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Together with Honeywell, Boyun New Materials established the joint venture for aircraft parts

In 2012, Honeywell Aerospace Group, Hunan Boyun New Material Co., Ltd. and Changsha Xinhang Co., Ltd. signed a joint venture contract in Los Angeles, and the three parties jointly funded for the formation of Boyun Honeywell Air system (Hunan) Co., Ltd. in Changsha High-tech Zone. This joint venture company is mainly engaged in the design, development, production, testing, compliance, forensics, marketing, sales of carbon brakes, wheels and related structures and control systems.

Honeywell is a Fortune 500 company in the R&D and manufacturing of aircraft wheel and brake systems, with leading technology in the world. Boyun New Materials has had over 40 years of history in the development and manufacturing of high-performance materials in air brakes, with a number of independent intellectual property rights in aircraft brake materials preparation technology. Meanwhile, both parties jointly established Boyun Honeywell Air system (Hunan) Co., Ltd., with a total investment of 500 million U.S. dollars, to provide wheels and brakes for C919 large aircraft, and also provide wheel and brake system components for other Honeywell aircraft models, and also carry out scientific and technological research in the field of high-performance structural materials, high-performance composite brake materials, intelligent brake control system, with the formation of new materials and intelligent green manufacturing systems in the world advanced level.