OPERATIONS :
The Company operates in five business units and the operations details are provided below:
1 Honeywell Process Solutions (HPS) :
In line with Honeywells brand promise of building a world that is more safer & secure, more energy efficient, more innovative and productive, Honeywell Process Solutions has taken significant steps in 2007 to expand its solutions and products portfolio to address core and adjacent markets. These products and solutions will help improve our customers business performance, safety, reliability and efficiency. Some of these, which can significantly improve our customers performance are:
1. Energy Management Solution to meet complex load management requirements of industrial utilities.
2. Launch of new state of the art programmable automation controller to address fast growing metals, cement, power and chemicals market.
3. Integrated fire and gas solutions which significantly improve the response mechanism in case of fire or gas hazards.
4. Launch of new revolutionary one wireless solutions, which will reduce the cost of wires and installation time. Wireless sensors will also make it possible to get much more data than before which in turn will help to reduce cost, improve compliance and safety.
5. First of its kind corrosion monitoring solution to proactively avoid / reduce down time / disaster on account of corrosion
6. New product / solution launches like flow meters, wireless transmitters, flow provers & tank farm management system
7. Indian industry is facing major challenges in terms of skilled manpower availability, cyber security, efficiency improvement and faster project implementation cycles. Our services business has launched host of services to address above concerns.
HPS was won prestigious Frost & Sullivan Excellence Awards for Product Leadership and Brand Leadership for the year 2007. These awards recognize Honeywells relentless drive to meet customer needs and product demands. This award also stands testimony to the range of products offered by your company, your companys technology and reliability of your Companys products. HPS also won many prestigious orders in 2007 from its existing and new customers like Reliance Industries, Hindustan Zinc Ltd., Larsen & Toubro, BHEL, EID Parry, Hindustan Petroleum Corporation Limited, Indian Oil Corporation, Oil & Natural Gas Corporation, Tata Steel Limited, Haldia Petrochemicals etc. to mention a few.
HPS Services business also grew significantly in 2007 both in terms of contract services to maintain our customer installation and outcome based services by our advanced services organisation. With robust Indian economy forecasted for 2008 and significant investments in core sectors, we see a promising 2008 for this business.
3.2 Honeywell Business Solutions (HBS) :
Honeywell Building Solutions continues to grow with the market on all major business quantitative and qualitative parameters. This performance rides on the backbone of consistent business performance of all our lines of business - Install, Service and Energy.
The Install Business made significant progress in bagging major orders from major customers such as Reliance Group, TATA Group, Indian Oil Corporation, Delhi Metro Rail Corporation, VSNL, etc. Order booking is healthy and consistent ensuring sustained business performance and capacity management. Major macro trends of the construction industry bode well for continued and sustained Installed Business Performance. The Service Business continued to expand its site and scope presence across all major accounts, verticals and territories, reflecting the success of multiple customer contact mechanisms and SLA driven responses and performance.
The Energy Business performed well bagging prestigious contracts such as Ruby Hall Clinic and delivering earlier committed reductions to it customers. Diverse factors such as Energy costs coupled with Environmental Awareness are all going a long way towards creating a tremendously positive environment for the energy business.
Overall, the business continues to maintain business, technology and brand leadership and received awards from Frost & Sullivan for best integrated solutions provider, best security solutions provider and best energy services provider.
3.3 Environment and Combustion Control (ECC) :
ECC achieved good Revenue growth over 2006. ECC have won Building Management Solutions order for first Green Building Hotel Project in India, Claridges Hotel in Delhi along with other prestigious projects like GVK Mall, Sahara Hospital etc. Water Control products business have grown strongly in construction segment with new products like Balancing Valves, Motorized Butterfly valves and executed prestigious projects like Amritsar Mall, Bangalore Airport, Reliance Corporate office etc. Combustion business had a strong growth in Food and Metal processing industries.
This business continues to grow rapidly with growth in rising Construction Industry. It has a strong product portfolio to service this industry and with its premium brands it is poised to maintain its high growth momentum.
3.4 Sensing & Control (ECC):
S&C products business serves OEMs, Core Manufacturing segments viz. Automotive, Off-road Equipments, Medical, IT and Test & Measurement, etc by providing leading edge sensors and switches.
The Business has achieved revenue growth with start-up of local manufacturing lines of TPS and LCD hour meters for Automotive and various industries. The factory has received TS16949 letter of conformance from DNV. It will enable us to address growth opportunities in automotive market segment. The integration of sales in India for new line of business "Test & Measurement" was completed.
3.5 Global Engineering Services Business (GES) :
This business saw good growth of engineering work in 2007. The business saw some challenging environment due to Rupee appreciation in 2007, which has impacted its profitability. We are driving all actions to sustain both profitability and growth of this business in 2008. These actions include seeking better rates from our customers, improving our productivity and introducing higher end services. This business is also implementing Honeywell Operating System (HOS). HOS would elevate the level of productivity and quality of these operations and make it more competitive moving forward.
Your Company has started major operations towards product hardware export. Two Honeywell lines of products have already been approved for manufacture for global demand in 2008 and we expect this operation to expand in the coming years.
4. COMMUNITY DEVELOPMENT WORK :
HAIL has started a Child Sponsorship Program in close co-ordination with Sadhana Village an NGO. We have sponsored 40 children from Kolwan Valley Mulshi Taluka. This sponsorship monitors the child health and education. The funding has been made possible by the contribution from employees. This is used for various CSR activities that HAIL intends to undertake in the current year.
HAIL conducted Safety & Security Sessions for Schools in Pune - Dastur School, Rewachand Bhojwani, Abhinav Vidyalay, MMES Rathi School, Hutchings school were amongst the first batch of schools where HAIL organized demos and lectures (conducted by Usha Fire). These interactive sessions were to help the children understand the dos and donts of Fire safety and actions to be taken in case of an emergency. "Road safety" and "security at homes", were the other topics also highlighted. This was an awareness programme and was well attended by all the school children. Keeping our children safe and alert were the key reasons for conducting these sessions.
The Company continues its activities with community development work under the employee engagement program called DISHA. Volunteers also visit The School for the Handicapped Children at Wanowrie. Computer classes are organized for these children, besides lessons in English speaking, Mathematics and Science.
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