Honeywell International Inc. (HON) has become the patent holder for the production of polyethylene waxes used in a variety of applications, from paints and coatings to adhesives and inks as well as a portfolio of manufacturing technology, after purchasing the rights from Evonik Industries.
Ziegler-Natta catalysts have been used in the purchased technology. Since 1956, these catalysts are being used for the production of polymers such as polyethylene. At present, many plastics and chemicals manufacturing unit are using this technique.
The technology features Ziegler-Natta catalysts, which have been used to produce polymers such as polyethylene since 1956. Today, the majority of plastics and chemicals manufactured around the world are produced using this technology.
Currently, Honeywell offers a range for wax additives for the production of polyethylene waxes. The new technique will supplement the existing one, and in turn, will boost the performance of a variety of products worldwide.
The technology will supplement Honeywell's existing extensive line of wax additives, which will help to improve the performance of a variety of products around the world. Honeywell waxes make paints and coatings more durable; help pipe manufacturers extrude PVC faster and reduce energy usage while improving the stickiness of labels and cardboard box adhesives.
Honeywell has the designation of being the first commercial manufacturer of low-molecular-weight polyolefin polymers, bagged more the 50 years ago. The new technique will enable the company to meet the complexity of its customers in the paints, plastics, coatings, adhesives and inks industries.
Based in Morris Township, N.J., Honeywell International Inc. is a Fortune 100 company, providing technical and manufacturing support to customers worldwide. It also provides aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Major competitors of Honeywell are BorgWarner Inc. (BWA), United Technologies Corp. (UTX) and Johnson Controls Inc. (JCI).
We currently maintain our Neutral rating on Honeywell, with a Zacks #2 Rank (Buy recommendation) over the next one-to-three months.
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