Honeywell to open new UAE facility

Honeywell to open new UAE facility
Honeywell will open a new facility in Abu Dhabi in 2017
Published: 26 October 2016 - 12:57 a.m.
By: Slavka Atanasova

Honeywell Process Solutions will open a new facility in the UAE capital Abu Dhabi in the first quarter of next year.

The new plant will be dedicated to locally manufactured products that would cater to the needs of the oil and gas sector alongside other industries in the region.

"The Middle East is one of our most critical regions and we are lucky enough to have been very successful there for the last several years," Vimal Kapur, HPS's recently appointed president, told a group of journalists on the sidelines of the 28th annual Honeywell Users Group Conference (HUG2016), which started in The Hague on Monday.

The US-based technology provider has a strong presence in the Middle East, where it has been expanding significantly in the past decade.

Some of the companies' core markets include oil and gas, utilities, aerospace, construction and others.

"We are present in every each and one of the countries there. We have big operations in the UAE, two manufacturing facilities in Saudi Arabia and are planning to open another one next year," Kapur said.

When asked what kind of growth strategy Honeywell has for the region, he said new investments will likely be driven by demand for higher efficiency but the recent drop in oil prices has led to a significantly lower number of opportunities.

"Given the current situation in the Middle East there are fewer opportunities in terms of new investments compared to the past. There is a significant reduction in the number of opportunities.

"Customers want to run their assets better; they want more return from their assets, which plays in well with our story as to how do we provide them with software that provides better return.

"This has been our focus around the world and also around the Middle East.

"We have very strong local capabilities so that we can deliver them locally and that’s one of our strengths."

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