HONEYWELL PARTNERS WITH RIDA TECHNICAL SERVICES TO FORM FIRST AUTOMATION JOINT VENTURE IN LIBYA

Honeywell Libya Technical Engineering Joint Stock Company to Offer Process Solution Technology and Services to Libyan Oil & Gas and Refining Companies

Honeywell (NYSE:HON) today announced that it has formed a Libyan company – Honeywell Libya Technical Engineering Joint Stock Company – together with its joint venture partner Rida Technical Services. The new company, to be known as Honeywell Libya JV, will provide process automation technology and services to local organizations and is the first automation joint venture between a global company and a Libyan company. Honeywell Libya JV has been registered with Libya’s Ministry of Economy and will be based in Tripoli.

Honeywell has made significant investment in its North African operations. North Africa is strategically important for Honeywell with its abundance of natural resources and established oil and gas production and refining sectors. In Libya, Honeywell Libya JV will provide local customers with an unprecedented level of support and service…read more

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