Honeywell recently announced it will establish a new manufacturing campus in Zhangjiagang, China, to support growing demand in Asia for energy technology and advanced materials produced by its Performance Materials and Technologies (PMT) business.
The initial phase of the investment will include catalyst and adsorbents production capacity for Honeywell UOP, a PMT business that is a leading international supplier of catalysts, adsorbents, equipment and process technology for the petroleum refining, gas processing, petrochemicals and renewable energy industries.
"PMT continues to experience strong growth in Asia, driven by new process technologies and materials in demand in China and other parts of this key region," said Andreas Kramvis, president and CEO of Honeywell Performance Materials and Technologies. "This investment is an additional milestone in expanding PMT's global footprint and demonstrates our commitment to supporting our rapid business growth in China and the rest of Asia."
The more than 120-acre site is PMT's first wholly owned manufacturing campus in China and is located in an established, world-class industrial park in Zhangjiagang, which is located 85 miles northwest of Shanghai. The manufacturing operations are expected to source raw materials locally. The new manufacturing campus will also support sustainable economic development of Jiangsu Province through development of the local supplier base and labor pool.
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