Top 10 Conglomerates in the World 2016

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4. Honeywell International

Honeywell International Inc. was founded by Mark Honeywell in 1906. It is headquartered in Morris Plains, New Jersey, USA.

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The current company is a result of the acquisition of Honeywell Inc by a larger company AlliedSignal in 1999 and the former’s brand name was retained due to its superior brand recognition. It is a multinational conglomerate that manufactures products for commercial purposes and customers.


Its customer range from private consumers to large corporations and Governments. It operates using three business units operating in Aerospace, Performance Materials and Technologies, Automation and Control Solutions.

Honeywell Aerospace provides products and services for aerospace industry. Its products are found virtually in all aircrafts including defense and space aircraft while its turbochargers are used by almost every auto and truck manufacturer. It provides technologies for cockpit systems, air traffic managements, precision guidance, runway and flight safety technology. It serves to four businesses – commercial original equipment, commercial aftermarket, defense and space, transportation systems.

Honeywell Performance Materials and Technologies develops and manufactures advanced materials, technologies for process improvement, and automation. Its subsidiary UOP provides process technology, and different products such as catalysts and adsorbents that are used to produce different petrochemical products such as gasoline, diesel etc. Advanced materials manufactured include products such as resins, phenol, fluorocarbons, specialty films, electronic materials.

Honeywell Automation and Control solutions provides a broad range of products, software and other technology for environmental and energy requirements. Some of these products include control systems and sensors for fire safety, industrial safety and other applications e.g. personal protection instrument, video surveillance. It provides products for automation of industries as well as home/building control such as rugged computing devices for data collection.

It competes with some of the largest and most innovative companies in the world. Its aerospace division competes with the likes of General Electric and United Technologies. The Automation unit competes with Siemens and 3M. Performance materials division competes with BASF, Dow, Dupont and others.

Revenue: $38.6 Bn

Profit: $4.8 Bn

Assets: $49.3 Bn

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