The
Honeywell Group is best known for its flour mill business, which is one of the largest in the agro-processing subsector of Nigeria’s manufacturing industry. But Honeywell flour mills, widely recognized as it is, represents only one of several arms of a large conglomerate, one which sits close to the top of the elite class of indigenous business empires.
The Beginning
Founded in
1972 by
Oba Otudeko,
Honeywell began as a trading business, preoccupied with the importation and distribution of baking yeast, stock fish, glass and steel rods. Over the years it’s reinvented itself, becoming a key player in sectors of the country’s economy that it is today. It’s probably hard to imagine that an importer of stock fish and baking agents could transform into a giant that’s spreading its tentacles through the food processing, energy, infrastructure and real estate industries. But it’s taken over four decades to happen, and more than a fair bit of smart investment too.
An array of industry leading companies
The Honeywell Group houses several companies under its umbrella. Apart from the Honeywell flour mill, there’s the Uraga real estate, HOGL Energy, Broadview Engineering, Anchorage leisures, Pavilion technology, HERIL (Honeywell Energy Resources International Limited), and Uraga Power Solutions.
- Honeywell flour mill was registered in 1985 as Gateway Honeywell Flour Mills, a name later changed to its present form due to a change in company ownership structure. It became a public limited liability company in 2008 following its Initial Public Offer (IPO) that year. In 2009, it was listed on the Nigerian Stock Exchange (NSE). Its products include the Honeywell Superfine flour, wheat meal, semolina, noodles, pasta, composite flour, and brown flour. The company has factories in the Ikeja and Apapa areas of Lagos.
- HOGL Energy Limited, another arm of the Honeywell Group, was incorporated in 1995. It distributes lubricants for industrial and automotive uses to customers in Nigeria.
- Uraga Real Estate is Honeywell’s flagship real estate company. It’s engaged in property development and maintenance. This company also incorporates the development team from Anchorage Leisures, which developed the five star Radisson Blu Anchorage Hotel in Lagos.
- Broadview provides engineering solutions such as design simulation, supplies equipment to the oil and gas industry, and undertakes consultancy and studies for large projects.
Contact details
The Honeywell Group has its headquarters at
6B Mekunwen Road, off Oyikan Abayomi Drive, Ikoyi. Lagos.
Enquiries can be sent to them at
info@honeywellgroup.com.
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This article was first published on 28th March 2018
ikenna-nwachukwu
Ikenna Nwachukwu holds a bachelor's degree in Economics from the University of Nigeria, Nsukka. He loves to look at the world through multiple lenses- economic, political, religious and philosophical- and to write about what he observes in a witty, yet reflective style.
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