Honeywell Group is a conglomerate based in Nigeria. It operates in diversified businesses such as foods and agriculture, telecommunication and infrastructure, real estate and financial services. The company was founded by Dr. Oba Otudeko, who is the group chairman.
Overview
Honeywell operates across five main sectors. The Group is diversified along the lines of foods and agro-allied, real estate, infrastructure, energy and services. During the Centenary anniversary of Nigeria in 2014, the Federal Government recognised the Honeywell Group among the top 100 companies in the country
History
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. The company traded baking yeast, stock fish, glass, steel rods and other commodities. The Group has since evolved into a leading Nigerian conglomerate employing over 5000 staff. Honeywell Group has also recorded a number of milestones in its almost 5 decades of operations. Some of these milestones are: listing of Honeywell Flour Mills on the Nigerian Stock Exchange in 2009 after an initial public offering in 2008; opening of the first Radisson Blu hotel brand in Nigeria in 2011 ; and launch of the first trampoline park in West Africa, called Upbeat Recreation Centre, Lekki Lagos.
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 which is listed under the Nigerian Stock Exchange. Under Infrastructure, there are Pivot Engineering Company Limited and Broadview Engineering Ltd. In the Energy sector, the Group’s interests include HOGL Energy Limited ; Hudson Petroleum Limited ; Hudson Power Limited and Honeywell Energy Resources International Ltd. The Honeywell Group with its energy aspect of business partnered with General Electric in 2013 to boost power generation in Nigeria. Uraga Real Estates Limited and Anchorage Leisures Limited make up the Real Estate sector of the Group. Pavilion Technology Limited is the Group's operating company in the Service sector.
Contributions
Honeywell contributes to human and economic development through a number of initiatives. It has the Honeywell Baking School programme, which is a vocational training programme in Baking Technology. The programme offers participants skills on modern and more efficient baking methods that will ensure better baked products. Honeywell Group also runs the Honeywell Excellence Programme. HEP is a platform for young, intelligent Nigerian graduates of tertiary institutions to hone their business management skills by providing them with a comprehensive and robust training in business management principles, over a-12 month period. Recently, Honeywell launched an accelerator programme called Itanna. Itanna is a social impact investment aimed at facilitating rapid growth of innovative, tech-based start-ups and transform them into strategic enterprises that will further propel economic growth on the African continent. Finally, Honeywell regularly donates gifts, cash and products to orphanages as part of its corporate social responsibility.
