Honeywell

Honeywell International is an American multi-industry industrial and technological corporation, included in the list of 100 leading world companies, compiled by Fortune magazine. The corporation provides services in areas such as aerospace engineering, administrative, industrial and residential building management technology, automotive engineering, turbochargers and special materials. Honeywell Corporation is headquartered in Morris, New Jersey, United States. The company's shares are listed on the stock exchanges in New York, London and Chicago.

Honeywell International Inc. has a clear vision for the industrial Internet of Things market, helping to optimize existing automation systems for customers. The company provides a range of reliable, ready-to-implement solutions covering all aspects of industrial IoT: intelligent, network-connected equipment and devices, data management and local control systems, analytics and secure teamwork.

The Tridium division of Honeywell developed a specialized operating system for IoT, called the Niagara Framework, which provides data transfer from devices and systems designed to optimize the operation of buildings, production equipment and utilities of entire cities. Enterprise-level security services, as well as analytics and professional services are integrated into the platform.

History

2021: Building a company to launch 'the most powerful quantum computer'

In early June 2021, Honeywell teamed up with quantum computer software startup Cambridge Quantum Computing (CQC) to create the world's largest specialized enterprise for the development and release of quantum computing systems and related software. Read more here.

2020: Purchase of medical and biological software developer Sparta Systems

At the end of December 2020, Honeywell announced the purchase of Sparta Systems for $1.3 billion. This deal and subsequent collaboration with Sparta Systems is expected to allow Honeywell to expand the reach of its Honeywell Forge platform, which helps the business analyze data from sensors from IoT systems. Read more here.

Aktivs

Honeywell Corporation includes:

• Honeywell Automation and Control Solutions is a developer in the field of products and services to improve efficiency and profitability, ensure compliance and maintain a safe and comfortable environment in administrative, industrial and residential buildings. This group includes Honeywell Process Solutions (HPS).
• Honeywell Scanning & Mobility (HSM) is part of Honeywell Corporation's Automation and Control Systems (ACS) business group. HSM is a manufacturer of image scanning and laser acquisition equipment, including secure mobile computers and barcode scanners . HSM offers products in the automatic identification and information collection market. The company manufactures information gathering equipment for retail, medical, transportation and logistics companies that want to optimize their operations and improve customer service. In addition, HSM offers advanced versions of software, services and professional solutions that help customers use data and resources more efficiently. HSM products are distributed worldwide through a network of distributors and dealers.
• Honeywell Urban Air Mobility is a drone development unit.

Business in Russia

Honeywell began its operations in Russia in the 1970s.

As of December 2013, its representative offices are located in Moscow, St. Petersburg, Kazan, Krasnodar, Irkutsk, Khabarovsk, Tyumen, Sakhalin and Samara.

The corporation supports many Russian educational programs, prepares educational materials and offers special courses at major educational institutions, including the Moscow Institute of Physics and Technology, St. Petersburg State Technological University, I. M. Gubkin Russian State University of Oil and Gas and Ufa State Petroleum Technical University.

2023

The court declared bankrupt the Russian "daughter" Honeywell

On August 28, 2023, the Moscow Arbitration Court (ASGM) declared bankrupt the Russian subsidiary of the American corporation Honeywell - LLC YUOP - under the simplified procedure of the liquidated debtor. The applicant in the case was Rosbank, the debt to which is 2.2 billion rubles.

Earlier in 2023, the Ninth Arbitration Court of Appeal agreed with the decision of the ASGM to recover 2.2 billion rubles from Yuop in favor of Rosbank. The courts found that in 2021 the company provided the parent structure with a loan of 2.3 billion rubles for a period of five years. This amount at that time amounted to almost half of the total assets of YUOP. In 2022, the company decided to cease operations in Russia, and then signed an additional agreement with Honeywell, which increased the loan repayment period to 50 years.

