Honeywell Turkey Doubles Revenues in Three Years

-Honeywell established in Turkey in 1992; today has more than 300 employees in the country
-Honeywell’s connected, software-industrial technology enabling Turkish companies to benefit from the Industrial Internet Of Things

Istanbul, TURKEY Dec. 12, 2017 – Honeywell (NYSE:HON) has doubled its revenues in Turkey in only three years, as a result of rising demand for latest technologies that improve the performance, efficiency, safety, security and connectivity of industry. The growth announcement was made by Honeywell’s president of Turkey and Central Asia, Orhan Geniş, at a press conference held today in Istanbul to celebrate the 25th anniversary of Honeywell’s business in Turkey.
Honeywell is one of the world’s largest software-industrial companies, providing innovative, connected technologies to key industrial sectors around the globe. Honeywell’s approach combines physical hardware, software, services, and deep domain knowledge to connect people, processes, and assets within an organization. Honeywell is assisting Turkey’s industrial sectors in capitalizing on the Industrial Internet of Things (IIoT), where software and the internet are used to connect separate technologies across an operation in order to drive greater productivity and growth.
“Turkey benefits from having ambitious industrial sectors that embrace innovation. That is why the country is part of our group of our ‘High Growth Regions’, which together are expected to deliver 60 percent of global GDP over the next decade, and account for more than 50 percent of Honeywell’s growth between 2012 and 2017,” said Mr. Geniş. “Whether our customers are running petro-chemical plants, aircraft fleets, or skyscrapers, their operations are generating vast quantities of data – data that has untapped customer value locked within it. Our technologies help customers extract that value and, in doing so, enable them to make better informed decisions that improve the safety, security, efficiency, and productivity of their operations.”
Honeywell Turkey opened its first office in Istanbul in 1992 with a staff of only 10 people. Today it has more than 300 employees located at three sites in Istanbul, Ankara, and Izmir, and supplies the country’s main industrial sectors with technologies including operational control systems for refineries and petro-chemical plants, advanced software and hardware for civilian and military aircraft, connected building solutions, fire safety and security systems and warehouse and logistics automation technologies.
Of the company’s 23,000 engineers around the world, 11,000 are focused on software development and the company expects approximately 60 percent of its growth over the next five years to come from software-related sales. This includes everything from embedded connected technologies to mobile applications to cloud-based software.
Honeywell’s industrial technologies can be found in numerous industries and corporations across Turkey today, including:
• Petro-chemical facilities operated by TÜPRAŞ (Turkish Petroleum Refineries Co.), BOTAŞ (Petroleum Pipeline Corporation) and PETKİM,
• Smart buildings such as the Türkiye İş Bankası Technology & Operation Center, the New Istanbul Airport and Ford’s Otosan Plant,
• Turkey’s locally-developed T-129 ATAK helicopter and Turkish Light Utility Helicopter projects,
• On board the aircraft fleets of Pegasus Airlines and Turkish Airlines.