Honeywell and Chongqing Liangjiang New District sign a strategic cooperation memorandum

Honeywell recently announced the signing of a strategic cooperation memorandum with Chongqing Liangjiang New District to jointly promote the construction of aerospace industrial highland and technology R&D center in Chongqing Liangjiang New District and promote the application of Honeywell's automation control technology in the construction of Liangjiang New District. The memorandum of strategic cooperation is another important step since Honeywell’s friction material business, the world’s largest manufacturing base, settled in Chongqing’s Liangjiang New Area in May this year.

According to the memorandum of strategic cooperation, the two parties will set up a special work leading group to establish a long-term cooperation mechanism and use Honeywell’s global advanced technologies and advanced experience in the fields of aerospace, building control, energy conservation and environmental protection, security and security, etc. to combine the two rivers. The region has opportunities and advantages in the Midwest Development Strategy, and promotes innovation and development in the general aviation industry, smart cities, cloud computing, energy conservation and environmental protection.

Chongqing Liangjiang New District was formally established in 2010. It is the third state-level new district directly approved by the State Council following Shanghai Pudong New Area and Tianjin Binhai New Area. It is also the first national development and opening new district in China's inland areas. At present, more than 100 Fortune 500 companies have invested more than 120 projects in Liangjiang New Area. In 2011, the GDP of Liangjiang New Area reached 138 billion yuan, a year-on-year increase of 23.6%.

In terms of aeronautical construction, in order to assist Chongqing in building a full range of western aviation industry research and development bases, manufacturing bases, maintenance centers, airport construction and other industrial chains, and building a western general aviation industry highland, the two sides will cooperate in the review and development of commercial aviation in China for civil use. Opportunities on end-use aircraft platforms, and opportunities to assist Honeywell's industry-leading turboprop engines on relevant aircraft introduced in the two river regions.

In addition, relying on Chongqing’s strategic opportunity to obtain a pilot for the national low-altitude airspace management reform, Honeywell will participate in the design of low-altitude airspace management and FBO (General Aviation Service Station) construction in the Liangjiang New Area and provide technical support to help Chongqing achieve national level. International low-altitude aviation hub. To this end, Honeywell Aerospace has visited Chongqing several times to learn more about the local vision and needs for opening airspace in low altitudes and to share Honeywell's experience in low airspace management and planning.

In terms of technology research and development, the two parties will establish a Honeywell-Jiangsu District Joint Innovation Laboratory based on a memorandum of strategic cooperation to collaborate on Honeywell's core technology-related projects such as advanced materials and building automation, and develop smart cities. Innovation activities in areas such as smart buildings, cloud computing, energy conservation and environmental protection. Honeywell will also collaborate with universities, research institutes, and large companies in the Liangjiang New Area to carry out cooperation in research and development, and jointly promote the authorization and transfer of Honeywell-related technologies with the Liangjiang New District. In addition, Liangjiang New Area will actively promote and apply Honeywell's advanced technologies and solutions in cloud computing centers, LED lighting energy conservation, building automation control and energy saving optimization projects.

Mr. Sheng Weili, President and CEO of Honeywell China stated: “Chongqing is a very promising metropolis in the west of China. It has superior geographical location, a strong industrial base and a pool of talented people. The Liangjiang New Area is the first national development and opening new area inland. It has great potential and opportunities and is an important driver for the new round of large-scale development of the western region. I believe that this strategic cooperation will push our bilateral cooperation to a new level, which also marks Honeywell's positive development. We are also participating in another milestone in the economic development of the central and western regions. We look forward to contributing innovation results for China’s construction of an open economy in the interior and Chongqing’s modern industrial system, and jointly build a more energy-efficient, safer, and more efficient society.”

Xu Ming, secretary of the Party Committee of the Party Committee of Liangjiang New Area and director of the Management Committee, said: “Honeywell has world-leading advantages in the fields of aerospace, energy conservation and environmental protection, and safety and security. It is also the world’s first settled and put into production 500 after the establishment of the Liangjiang New Area. We are very pleased to see that first-class multinational corporations like Honeywell have established closer cooperation with the New District, and look forward to bringing more innovative technologies, advanced products and rich management experience to the New District to jointly promote the Chinese mainland. Development and economic prosperity."

Honeywell has a long history of investment and cooperation in Chongqing. In May of this year, the company invested 45 million U.S. dollars to build its largest friction material production base in Liangjiang New District and put into operation. In 2007, Honeywell Global Engineering Service Center was established in Handan, and both project revenues were realized in 2010 and 2011. 50 million yuan. In addition, Honeywell’s technology and solutions can be seen in major construction projects such as CO2 detection projects in Changshou Chemical Industrial Park, Chongqing Gas Group’s energy-saving retrofit projects, Chongqing International Airport, Chongqing Metro Line 1, and Chongqing Grand Theatre. Program.

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