The Arbitration Court declared bankrupt the Russian subsidiary of the American corporation Honeywell

Rosbank objected: thus the loan actually became a gift without a real opportunity to get the money back. Under the contract, principal and interest at a rate of 3.375% per annum are returned simultaneously at the end of the loan term. This means that in 50 years the real value of the claim rights to Honeywell will amount to 52 million rubles (2.2% of the loan price at the moment), the bank said.

Also in this lawsuit, as an interim measure, the ASGM arrested money, movable and immovable property "YUOP" and the right to claim it within 2.25 billion rubles. The company and the parent structure were banned from amending the loan agreement. The court supported Rosbank's arguments that YUOP is not going to fulfill previously concluded contracts and the court's decision, since it stopped working in Russia and can now hide property.

We are talking about a 5-year loan that YUOP LLC issued to its parent structure in June 2021. After Honeywell International announced the termination of its activities in Russia in the spring of 2022, an agreement was signed between the parties that increased the loan repayment period to 50 years.^[1]

Honeywell could not bankrupt the Russian "daughter" due to its very deplorable state

On May 16, 2023, it became known that the court refused to initiate bankruptcy proceedings against the Russian representative office of Honeywell, an American corporation specializing in the production of electronic control and automation systems.

According to CNews, Honewell JSC was in an extremely deplorable financial situation. After the curtailment of Honeywell's activities on the Russian market, over 150 lawsuits were filed against the Russian structure of the company due to the formed geopolitical situation. Claims were made by Kaspersky Lab, the Kvant certification center, the Moskabel plant, the International Trade Center, the East Siberian Oil and Gas Company, the Rosgosstrakh Life insurance company and dozens of other organizations.

Honeywell could not bankrupt the Russian "daughter" due to its very deplorable state

On October 20, 2022, the research and production company (NPF) Special Industrial Technologies filed a bankruptcy lawsuit against Honewell JSC. Then other creditors of the Russian structure Honeywell joined the process: they included Rosbank, RUSAL Achinsky Alumina Plant JSC, A-integra JSC, Centrodorstroy JSC, Ervist Company LLC, Hypertekhnolodzhi LLC, Rekom pipeline parts plant, Avtomatika LLC and El ah Engineering LLC.

However, the court concluded that the property available to the debtor (taking into account the planned proceeds) is not enough to carry out the costs of the case, in particular, to cover legal costs and pay remuneration to the arbitration manager. It is said that in the documents provided by the initiators of the proceedings there is no evidence that Honewell JSC has property sufficient to reimburse expenses for the bankruptcy procedure. But in general, the consideration of the case is not completed. It is possible that one of the creditors will want to take all possible legal costs on themselves.^[2]

2020: Stoppage of equipment supplies for Russian SSJ100 aircraft due to US sanctions

Russian aircraft were SSJ100 left without spare parts. We are talking about the supply of airborne electronic equipment manufactured by the American company Honeywell. The reason for the disruption of supplies was anti-Russian sanctions. Interruptions with components have been observed since the beginning of the year.

2019

Revenue decreased by 6% to RUB 14.64 billion.

At the end of 2019, Honeywell took 15th place in TAdviser Ranking: the 50 most profitable representative offices of foreign IT companies in Russia. The Honeywell indicator in Russia includes the revenue of legal entities of Honewell JSC and Sistema Sensor Technologies LLC. The company's revenue for 2019 amounted to 14,646,698 thousand rubles, which is 6% lower than in 2018.

Third plant in Russia

On January 31, 2019, Honeywell Corporation officially opened a plant in Russia, the third in the country, which increases localization and will provide local customers with Russian-made industrial technologies.

The site is located in the special economic zone Lipetsk"" and will produce products for automation, fire and industrial safety, personnel protection and automatic systems. identifications

The opening ceremony was attended by the interim head of the Lipetsk region administration Igor Artamonov, General Director of SEZ PPT Lipetsk JSC Ivan Koshelev, as well as customers and partners of Honeywell.

