Honeywell’s Chemicals Sales Rise 24%

Sales in Honeywell’s performance materials and technologies segment, which includes chemicals, rose 24% year-on-year during the fourth-quarter, to $1.43 billion, on higher UOP project and catalyst sales, the acquisition of a phenol plant, and higher prices. Profit in the segment rose 30%, to $223 million, on higher volumes and prices.   Honeywell as a whole swung to a loss of $310 million, compared to net income of $369 million in the year-ago period, on a mark-to-market pension adjustment of $1.85 billion. Pro forma earnings, excluding the pension...

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