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46 the MARKET Honeywell Offers Technologies and Solutions in Four THE MARKET In 1985, Allied merged with Honeywell offers technologies the Signal Companies, which and solutions in four main busi- operated in the aerospace, auto- ness sectors: aerospace, automa- motive, and engineered-materials tion and control solutions, industries. Signal was originally specialty materials, and trans- a California-based oil company portation and power systems. that later merged with the Garrett Corporation, a Los Angeles– ACHIEVEMENTS based aerospace company. Sales in 2002 for Honeywell’s four In mid-1991, a new Allied- business sectors totaled $22 bil- Signal CEO, Lawrence A. lion. The list of Honeywell’s cus- Bossidy, was hired from General tomers reads like a Who’s Who of Electric. Bossidy and a revamped global business leaders: Airbus, management team began a com- Alcoa, BASF, Boeing, Chevron- prehensive transformation of Texaco, Cisco, DaimlerChrysler, Allied-Signal. The name was DuPont, General Motors, Procter changed to AlliedSignal in 1993 & Gamble, Sun Microsystems, to reinforce the one-company and Wal-Mart are just a few of the image and to continue to drive companies that depend on the the integration to its businesses. expertise of Honeywell’s employ- The new Honeywell embod- ees and the quality of its systems, services, and prod- form Minneapolis-Honeywell Regulator Com- ies the best of its AlliedSignal and Honeywell ucts for their success. pany, with W. R. Sweatt as chairman and Mark heritages. In 2002, David M. Cote was named to Over the years, Honeywell and its predecessors Honeywell as president. succeed Bossidy as chairman and CEO. Under and affiliates have been at the forefront of tech- In 1957, Minneapolis-Honeywell Regulator Cote’s leadership the company focuses on five nology in a wide variety of areas — everything Company purchased a fire detection and alarm key initiatives: Growth, Productivity, Cash, from cockpits, clocks, kilns, and chemicals to firm, the first of many acquisitions that would build People, and the Enablers — DigitalWorks and space exploration, sensors, and advanced circuits. its security business into a global leader today. Six Sigma. Central to the company’s growth ini- Honeywell is one of the 30 companies included in In 1986, the company significantly enhanced its tiative is to do for its customers every day an the Dow Jones Industrial Average, a reflection of position in the aerospace industry with the purchase absolutely superb job in quality, delivery, value, the significant contribution that Honeywell makes of Sperry Aerospace, making Honeywell the and technology. to the world’s economic landscape. world’s leading integrator of avionics systems. The AlliedSignal Con- THE PRODUCT HISTORY nection — AlliedSignal is To understand the scope of Today’s Honeywell emerged in fall 1999 from the the second major component Honeywell’s operations, con- merger of two global leaders, AlliedSignal and of today’s Honeywell. sider some of the products and Honeywell Inc., but the company’s history goes During World War I, the services that Honeywell offers: back more than a century. United States faced critical Aerospace: Honeywell is The Honeywell Connection — Honeywell’s shortages of products such as the world’s premier supplier of heritage dates to 1885, when Albert Butz dyes and drugs. In response aircraft engines and systems, patented the furnace regulator and alarm. In to this situation, Washington avionics and other products and 1886, he formed the Butz Thermo-Electric Post publisher Eugene Meyer services for airliners, regional Regulator Company in Minneapolis, Minnesota, and scientist William Nichols and business aircraft, military and the company introduced the “damper flap- formed the Allied Chemical & aircraft, and spacecraft. Its aero- per,” a device that automatically controlled the Dye Corporation in 1920, space products include engines, dampers on a coal-fire stove. The device was the which unified five American auxiliary power units, flight first in a long line of complex closed-loop sensor chemical companies. In 1928, control systems, environmen- and control systems that fueled Honeywell’s Allied opened a synthetic tal control systems, spare parts, growth for generations. ammonia plant and soon became the world’s lead- and support and services for space and communi- In 1904, Mark Honeywell, a young engineer ing producer of that chemical. cations facilities. in Wabash, Indiana, was perfecting a heat gener- In 1958, the company was renamed Allied Chem- Automation and Control Solutions: Honeywell’s ator as part of his plumbing and heating business. ical Corp. and moved its headquarters from Times Automation and Control Solutions is a global In 1906, he formed the Honeywell Heating Square in New York City to