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Honeywell to spin off advanced materials business

October 8, 2024Ken Showers, Managing Editor

CHARLOTTE, N.C. — Honeywell has announced a plan to spin off its Advanced Materials business into an independent, U.S. publicly traded company, targeted to be completed by the end of 2025 or early 2026. Vimal Kapur, chairman and CEO of Honeywell, said during a recent webcast with investors that it has been nearly a year since the company announced a reorganization to focus on the three megatrends of automation, aviation and energy transition. “As we continue to...

automation, aviation, CAES Systems, Carrier Global Corporation, energy transition, Honeywell, spin off, Vimal Kapur