FRIDAY, March 29, 2024
nationthailand

Honeywell opens Asean HQ in Kuala Lumpur

Honeywell opens Asean HQ in Kuala Lumpur

Honeywell, a Fortune 100 diversified global technology and manufacturing leader, is strengthening its presence in Southeast Asia by establishing a new Asean regional headquarters in Kuala Lumpur.

Speaking at Monday’s opening ceremony, Honeywell Asean president Briand Greer said: “We believe the Asean region offers tremendous growth potential due to its favorable demographics and alignment with Honeywell’s portfolio and global macro trends such as the growing middle class, urbanisation, green and efficient energy, safety and security, and digitisation. 
“We are strongly committed to the region. We have been here for more than 30 years, but this is a new chapter for Honeywell. We are excited to partner with the Malaysian and other regional governments and businesses to hire and develop local talent and bring our global resources and vision to these markets. Malaysia has been a great partner thus far, and we are very happy with our decision to locate our Asean headquarters here.”
With a dynamic, tech-savvy population of 650 million people and a fast-growing mid-segment, Asean is on track to be the world’s fourth-largest economy by the year 2050, he said. 
Countries within Asia-Pacific will also lead market growth in the Industrial Internet of Things (IIoT) arena, which is expected to be worth US$54 billion (Bt1.8 trillion) by 2020.
The new Asean regional HQ will support US-based Honeywell’s businesses across the region by providing leadership, local and timely decision-making and the capability to deliver innovative, specific solutions to industries including aerospace, oil and gas, automation and process controls, home and building solutions, industrial safety, mobile business productivity and automated warehouse operations, he added.

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