Honeywell Nylon Specialty Polymers

News Release


Honeywell announces price increase for nylon 6 film-grade resins

MORRIS TOWNSHIP, N.J., June 2, 2008 -- Honeywell (NYSE: HON) Resins and Chemicals announced today a price increase of 12 cents per pound over the current price of nylon 6 film-grade resins, effective with shipments June 16, 2008, or as contracts allow.

The company re-evaluated its pricing on specialty polymers nylon products because of the continued rising costs of sulfur, natural gas, benzene and transportation.

Honeywell Resins & Chemicals produces the nylon feedstock caprolactam and other chemicals, specialty polymers, and ammonium sulfate fertilizers.

Honeywell International is a $37 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 www51.honeywell.com.

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.

This report contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of fact, that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements are based on management’s assumptions and assessments in light of past experience and trends, current conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by our forward-looking statements. Our forward-looking statements are also subject to risks and uncertainties, which can affect our performance in both the near- and long-term. 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.

Contact:

Peter Dalpe
973-455-4908
peter.dalpe@honeywell.com

 

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