Honeywell(US:HON) Guan Cha Zhe Wang·2025-11-12 10:16Core Insights - Honeywell has established a deep-rooted presence in China since its first dealership in Shanghai in 1935, intertwining its development trajectory with China's economic landscape [1][4] - The company emphasizes its "Eastern Service for the East" strategy, focusing on local partnerships and innovation to meet the specific needs of the Chinese market [1][5] Company History and Development - Honeywell entered the Chinese market in 1935 and became a key player in various sectors, including refining and petrochemicals, following its selection by the U.S. government during President Nixon's visit in 1972 [4] - The company accelerated its expansion in the 21st century, with all business groups establishing operations in China by 2003 and the opening of a research and development center in Shanghai in 2004 [4] Strategic Direction - The "Eastern Service for the East" strategy is characterized by local teams leading the design, procurement, and production processes based on market demands, rather than merely localizing foreign products [5] - Honeywell has launched eight new products tailored to the Chinese market during the recent China International Import Expo, covering sectors such as semiconductors and industrial automation [8] Local Partnerships and Innovations - The company has formed multiple collaborations in the smart building sector, including partnerships with local hotels and property companies to create customized low-carbon solutions [9] - Honeywell has established a comprehensive localized innovation system in China, with R&D centers in major cities and production bases in Xi'an, Tianjin, and Guangzhou [9] - A significant portion of products sold in China is locally developed and produced, accounting for over half of the current sales revenue [9]