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Honeywell Signs Supply Agreement with Chinese Company for Aclar(R) Film
Date:11/6/2008

Agreement with Haishun will help meet increasing demand for pharmaceutical packaging in China

SHANGHAI, China, Nov. 6 /PRNewswire/ -- Honeywell (NYSE: HON) announced today that it has signed a three-year supply agreement with Shanghai Haishun Packaging Material Co., Ltd., to provide the Chinese company with Honeywell's Aclar(R) brand moisture-barrier films for pharmaceutical packaging.

Honeywell will also provide technical services and training to Haishun as part of the agreement.

"We continue to focus on meeting the current and future packaging needs of the pharmaceutical industry for packaging materials which protect their products," said Rick Knight, global business manager for Honeywell's Heath Care and Packaging business. "Our supply agreement with Haishun will allow us to better serve our customers in the Chinese market."

Honeywell and Haishun are partnering to meet the steady and rapidly growing demand for pharmaceutical packaging in China. According to IMS Health, a pharmaceutical and health care market intelligence company, China is the largest and fastest growing market within the Asia-Pacific region for the pharmaceutical industry. In 2007, the Chinese pharmaceutical market recorded sales of $19 billion with annual growth of 26 percent.

"Honeywell has years of experience in technology innovation and offers market advantages in the area of specialty films," said Weir Lin, general manager of Haishun. "Our agreement with Honeywell will upgrade the technology and quality level of our products, and allow us to promote new moisture-barrier packing materials to pharmaceutical manufacturers in China."

To support the growing needs of its customers in China and the Asia-Pacific region, Honeywell S
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SOURCE Honeywell
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