Honeywell reaffirms Thai investment, expansion plans

Corporate March 13, 2018 16:06

By The Nation

Honeywell on Tuesday reiterated its “Power of Connected”-driven investment and business expansion plans in Thailand, with the US-based technology company committed to strengthening its partnership with Thai business, industry and government.

As a premier software-industrial company, Honeywell is well positioned to contribute to the government’s “Thailand 4.0” vision, which focuses on transforming Thailand into a value-based and innovation-driven digital economy.

“Thailand is a key strategic market among our high-growth regions, which benefits from having ambitious industrial sectors that embrace innovation. We expect our growth rate in this market to be well above Thailand’s GDP [gross domestic product] growth over the next five years,” said Shane Tedjarati, president of Honeywell Global High Growth Regions.

For more than two decades, Honeywell has grown along with Thailand’s industrial sector, enhancing its infrastructure network and supporting its economic development, he said. 

The company maintains a strong leadership position in providing high-quality home and building technologies, safety and productivity solutions, performance material technologies and aerospace products and systems to local customers as Thailand continues to develop a smarter, safer and more sustainable society, he added.