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Honeywell International Inc News

08 Nov 2019

Small Scale LNG Market to Grow by 6.81%

Global small-scale LNG market is expected to rise from its initial estimated value of USD 29.31 billion in 2018 to an estimated value of USD 49.66 billion by 2026, registering a CAGR of 6.81% in the forecast period of 2019-2026.Increasing demand for the LNG is the major factor for the growth of this market, said Data Bridge Market Research.The small scale LNG is especially used for the places where there is less production of LNG and they also don’t require large plants. They usually use tanker, ships and trucks.These small LNG has production capacity of 500000 TPY and are usually used where there is requirement of LNG by the consumers.

13 Jun 2017

Small Scale LNG Market to Grow at 2.5% to 2022

The Global Small Scale LNG Market is expected to grow over the CAGR of around 2.5% during the period 2014 to 2022, says a report by Market Research Future. The growth of the Small Scale LNG Market is majorly driven by increased demand for energy in the Asia-Pacific region. The government initiatives that focus on providing cleaner fuel, is driving the market, especially in countries such as India and China. The market is further driven by the growing adoption of LNG for heavy duty transportation purposes in the Europe and North American regions. However, the growth of this market can be restrained by the extensive investment required to construct LNG storage plants and fluctuation in global gas market prices.

12 May 2016

Maritime Hall of Fame Honors Marine Visionaries

C Duff Hughes (Photo:Maritime Association of the Port of New York & New Jersey)

The 23rd Annual International Maritime Hall of Fame reception and awards dinner took place yesterday evening in New York where five individuals were honored in front of more than 350 of their colleagues from the international maritime transportation industry. The Maritime Association of the Port of New York and New Jersey founded the Annual International Maritime Hall of Fame in 1993 to recognize maritime visionaries who, through excellence in their company, organization or services, best exemplify the qualities of futuristic thinking that guides the maritime industry.

26 Apr 2014

GE In Talks To Buy Alstom's Power Arm

U.S. industrial conglomerate General Electric Co is in advanced talks to buy the global power division of struggling French engineering group Alstom SA for about $13 billion, sources familiar with the matter said on Friday. Sources said a deal was backed by Alstom's main shareholder, French conglomerate Bouygues with 29 percent, and could be announced in the coming days after an Alstom board meeting on Friday afternoon. The board was due to meet again on Sunday to discuss the transaction, French daily Le Figaro said. "Talks are going ahead swiftly, the deal's structure is defined and everything is almost ready," one of the sources said. Alstom Chief Executive Patrick Kron confirmed to union representatives there were talks about an "industrial deal," but did not name GE.

24 Jan 2002

Knorr-Bremse Assumes Control of Bendix

Knorr-Bremse AG, Munich announced that it has assumed operational control of Bendix Commercial Vehicle Systems LLC from Honeywell International Inc. As part of the transaction, Knorr-Bremse acquired Honeywell's minority interest in Knorr-Bremse Systeme fur Nutzfahrzeuge GmbH of Munich, Germany and Knorr-Bremse Sistemas Para Veiculos Comerciasis Brasil Ltda of Sao Paulo, Brazil. The deal has passed review by U.S. regulatory authorities. Honeywell and the supervisory board of Knorr-Bremse have given their approval for the transaction late last year.The move completes the Knorr-Bremse international network. Four Bendix development and manufacturing…

16 Nov 2006

Gems Names Bras-Jorge as New President

Gems Sensors & Controls (Gems), a leader in liquid level, pressure, and flow sensors and miniature solenoid valves, today announced the appointment of Muriel Bras-Jorge to the position of President. Bras-Jorge, an executive with deep experience in engineering, lean manufacturing, and business development has held executive level positions at Jacobs Vehicle Systems Inc. (JVS), a Danaher company and Honeywell International Inc. Mrs. Bras-Jorge will have global responsibility for Gems which includes global sales and manufacturing facilities in Plainville and New Britain, Connecticut; Basingstoke, England; and all other global assets including Europe and Asia. Prior to her Business Development role, Mrs. Bras-Jorge was Vice President and General Manager of Medium Duty at JVS.

25 Apr 2001

General Dynamics To Buy Newport News Shipbuilding

General Dynamics Corp. said it would buy rival Newport News Shipbuilding Inc. for $2.1 billion in cash, creating the only U.S. builder of aircraft carriers and submarines for the U.S. Navy. General Dynamics' bid comes amid renewed consolidation in the defense industry, following Northrop Grumman Corp.'s $3.8 billion purchase last year of shipbuilder Litton Industries. The deal, if approved by regulators, would leave only two major U.S. contractors for naval military ships. Under terms of the transaction, General Dynamics will pay $67.50 for each of Newport News' 31.9 million shares outstanding and assume about $500 million in Newport News debt. The offer represents a 23 percent premium to Newport News' closing stock price of $55.05 on Tuesday.