Honeywell sees bigger role for China unit

Honeywell International Inc is expecting more exports from its Chinese division as it benefits from more Chinese clients establishing themselves overseas, an executive with the US technology and manufacturing leader said.

"Our exports from China has been growing 5 to 10 percent annually in the last two or three years for total industrial business, which was already higher than the historical figure," said Chris Dartnell, vice-president and general manager of strategic geographies at Honeywell Process Solutions. "The growth figure will continue to increase because of more big projects in the pipeline."

Honeywell has been enjoying an average overall revenue growth of 21 percent over the last five years, Dartnell said.