·North Star Pulp Industrial Complex LLC to Help Meet Growing Demand for Paper Products in China


·First Greenfield Paper Mill to Be Built in Russia in 35 Years

Built and operated by Russian North Star Pulp Industrial Complex LLC, but wholly owned by Chinese firm Heilongjiang Xingbang International Resources Investment Co. Ltd., the new pulp mill will use Honeywell’s Experion® Process Knowledge System (PKS) to run plant operations. The new mill will have an annual capacity of 230,000 tons of unbleached market pulp when fully operational. Start-up is expected in mid-2015.

The entire output of the mill will be exported to China to meet the growing demand for paper goods there, including construction material, packaging and other products. Consumption of paper-based goods in China continues to rise at a rate of around 10 percent a year and is expected to reach 115 million tons in 2015. The new pulp mill project is one result of efforts at greater cooperation between Russia’s Chita region and the neighboring Heilonhjiang province of China.

“Having efficient control systems in place helps improve production performance several times over, so we put a great emphasis on choosing the right ones. Honeywell’s Experion PKS fully meets our requirements in terms of energy efficiency, reliability and safety,” said Yang Guangwen, chief engineer and vice general manager, North Star Pulp Industrial Complex LLC. “In addition, Honeywell has offices in Siberia and in China, which will make our collaboration easier.”

Honeywell’s Experion® PKS will be installed in all of the mill’s major process areas including wood preparation, pulping and drying, as well as the chemical recovery and combined heat and power plant.

“Honeywell has the innovative technologies and the depth of experience in the pulp and paper industry to meet North Star Pulp Industrial Complex’s need for a highly productive and efficient pulp mill,” said Jarmo Kosunen, program director for Honeywell Process Solutions. “Our technology will manage every main process in the mill, improving productivity, process reliability and helping to prevent unplanned shutdowns.”

Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and performance materials. Based in Morris Township, N.J., Honeywell’s shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com. Honeywell Process Solutions is part of Honeywell’s Automation and Control Solutions group, a global leader in providing product and service solutions that improve efficiency and profitability, support regulatory compliance, and maintain safe, comfortable environments in homes, buildings and industry. For more information about Process Solutions, access www.honeywellprocess.com.

This release contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.

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