Honeywell(US:HON) Su Zhou Ri Bao·2025-08-30 23:24Core Insights - The meeting between Suzhou's municipal secretary Liu Xiaotao and Honeywell China's president Yu Feng highlights the company's commitment to expanding its investment in Suzhou, a city recognized for its strong industrial base and emerging sectors [1][2]. Group 1: Investment and Economic Development - Honeywell has established seven wholly-owned or joint venture companies in Suzhou, focusing on smart industrial technology, energy, and sustainable technology [1]. - Suzhou is characterized by three trillion-level industries: equipment manufacturing, electronic information, and new materials, indicating a robust industrial ecosystem [1]. - The local government emphasizes the development of new materials and emerging industries such as biomedicine, low-altitude economy, and artificial intelligence, aiming to foster new productive forces [1]. Group 2: Strategic Collaboration - Liu Xiaotao expressed hope for Honeywell to leverage its advantages and deepen cooperation in areas like new materials, fine chemicals, smart manufacturing, and aerospace [1]. - The local government is committed to enhancing service support, strengthening intellectual property protection, and introducing policies to support foreign enterprises' reinvestment of profits [1]. Group 3: Honeywell's Commitment - Yu Feng acknowledged Suzhou's supportive environment and expressed Honeywell's intention to deepen its commitment to the Chinese market, particularly in Suzhou [2]. - Honeywell plans to strengthen its localization strategy, increase R&D investment, attract talent, and promote the localized development and manufacturing of innovative products [2].