Honeywell and Haier sign a memorandum of global st

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Honeywell and Haier signed a memorandum of global strategic cooperation Qingdao, Shandong, China, January 22, 2011 -- today, Honeywell (NYSE: HON) and Haier Group announced the signing of a memorandum of global strategic cooperation. The two sides will cooperate to promote the development and promotion of low emission and energy-efficient solutions

this memorandum of cooperation was signed at the U.S. - China Economic and trade cooperation forum. It is also one of the many economic and trade cooperation agreements signed by the United States and China

according to the terms of the memorandum of cooperation, the two sides will carry out a number of cooperation projects in the fields of household appliances, smart home, civil combustion and control, and intelligent buildings. All cooperation projects aim at low emissions and high energy efficiency

more than 50% of Honeywell's product portfolio is related to energy and energy conservation. Said Mr. shendali, President and CEO of Honeywell China and India. Our technical advantages in energy-saving materials, intelligent buildings and industrial control are consistent with Haier's global brand strategy and its demands in energy conservation and environmental protection. Our cooperation will enable more consumers to benefit from low emission, energy-efficient products and solutions

the signing of the memorandum is the cornerstone for Honeywell and Haier to achieve mutual benefit and win-win results in the field of cooperation. It also shows Honeywell's confidence and determination to use its own advantages to strengthen cooperation with Chinese and traditional materials enterprises. Mr. shendali said

Mr. shariff Kan, President of Haier Group USA, said: Haier Group is actively promoting the globalization strategy from products to comprehensive solutions. In addition to the field of household appliances, Haier will also be committed to developing solutions with excellent performance and energy efficiency in smart home, buildings and more industrial fields. This cooperation will enable us to complete the mechanical property tests of various materials under tension, compression, zigzag, shear and other conditions by adopting different clamps for the main machine of our double-3 horizontal tensile testing machine. We will continue to explore the successful model of win-win development between Chinese and American enterprises, and ultimately benefit Chinese and American consumers

one of the cooperation projects between the two sides is to develop a thermal insulation solution for applying Honeywell innover 245fa foaming agent to Haier household appliances. This solution will ensure that Haier's household appliances meet the strict standards for energy consumption of household appliances set by the Energy Star program of the U.S. Department of energy, and that China's Ministry of environmental protection plans to eliminate the use of ozone destroying 141b foaming agent in the small household appliance industry by 2015. Honeywell innover 245fa blowing agent is a new blowing agent without any damage to ozone

the two sides will also jointly develop solutions for air conditioners, refrigerators and solar water heaters based on Honeywell's new generation of low global warming potential refrigerants and foaming agents. At the Copenhagen conference, China made a commitment to the international community that the country has a fast running speed. By 2020, carbon dioxide emissions will be reduced by 40% to 45% compared with 2005. Home appliance solutions based on a new generation of low global warming potential technologies will help enhance China's compliance process to reduce carbon dioxide emissions

in addition, Honeywell China R & D center will cooperate with Haier National Laboratory to support the technology research and development of Haier network smart appliance program

Honeywell international is a leading enterprise in the diversified technology and manufacturing industry in the fortune 100. Globally, its business covers aerospace products and services, building, home and industrial control technologies, automotive products, turbochargers, and special materials. Honeywell is headquartered in Morris, New Jersey, USA, and its shares are listed and traded on the New York, London and Chicago stock exchanges

Haier Group is the world's first brand of white appliances and the most valuable brand in China. Haier has set up 29 manufacturing bases, 8 comprehensive R & D centers, 19 overseas trading companies and more than 60000 employees worldwide. It has developed into a large multinational enterprise group

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