Honeywell has created valuable employment opportunities for more than 2,200 people in Romania including its Transportation Systems turbo plant and operations under Honeywell's Automation and Control Solutions strategic business group. Honeywell has made significant investments in not only manufacturing but also research and development centers, as well as engineering capabilities in Romania, making the country a key contributor and beneficiary of Honeywell's business investments.
Honeywell has been a consistent top exporter and continues to grow its position with the new Ploiesti site. With company operations dating back 15 years, Honeywell has a record of continuous training of employees and upgrading of sites, helping grow local suppliers, and supporting macro-trends of energy efficiency, safety & security, and clean energy generation.
About Honeywell Transportation Systems
Honeywell Transportation Systems is a strategic business group of Honeywell and is comprised of Honeywell Turbo Technologies (
) and Honeywell Friction Materials (
) . Honeywell Turbo Technologies is a leading automotive turbocharger developer, supplying technology solutions to nearly every major automaker and truck manufacturer in the world. Honeywell Friction Materials is a leading global automotive supplier of braking components. Honeywell Transportation Systems enhances vehicle performance, efficiency and appearance through state-of-the-art technologies, world-class brands, and global solutions tailored for its automotive customers around the world
is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and performance materials. Based in
Morris Township, N.J.
, Honeywell's shares are traded on the
, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit
This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.