Honeywell Signs Capran(R) Film Distribution Agreement With Leading European Packaging Company

Milan, Italy-based CFP Flexible Packaging to offer nylon 6 films for food and other markets

News provided by

Jan 27, 2010, 10:00 ET

MORRIS TOWNSHIP, N.J., Jan. 27 /PRNewswire-FirstCall/ -- Honeywell (NYSE: HON) announced today that it has signed an exclusive distribution agreement with CFP Flexible Packaging, a leading European packaging company.

CFP, which has more than 35 years of experience in the manufacture of bioriented and multilayer cast nylon films, will become the main distributor in Europe, the Middle East and Africa for certain Honeywell Capran® nylon films.

"The European packaging industry requires film technology that offers superior barrier capabilities with more flexibility – key attributes of Capran films," said Doug Wilson, global business manager for Honeywell's flexible packaging business. "CFP's established presence will help us reach more customers in this important region."

Capran films are simultaneously bi-axially oriented nylon 6 films, also known as BOPA films, with excellent strength, toughness and clarity, and superior oxygen-barrier characteristics. In addition to food packaging, the films are used in book covers, balloons, and bags and pouches.

"Honeywell barrier films are known throughout the industry for their performance and reliability," said Maurizio de Costanzo, chief executive officer of CFP. "We're pleased to offer Honeywell Capran flexible films to the European packaging market."

CFP will sell Capran 1200, 1500, 1500M, 2500 and 2500M. These films are manufactured at Honeywell's Pottsville, Pa., plant.

Honeywell is a global leader in the manufacture of films. In addition to Capran, Honeywell manufactures Aclar® moisture-barrier films for pharmaceutical packaging and PowerShield™ backing film for photovoltaic panels.

For more information, visit www.honeywell.com/capran.

Honeywell Specialty Materials is a 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 (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; 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 more news and information on Honeywell, please visit www.honeywellnow.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.

SOURCE Honeywell