Honeywell Group

Honeywell Group
Private
Industry Conglomerate
Founded 1972
Founder Oba Otudeko
Headquarters Lagos, Lagos State, Nigeria
Products
Services
  • Energy
  • Real Estate
  • Security
  • Hospitality
  • Power
Number of employees
 10,000
Subsidiaries
  • Honeywell Flour Mills
  • HOGL Energy Limited
  • Pivot Engineering Company
  • Uraga Real Estate
  • Anchorage Leisures
  • Pavilion Technology
  • Broadview Engineering
  • Hudson Power
  • Uraga Power Solution
  • Honeywell Energy
Website

Honeywell Group is a conglomerate based in Nigeria. It operates in diversified businesses such as food and agriculture, telecommunication and infrastructure, real estate and financial services.[1] The company was founded by Dr. Oba Otudeko, who is the group chairman.[2]

Overview

Honeywell started as a trading enterprise. Initially, the company majored in importation and marketing of commodities between the North and South of Nigeria and later across the West African sub-region, especially Ghana. Today, Honeywell Group is diversified along the lines of foods and agro-allied, real estate, infrastructure, energy and services.[3] During the Centenary anniversary of Nigeria in 2014, the Federal Government recognised the Honeywell Group among the top 100 companies in the country[4]

Subsidiaries

The Group is divided into five main sectors; namely, Foods & Agro Allied, Infrastructure, Energy, Real Estate and Services. The Foods & Agro Allied subsidiary is Honeywell Flour Mills Plc (flour-based consumer products) which is listed under the Nigerian Stock Exchange.[5] Under Infrastructure, there are Pivot Engineering Company Limited (an electrical and mechanical engineering contracting firm) and Broadview Engineering Ltd (an EPC contracting company in oil and gas).[6]

In the Energy sector, the Group’s interests include HOGL Energy Limited (an operator in the downstream sector of the oil industry); Hudson Petroleum Limited (representing the upstream oil activities of the Group); Hudson Power Limited (a power generation and distribution company) and Honeywell Energy Resources International Ltd (energy solutions provider). The Honeywell Group with its energy aspect of business partnered with General Electric (GE) in 2013 to boost power generation in Nigeria.[7]

Uraga Real Estates Limited (a property development company)[8] and Anchorage Leisures Limited (a tourism and hospitality promotion outfit) make up the Real Estate sector of the Group. While the Services sector has Pavilion Technology Limited (security services company).

References

  1. ↑ "Honeywell Group". World Economic Forum. Retrieved 2017-06-10.
  2. ↑ "Leadership - Honeywell Group". Honeywell Group. Retrieved 2017-06-10.
  3. ↑ "Honeywell Group: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2017-06-11.
  4. ↑ Adeleke, Dr. Wale. "Jonathan hosts CEOs of the Top 100 businesses in Nigeria - Regions". NaijaSky. Retrieved 2017-06-20.
  5. ↑ "HONYFLOUR:Lagos Stock Quote - Honeywell Flour Mill PLC". Bloomberg.com. Retrieved 2017-06-20.
  6. ↑ (http://www.hydrant.co.uk), Site designed and built by Hydrant (2012-11-08). "OBG talks to Oba Otudeko, Chairman, Honeywell Group". Oxford Business Group. Retrieved 2017-06-11.
  7. ↑ Gupta, Kasturi. "Honeywell and GE to build 150MW power plant in Nigeria". African Review (in Polish). Retrieved 2017-06-11.
  8. ↑ "Uraga Real Estate Company Profile | Matchdeck". www.matchdeck.com. Retrieved 2018-03-09.


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