HONEYWELL ANNOUNCES EXPANSION IN IRAQ WITH OPENING OF BASRA OFFICE
06/12/2011 Honeywell Process Solutions
Investment To Develop Strong Local Capabilities in Southern IraqBASRA, Iraq - December 5, 2011 - Honeywell (NYSE:HON) today announced an expansion of its Iraqi investment with the opening of a full-service office in Basra. Honeywell's second office to open in Iraq since 2010 will further strengthen the company's commitment to its customers and partners.
With a larger presence in the country than any of its competitors, Honeywell will use its new office to deliver leading-edge automation and control solutions, equipment and services. The new facility will also support the company's training and sales capabilities throughout the country.
Iraq's hydrocarbon industry is undergoing significant change and growth in the midst of re-construction. Honeywell technology is instrumental in providing the Iraqi Ministry of Oil and entities with optimal control of its production, efficiency and profitability.
"Iraq is on track to become a leading supplier of oil to the world within the next decade. To do this, the country and its workforce require significant private enterprise investment," said Chris Spear, vice president for New Growth Countries, Honeywell Process Solutions. "Honeywell is fully committed to playing a role in Iraq's reconstruction and development efforts, providing best-in-class technology as well as training the Iraqi oil and gas industry and workforce."
Honeywell announced the launch of operations and support in Iraq with the opening of its office in Baghdad in October of 2010.
For more information about Process Solutions, access www.honeywellprocess.com.
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