Diversified technology company
Honeywell International Inc.
) recently announced that its Turbo Technologies division, a
leading developer of automotive turbochargers, expects to launch
more than 100 turbocharger applications in 2014.
Honeywell VNT turbo has already been selected to power the Fiat
500L and 1.6L Multi Jet II diesel engine. Customers of Honeywell
all over the world will get access to gasoline, diesel, natural
gas and hybrid powertrains in both light vehicle passenger and
commercial vehicles category with the use of these new
Going forward, more than 20 new technologies are on the anvil for
passenger and commercial vehicles globally in 2014. The new
technologies are likely to improve the turbocharging performance
with new ball bearing designs for improved response and
efficiency, superior flow control valves for gasoline engines and
variable geometry applications for diesel engines to expand
performance capability. This in turn will reduce emission and
improve fuel economy at desired efficiency levels with more
advanced variable geometry turbos in diesels and will address the
growing gasoline segment globally.
With rising fuel costs and stringent rules and regulations for
emission controls for a cleaner and pollution-free environment,
turbocharging technology is increasingly gaining popularity
across the world. Honeywell expects turbocharging to grow
globally from 31% in 2013 to 38% by 2018. So far, Europe has been
the global leader in turbo penetration and the addition of
gasoline turbocharging is likely to increase its turbo
penetration to nearly 67% by 2018. Turbochargers are 20% to 40%
more fuel efficient in gasoline and diesel engines, respectively,
and help the smaller engines achieve similar power output in
comparison to larger engines.
Honeywell is a global diversified technology and manufacturing
company with a wide range of aerospace products and services,
control, sensing and security technologies for buildings, homes
and industry, turbochargers, automotive products, specialty
chemicals, electronic and advanced materials, process technology
for refining and petrochemicals, and energy efficient products
and solutions for homes, business and transportation. Honeywell
is a global leader with more than 500 current turbo programs in
its customer pipeline, which are all expected to come to market
in the next few years.
Honeywell currently has a Zacks Rank #3 (Hold). Other stocks
that look promising and are worth a look now include
Hutchison Whampoa Limited
), each carrying a Zacks Rank #2 (Buy).
HONEYWELL INTL (HON): Free Stock Analysis
HUTCHINSON WHAM (HUWHY): Get Free Report
MARUBENI CORP (MARUY): Get Free Report
3M CO (MMM): Free Stock Analysis Report
To read this article on Zacks.com click here.