SEOUL (Reuters) – General Motors’ (GM.N) South Korean unit plans to ask its U.S. headquarters to roll over a debt of 988 billion won ($929.1 million) owed by the loss-making unit and coming due in April, a source with direct knowledge of the matter told Reuters. The logo of GM Korea is seen at its… Continue reading UPDATE 1-GM Korea to ask GM to roll over debt, cut interest rate -source
Author: Honeywell Official News
Honeywell Announces Darius Adamczyk To Assume Chairman Title In April 2018; Names Duncan B. Angove To Board Of Directors
— Board of Directors nominates Adamczyk to serve as both Chairman and CEO beginning after Honeywell’s Annual Shareowners Meeting on April 23– Single leader will help Honeywell navigate a period of significant portfolio change and drive a strategic shift toward becoming a software-industrial leader– Angove, who is President of Infor Inc. with more than two… Continue reading Honeywell Announces Darius Adamczyk To Assume Chairman Title In April 2018; Names Duncan B. Angove To Board Of Directors
Honeywell Reports Strong Fourth Quarter And 2017 Results, Raises 2018 Guidance To Reflect Lower Tax Rate
• Exceeded Fourth-Quarter Earnings Per Share Guidance on Stronger Margins• Fourth-Quarter Reported Sales Up 9%; Organic Sales Up 6%, Driven by Strength in Aerospace Aftermarket, UOP, Advanced Materials, and Intelligrated• Segment Margin Expansion Driven by Strong Top-Line Growth, Productivity, and Repositioning Benefits• Fourth-Quarter Operating Cash Flow of $2.2B; Free Cash Flow of $1.8B, Conversion of… Continue reading Honeywell Reports Strong Fourth Quarter And 2017 Results, Raises 2018 Guidance To Reflect Lower Tax Rate
Honeywell Awarded Exclusive Maintenance Contracts For Allegiant Air’s Power And Avionics Systems
PHOENIX, July 23, 2018 /PRNewswire/ — Honeywell (NYSE: HON) has been selected by Allegiant Air to provide maintenance, repair and overhaul services for its auxiliary power units and select avionics components across its fleet of new Airbus A319 and A320 aircraft. The agreement also includes the replacement of non-Honeywell auxiliary power units (APUs) with Honeywell’s 131-9A… Continue reading Honeywell Awarded Exclusive Maintenance Contracts For Allegiant Air’s Power And Avionics Systems
Jiangsu Jiarui Chemical To Produce On-Purpose Propylene Using Honeywell’s Oleflex™ Technology
DES PLAINES, Ill., July 23, 2018 /PRNewswire/ — Honeywell (NYSE: HON) announced today that Jiangsu Jiarui Chemical Co., Ltd. will use Honeywell UOP’s C3 Oleflex™ technology to produce 450,000 metric tons per year of polymer-grade propylene at its facility in the Taixing Industrial Zone in China’s Jiangsu Province. Honeywell will provide licensing, the process design package,… Continue reading Jiangsu Jiarui Chemical To Produce On-Purpose Propylene Using Honeywell’s Oleflex™ Technology