Unprecedented rise in cost of sulfur driving price change

MORRIS TOWNSHIP, N.J., March 3, 2008 -- Honeywell (NYSE: HON) Fluorine Products announced today a price increase for HFC-134a refrigerant impacting automotive customers in North America, effective with shipments on March 7, 2008 or as contracts allow.

HFC-134a prices in North America will increase on average by 9 percent for bulk and packaged products.

Fluorocarbon producers in the U.S., Europe and China have been impacted by a sudden and dramatic cost increase for sulfur and sulfuric acid. Sulfuric acid is a key raw material used to produce hydrofluoric acid (HF), which is a key raw material used in the manufacture of HFC-134a.

Global sulfuric acid prices have risen by more than 500 percent in recent months due, in part, to a strong increase in demand for agricultural fertilizer worldwide. According to industry experts, the tightness in global sulfur markets is expected to continue into 2009.

For customer inquiries, please contact Rick Winick at 973-455-6702.

Honeywell Specialty Materials, based in Morristown, N.J., is a $4.9 billion, global leader in providing customers with high-performance specialty materials, including fluorine products; specialty films and additives; advanced fibers and composites; intermediates; specialty chemicals; electronic materials and chemicals; and technologies and materials for petroleum refining.

Honeywell International is a $36 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell’s shares are traded on the New York, London and Chicago Stock Exchanges. For additional information, please visit www.honeywell.com.

Media Contact:
Robert Donohoe
(973) 455-4114
Robert.Donohoe@honeywell.com