Honeywell’s History

In 2002, Gao Dewei was appointed chairman and CEO of Honeywell. Under his leadership, the company has focused on five key initiatives: growth, productivity, cash, people and methods (Honeywell Operating Systems, Functional Transformation and Rapid Product Development). Honeywell operates systems and capabilities to transform to strengthen Honeywell's position as one of the world's leading companies in the new millennium.

Honeywell's history can be traced back to 1885, when a man named Albert Obuz invented a patented furnace regulator and alarm. He founded the Orbs Thermoelectric Regulator Co., Minneapolis on April 23, 1886 and a few weeks later invented a simple but ingenious device he called the "shock absorber insert."

Here's how it works. When the room temperature drops below the scheduled cooling, the thermostat closes the circuit and energizes the armature. This is stopped from the gear motor, allowing the crank connected to the main motor shaft to turn half of the revolution. Attach the air damper to the crank to open the furnace and let air in the A-chain. This makes the fire hot. When the temperature rises to a predetermined level, the thermostat signals the car to turn to the other half of the revolution, ending the damping and damping fire. Temperature correction is automatic. Over the years, many Honeywell products have been based on similar, but more complex, closed-loop systems.

The Integrated Temperature Control Co., Ltd. was established, acquiring the patents and business of Orbutz, and in 1893, the name was changed to The Thermal Regulator Co., Ltd. The first thermostat featured in the famous advertising run in 1895 . In 1898, the company was purchased by W. R. Sweet, and by 1916, changed the company's name to the Minneapolis Thermal Regulator Company, expanded its product line, and patented the first electric motor by Underwriters Laboratories recognized.

Meanwhile, in Wabash, Indiana...

Meanwhile, in 1904, young engineer Mark Honeywell was perfecting his pipes as and the heat generated by the heating portion of the business. Two years later, he established Honeywell Heating Professionals, adding the hot water heat generator specialty.

By 1912, EMR had expanded its product line and changed its name to the Minneapolis Thermal Regulator Company (MHR). Four years later, the patented first motor for average heart rate was recognized by Underwriters Laboratories.

1927 Merger: In 1927, the Minneapolis Heat Regulating Heating Company and the Honeywell Professional Company merged to form the Minneapolis, Honeywell Regulator Co., Ltd., which became The largest producer of high quality gemstone timepieces. Citizen Sweet became chairman and president of Mark Honeywell Corporation. The company has made several acquisitions in areas of control. One of the acquisitions was Brown Instruments Ltd., a global leader in industrial controls and indicators, and inventor of the pyrometer. Edward Brown had previously invented the carbon rod pyrometer in the mid-19th century, and there was no accurate way to measure high temperatures in foundries and kilns. Minneapolis, Honeywell Regulators, Inc. uses its scientific and engineering talents to reinvent itself and adapt to changing times. Mass production was perfected and a range of aviation equipment expanded the company's product portfolio. In 1942, the company invented the electronic autopilot (C-1), which proved crucial to the American war effort.

In 1953, the company introduced the T-86 "round" thermostat, which replaced the bulky, rectangular model. One of the most recognizable designs in the world, it is still in production and can be seen around the walls of more homes than any other thermostat in the world.

In 1954, the company acquired Doelcam Corporation, a manufacturer of gyroscopes. Over the next 20 years, the company continued to improve gyroscopes, making them more sensitive and accurate while reducing their size and weight.

In 1955, a joint venture company called Datamatic was established with Raytheon, which marked Honeywell's formal entry into the computer business. The company's first computer system, the D-1000, weighed 25 tons, took up 6,000 square feet and cost $0.5 billion.

In 1957, Honeywell Regulator Co. of Minneapolis purchased the fire detection and alarm company, the first acquisition of many that would build what is today the world's leading security business. In many North American cities, red and black "Protected by Honeywell" window stickers and placards have almost become known as Round Thermostat.

Raytheon acquired an interest in computer companies in 1960, and the company name was changed to Electronic Data Processing (EDP).

The company's name was officially changed to Honeywell in 1963, although it has been referred to as such understatedly for nearly 40 years. Six years later, the Honeywell instrument helped American astronauts Neil Armstrong and Edwin "Buzz" Aldrin land on the moon. During World War I, Germany took control of the world's chemical industry, causing shortages of goods such as dyes and pharmaceuticals. In response, a 1920 Washington Post issue led Eugene Meyer and scientist William Nichols to form the United Chemical and Dye Company, a merger of five American chemical companies established in the 19th century.

In 1928, Allied forces opened an ammonia plant near Virginia, Virginia, to become the world's major producer of ammonia.

This is the company’s earliest entry into a new market risk. After World War II, the Allies began producing other new products, including nylon 6 (for everything from tires to clothing) and refrigerant products.

In 1958, it became United Chemical Company and incorporated it into Morristown, and the company's headquarters moved to New Jersey.

