Honeywell to Build New Friction Materials Plant in RomaniaBy Honeywell, PRNE
Tuesday, October 18, 2011
PLOIESTI, Romania, October 19, 2011 -
New Hot Press Technology Investment To Deliver Innovative and Competitive Brake Pads
Honeywell (NYSE:HON) announced today that it is considering a new automotive brake pad manufacturing facility near Ploiesti, Romania. The new site could begin production by the end of 2012 and focus on leading edge, environmental-friendly brake pad technology for European passenger vehicles.
The new Romanian site would be Honeywell’s first European site entirely equipped with state-of-the-art Hot Press manufacturing lines, an improvement from existing technology, and a critical enabler to delivering new business with customers demanding both innovative and competitive brake pads. The new Hot Press manufacturing equipment and processes help increase product quality, deliver energy efficiency, and increase delivery time, while reducing overall cost.
“The Romanian plant reflects the commitment we want to make in our friction business to upgrade our manufacturing technology with the latest available processes and equipment to better compete in Europe and around the world,” said Rainer Bostel, President of Friction Materials. “The site would enable Honeywell to operate closer to our customers’ manufacturing footprint in Eastern Europe, while investing in the best valued brake pad solutions available.”
Honeywell Friction Materials is headquartered in Glinde, Germany. Serving both original equipment and aftermarket customers, products offered include Bendix® and Jurid® friction materials and hard parts. For more information, log on to www.honeywell-frictionmaterials.com.
Honeywell International (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell’s shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.
This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts as further described in our filings under the Securities Exchange Act.
Mike Stoller of Honeywell Transportation Systems, +1-734-392-5525, michael.stoller at honeywell.com
Tags: Eastern Europe, Honeywell, October 19, Ploiesti, Romania