bring about lots of op­por­tu­ni­ties for global com­pa­nies,” Ted­jarati said, adding that Honey­well’s con­nected sup­ply chain so­lu­tion, Con­nected Freight, has made its China de­but at the expo.

Other key tech­nolo­gies dis­played at the expo in­clude con­nected air­craft so­lu­tions for air­lines, busi­ness jets, gen­eral avi­a­tion and he­li­copters.

On Mon­day, the com­pany signed a mem­o­ran­dum of un­der­stand­ing with Hisense, a con­sumer elec­tron­ics man­u­fac­turer in Qing­dao, Shan­dong prov­ince, to es­tab­lish a con­nected lo­gis­tics net­work plat­form in China.

The two sides will es­tab­lish a strate­gic lab­o­ra­tory to fur­ther ex­plore high-per­for­mance ma­te­ri­als ap­pli­ca­tions and con­nected lo­gis­tics so­lu­tions, in­clud­ing big data, the in­ter­net of things, cloud com­put­ing and in­tel­li­gent ter­mi­nals, said Li Ning, Honey­well’s pres­i­dent of home and build­ing tech­nolo­gies in China and Asia-Pa­cific, and safety and pro­duc­tiv­ity so­lu­tions in China and In­dia, at the sign­ing cer­e­mony in Shang­hai.

Lo­gis­tics has be­come one of China’s pil­lar in­dus­tries, and co­op­er­a­tion with Hisense will help op­ti­mize the na­tion’s lo­gis­tics eco­log­i­cal sys­tem with re­duc­tions of emis­sions and costs, he said, adding that con­nec­tiv­ity will rep­re­sent a large por­tion of the com­pany’s growth over the com­ing years.

Ac­cord­ing to the China Fed­er­a­tion of Lo­gis­tics and Pur­chas­ing, the smart lo­gis­tics mar­ket will ex­ceed 1 tril­lion yuan ($144 bil­lion) by 2025.

Last year, Honey­well es­tab­lished a con­nected en­ter­prise busi­ness in China, the only re­gional team out­side the US mar­ket, which stressed the im­por­tance it at­taches to, and the con­fi­dence it has in, the devel­op­ment of China’s dig­i­tal econ­omy.

FENG YONGBIN / CHINA DAILY

A Honey­well staff mem­ber sim­u­lates dan­ger­ous work­ing con­di­tions via vir­tual re­al­ity at the com­pany’s booth at the CIIE.

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