In 1962, Union acquired United Texas Gas, which owned oil and natural gas throughout the Americas. Allied believed this was primarily because of its raw material suppliers for chemical products, but this changed in the early 1970s when Conner's CEO John (Lyndon Johnson, Secretary of Commerce) sold much of Allied's unprofitable business. , investing in oil and gas exploration. By 1979, when Edward Hennessy Jr. became CEO, United Texas produced 80% of Allied's revenue.

Under its new name, United Corporation (1981), the company went on to purchase Bendix Corporation, an aerospace and automotive company in 1983. By 1984, Bendix generated 50% of Allied's revenue, while oil and gas generated 38%.

In 1985, merged with Allied Signal Corporation, adding to its critical aerospace, automotive and engineering materials business. Founded in 1922 by the Sam Morris Company as the Signal Gasoline Company, Signal was originally a California company producing gasoline and natural gas. In 1928, the company's oil production changed its name to Signal Oil & Gas, which entered the same year. Signal merged with Garrett Corporation, aerospace company headquartered in Los Angeles, and adopted its corporate name Signal Corporation in 1968.

The Garrett Signal division makes United Signal's largest business unit besides Bendix Aerospace. In 1985, the company sold 50% of Alliance Texas, and in 1986 it formed 35 non-strategic businesses through divestitures and the divestiture of the Henry Group of Companies

In mid-1991 a new CEO, Lawrence Bossidy, and AlliedSignal's new leadership team across many key businesses, began a comprehensive transformation program. Take bold action to improve cash flow and operating profits, increase productivity, and position your company as a globally competitive company for the future. Allied Signal was renamed Allied Signal Corporation in 1993 to strengthen the company's image and mark the full merger of all its operations.

In 1992, the company sold residual interest through a $0,000,000 net proceeds public offering in Alliance Texas.

Throughout the 1990s, the growth and productivity led by Lawrence Bossidy translated into a 5-fold increase in the market value of AlliedSignal stock, significantly exceeding the Dow Jones Industrial Average and S&P 500.

Honeywell was founded and formed by creative technicians and exceptional leadership. These same values ??underpin the new Honeywell. The new Honeywell captures the best of its AlliedSignal and Honeywell heritage and is one of the world's leading companies. Honeywell's history in China can be traced back to 1935. At that time, Honeywell opened its first distribution agency in Shanghai. When U.S. President Richard Nixon visited China in 1973, he was invited by the Chinese government to recommend elite companies from ten major fields to come to China to promote two-way exchanges between the two countries and promote China's modernization drive. Among them, UOP, the only American company in the refining and petrochemical field selected to be recommended to the Chinese government, is a subsidiary of Honeywell. The reform and opening up in the 1980s became another new starting point for Honeywell to integrate into China's economic development. As one of the first multinational companies to set up a representative office in Beijing, Honeywell began a series of high-quality investments at that time.

Honeywell's four major business groups have all settled in China, and the Asia-Pacific headquarters of all its business departments have also moved to China. It has 41 wholly-owned subsidiaries and joint ventures in multiple cities in China. Honeywell's total investment in China is approximately US$600 million and it has approximately 12,000 employees.

Honeywell’s building automation business in China is divided into building automation and residential automation. In addition, we have a central engineering center to provide customers with pre-sales and after-sales engineering services. Today, Honeywell has taken a leading position in the building automation and industrial automation markets and has 15 offices, a production plant and a huge sales network in China. At the same time, a training center was established in Tianjin to train our engineering and management personnel, and provide training plans and courses for distributors and users

Honeywell UOP announced on March 22, 2013 that UOP will provide Provides related technologies for propylene production. Fujian Meide Petrochemical Company will use Honeywell's UOPC3 Oleflex(TM) process technology for propane dehydrogenation to produce propylene, a basic raw material for the production of materials such as films and packaging.

The project is located in Fujian Mede's production base in Fuzhou, Fujian. In addition to technology licensing, Honeywell UOP will also provide engineering design, catalysts, adsorbents, process equipment, employee training and technical services for the project.

The UOPC3Oleflex process uses propane dehydrogenation technology (PDH) to convert propane into propylene. Compared with other similar propane dehydrogenation technologies, Oleflex technology can bring the lowest production cash cost investment, the highest return on investment and the smallest occupation of environmental resources. The excellence of Honeywell's UOP technology stems from its low capital costs, low energy consumption, high propylene yield and production stability, and maximum operational flexibility. On April 2, 2013, Honeywell launched its first medical technology transfer laboratory in the world at the High-tech Medical Equipment Park in Optics Valley Biocity.

It is reported that Honeywell and Dechuang (Wuhan) Company have finally established a "Diagnostic Biochip R&D Laboratory" to implement and industrialize technologies such as rapid diagnosis of infectious diseases in Han. In the future, "Huo's" will continue to graft Wuhan's local resources with external brains and seek cooperation from more companies to promote the industrialization of its achievements in the field of medical devices.