For more than 40 years, we have supported Russian enterprises with technologies in the field of automation, petrochemistry, safety, productivity and energy efficiency. The opening of the plant is an important step in the implementation of our strategy to expand the localization of production and presence in Russia. By developing technologies on the ground, we will be able to respond faster to the needs of the Russian market.

Plant in Lipetsk - Honeywell greenfield project in Russia. On an area of ​ ​ 5,600 square meters. m housed assembly production, production of personal protective equipment, laboratories for testing and calibration, warehouses for raw materials and finished products, office premises.

Since 2018, production lines are gradually put into operation:

• controller and marshalling cabinets for distributed control systems Experion and emergency protection systems; Safety Manager
• means of protection against falling from a height (slings and ties);
• stationary and portable gas analyzers to ensure safety at industrial facilities;
• fire alarm systems, fire detectors, aspiration systems.

The assembly of 2D barcode scanners, printers and data collection terminals for product labeling will begin 2019 year. The production capacity of the enterprise for January 2019 is involved by 60%, reaching full capacity is planned by 2020.

The total investment in the project, which started at the end of 2016, amounted to more than 900 million rubles.

70 specialists of various profiles work at the launched plant, in total it is planned to create about 200 jobs.

As of January 2019, Russia has 20 offices and more than 1000 employees. The company also has offices in Kazakhstan, Belarus, Uzbekistan, Azerbaijan, Armenia.

Honeywell automation systems and UOP refining technologies are installed at all the largest oil refineries in Russia and other CIS countries. Honeywell avionics, auxiliary power plants and other products are installed on aircraft of Russian/CIS carriers. Honeywell equipment ensures the safety and efficient management of engineering systems at critical infrastructure facilities, commercial and industrial buildings, as well as objects of cultural value of state and world importance.

2018: Revenue - RUB 15.58 billion

Honeywell's revenue in Russia (Honewell JSC and Sistema Sensor Technologies LLC) for 2018 amounted to 15,587,515 thousand rubles.

2017

Since 2017, Honeywell has been investing in expanding the production of gas measuring equipment, gas regulators at medium and high pressures, pressure transmitters in Arzamas.

Expansion of the production of solutions for the gas industry at the plant in the Nizhny Novgorod region

Industrial Automation Division ^[3] Honeywell announced in April 2017 the expansion of the production of solutions for the oil and gas industry in Russia at the plant in Arzamas (Nizhny Novgorod region). These products include gas measuring equipment and medium and high pressure gas regulators.

As part of the localization, production lines, equipment production and personnel training will be established at the company's plant in the Nizhny Novgorod region. The company is part of the company "ELSTER Gazelectronics," owned by Honeywell.

2015

Since the end of 2015, Honeywell has included enterprises of the manufacturer of devices and metering systems for electricity, heat, water and gas - companies. Elster Both Elster facilities have a manufacturing and development center To Moscow in and,. Arzamas Nizhny Novgorod region

2013: Opening of a representative office in Russia

December 3, 2013 Honeywell Corporation announced the opening of an office in Samara. This event was the next step in the implementation of the strategy for the development of the company in Russia. The company's specialists will provide operational technical and service support to enterprises in the region operating in the oil refining, chemical and gas industries.

Honeywell solutions for automation and safety of production have already been installed at such large industrial facilities of the region as OJSC Syzran Refinery, OJSC Kuibyshev Refinery, OJSC Togliattiazot, OJSC Transammiak, OJSC Novokuybyshevsky Refinery (implementation is planned to be completed in the spring of 2014).

"We are pleased to offer our present and potential customers in the region expertise and innovative Honeywell technologies to solve global problems related to energy efficiency and security," said Leonid Sorkin, CEO of Honeywell Russia. "Our new representative office will increase the level of support for local customers, provide timely advice and service on the ground, reduce the time for delivery and installation of equipment."

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