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Honeywell’s HoneypotPublished: 28 Apr 2009 18:03:40 PSTAuthor: Gady EpsteinFirst-quarter 2009 may have been a terrible one for most of the world, but not for Honeywell China. With double-digit, year-on-year growth, the American giant’s China business has been the only bright spot in the $37 billion (revenue) company. Honeywell ( HON — news — people ) struck a pact to sell engines to a Chinese helicopter maker and has a great shot at participating in China’s ambitious project to build a passenger airplane—for which the target date has just been moved up by four years to 2016.More From Forbes.com: In Pictures: Billionaires Love The Dollar In Pictures: Soccer’s Billionaires In Pictures: Millionaires Who Will Become Billionaires In Pictures: China’s Coming Of Age In The WTO War Who’s Holding World Leaders Accountable? For years to come, growth in the Chinese aviation business, already the second-largest in the world after the U.S., promises to be a boon for Honeywell. China will add up to 3,700 new planes from last year through 2027, according to a forecast by Boeing ( BA — news — people ). »If a company is in the aviation business then currently the biggest market is China,» says Joseph Tymczyszyn, executive director of the U.S.-China Aviation Cooperation Program.It may be obvious that Boeing and engine makers such as General Electric ( GE — news — people ) and Pratt&Whitney will benefit from that expansion. But Honeywell wins too, and not just in avionics for those planes, where it has a commanding position in the market. Honeywell will profit from accommodating all those planes and passengers—with the boring stuff that doesn’t make headlines when contracts are inked.China plans to spend close to $70 billion—and by some estimates significantly more—to build nearly 100 new airports and upgrade dozens more by 2020. Honeywell’s automated systems will compete for a piece of the operations at those terminals, for air-conditioning and security cameras in the terminals, for lighting up the runways and for guiding the planes to the gate.Last year’s Sichuan earthquake also embarrassed Chinese leaders into expanding the country’s tiny helicopter fleet; only 124 were available for civilian use, according to state media. Premier Wen Jiabao told aviation students in Beijing in December that the fact that China had to rent foreign helicopters to help earthquake victims »pricked my heart.» The government invested $73 million in the Jiangxi Province helicopter-production plant of Changhe Aircraft Industries, which aims to sell 300 new Z-11 helicopters in the next five to 10 years, using Honeywell engines to begin delivery early next year.Add it all up and Chinese spending—the headline stimulus figure alone is $585 billion over two years, but overall public investment could be much higher—might end up doing more for a few big American industrial companies than the U.S.’ »Buy American» package. Honeywell joins a list of potential beneficiaries of Chinese largesse that includes not only GE and Boeing but also Caterpillar ( CAT — news — people ), Cummins ( CMI — news — people ) and Timken. »We’ll certainly benefit a lot,» says George Ko, vice president and general manager for Honeywell Building Solutions in China. »The American stimulus plan, I don’t know how much it will benefit China—but certainly the other way around.»Why will American companies get a piece of the action? Beijing prefers its own kind for contracts but still wants Western technology as it upgrades China’s transportation infrastructure. (It should be noted that Chinese labor is behind many of those American products; Honeywell, for example, has 8,500 employees in China.)Honeywell supplies flight systems for many Airbus and Boeing jets, including the auxiliary power system that allowed Captain Chesley B. Sullenberger III to land US A弹簧 マビノギ rmt 弹簧 冷风机 kitchen cabinets online CNC Machining