08/20/2013

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Honeywell to invest USD 200 million in Louisiana

"Two years ago, we announced Honeywell's USD 33 million investment to manufacture new, environmentally preferable products here in Baton Rouge, because the company took notice of the work we were doing to improve Louisiana's business climate,” Bobby Jindal, Governor of Louisiana said. The money will be divided: USD 169 million will be used for engineering and new production capacity for new products, while USD 39 million will be used to support ongoing operations of catalysts, refrigerants, and absorbents. "The technologies we are discussing today are cutting edge,” Andres Kramvis, president and CEO of Honeywell's performance materials announced. He explained that products made at the Louisiana facilities are used by companies throughout the world. The Geismar facility is the world's largest producer of hydrofluoric acid, while the Baton Rouge fluorine plant produces environmentally-preferred refrigerants, company officials said. Public officials from all three regions, in addition to Jindal, touted Honeywell's investment and the importance of its presence throughout the state.

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