Morristown, New Jersey. leader in providing product and service solutions Specialty Company, specializing in hot water heat In 1981, under its new name, Allied Corporation to create efficient, safe, and comfortable environ- generators. Minneapolis Heat Regulator and purchased the Bendix Corporation, an aerospace ments, and to help business and industry improve Honeywell Heating Specialty merged in 1927 to and automotive company. productivity and profitability. Its products range 46 from heating, ventilation, humidification and air- conditioning equipment controls, and security and fire alarm systems, to automation systems and sensors, switches, and control products for indus- trial applications. Specialty Materials: Honeywell’s Specialty Materials division is a world leader in high- performance specialty materials, such as nylon, polyester, polyethylene, fluorocarbons, and spe- cialty chemicals. Honeywell is one of the top-five providers of materials and solutions to the elec- tronics industry. Transportation and Power Systems: Honeywell is the world’s leading innovator of automotive turbochargers, and is also the producer of some of the best-known consumer automotive product brands, such as Prestone® antifreeze/coolant, Autolite® platinum spark plugs, Holt Lloyd’s Teflon®, Simoniz® premium car care products, and FRAM® automotive filters. RECENT DEVELOPMENTS In a company like Honeywell, product innovation cockpits. Spectra® fiber is one of the world’s Lean Manufacturing techniques to increase effi- is not just a slogan. It’s the way the company strongest and lightest synthetic fibers, being ciency and customer satisfaction. Holt-Lloyd looks at its mission; staying on top of the cus- pound-for-pound 10 times stronger than steel. employees in Europe reduced inventory by $2 tomers’ needs is the pathway to success. • Sales of Honeywell’s Garrett turbochargers are million with improved forecasting processes. The • Honeywell’s Primus Epic® integrated avionics growing 65 percent in Asia as car and truck Software Solutions Lab in Bangalore earned the system will now display Jeppesen® navigation manufacturers rely on the technology for its Software Engineering Institute’s highest capabil- data, including electronic aeronautical charts, ability to enhance fuel economy without sacri- ity rating — Level 5 — and India’s Rajiv Gandhi obstacle data, geopolitical boundaries, and air- ficing performance. quality prize. In 2000, Honeywell also won port information. With Primus Epic’s Interactive • Honeywell’s global home-automation capabili- Australia’s top business excellence award, which Navigation (INAV), pilots will be able to view ties allow homeowners to manage indoor climate has standards so high that no one else has earned aircraft position, terrain, weather, and traffic on controls, fire and security systems, Web cameras, it in almost a decade. a moving map display in the cockpit. The first lights, and appliances from home or remotely. Honeywell’s people are the company’s great- implementations of Primus Epic with INAV will est differentiator. Performance really matters debut in the PlaneView™ cockpit in the PROMOTION here; all employees have tough goals and are held Gulfstream G500 and the EASy cockpit in the Consumers around the world can literally wrap accountable to them. Dassault Falcon 900EX. their hand around the most recognizable of In the end, it’s all about performance. • Honeywell’s Field Automation Service Tech- Honeywell’s products: the T-86, the Honeywell Honeywell has worked hard to build a culture that nology (FAST) initiative equipped 1,400 North Round™ thermostat. This simple and elegant emphasizes results and gives its people the skills, American building systems service technicians control device is found in more homes than any resources, and motivation to focus on what’s other thermostat in the world. Continuously important: satisfying customers, meeting or exceed- produced since 1953, the Round continues ing commitments, and driving innovation and pro- to symbolize the modern home and serves ductivity across the company. as an icon for one of the world’s most respected companies. THINGS YOU DIDN’T KNOW ABOUT BRAND VALUES HONEYWELL In a world that’s becoming more compli- cated and uncertain all the time, Honeywell ❍ Honeywell employs more than 100,000 is meeting challenges. Supplying superior people in nearly 100 countries. products is important — and Honeywell does it well. But what Honeywell does best is ❍ Honeywell is among the world’s leading solve customers’ problems. patent holders. The company was granted Great customer relationships drive per- 500 new patents in 2001 alone. Two of formance and create growth opportunities Honeywell’s patents are for items almost taken for granted today: the autofocus — and Honeywell’s are improving
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