SHANGHAI US industrial conglomerate Honeywell has announced that it will move the headquarters of its electronic materials business from the United States to Shanghai to better position itself for further growth in Asia.

The company also announced that Shanghai UOP Ltd, the largest molecular sieve adsorbents manufacturing plant in Asia, has completed an expansion to boost capacity to meet growing demand in China. Shanghai UOP is a subsidiary company of Honeywell China.

"The relocation of the electronic materials' global headquarters to Shanghai will further underline Honeywell's emphasis on China as an important platform to drive Honeywell's globalization," Honeywell China's CEO Shane Tedjarati said.