Escorts Limited signs agreement with Honeywell

Escorts Limited, a leading manufacturer of critical railway components, has entered into an exclusive License and Technology assistance agreement with Honeywell, a U.S.-based Fortune 100 Company, for providing technology on friction materials for railway application. Escorts Limited has been manufacturing and supplying various products to the Indian Railways and is one of the key players for supply of brake system including Composite Brake Blocks.

The strategic alliance between Escorts and Honeywell will position Escorts as a frontrunner in the friction material business in India besides providing a considerable technological edge over existing players in offering high performance brake blocks and disc brake pads for railway application, suited for high speed trains in India as well as select export markets.

Mr Rajan Nanda, CMD, Escorts Limitedsaid,