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The First World’s Top 500 Goes into Operation in Liangjiang New Area, Chongqing

Recently, the worldwide largest manufacture base for friction material business of the World’s Top 500 Honeywell has gone into operation in Liangjiang New Area.  This project was formally signed in September 2010, the construction of which was commenced in November 2010, making Honeywell as the first World’s Top 500 completed and going into operation in Liangjiang New Area.  The vice mayor Tong Xiaoping attended the ceremony of opening and going into operation. 

It is reported that Honeywell (Chongqing) Friction Material Co., Ltd., as a wholly owned subsidiary of Honeywell (China) Co., Ltd., is located in Yufu Industrial Park in Liangjiang New Area, covers an area of about 70,000 square meters and specializes in the production of brake pads made of hi-performance ceramic matrix composite.The phase 1 building area covers 27,000 square meters with an annual output of 21 million brake pads while the Phase 2 production capacity will rise to 42 million brake pads.

Honeywell is one of the world’s leading manufacturers engaged in friction materials needed in passenger vehicle, commercial vehicle and high-speed railway industries. Honeywell Friction Material Co., Ltd. has nearly one hundred years of experience in friction material production and sales. Its total annual production of brake pads in the world is about 100 million, and these brake pads are sold to main automobile manufacturers in the world, including Mercedes-Benz, BMW, Volkswagen, Peugeot, Citroen and GM. 

Sheng Weili, the president and CEO of Honeywell (China), says that the brake pads made of ceramic matrix composite to be made in Chongqing possesses advantages such as little micro dust and low noise, and their braking performance will be improved according to the needs of Chinese market. 

It is reported that nearly 100 World’s Top 500 companies have settled in Liangjiang New Area at present. The first completion and going into operation of Honeywell's manufacture base indicates that the strategy of multi-national enterprises going westward into Chongqing and settling in Midwest market in China is further accelerated.  

   

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