The industrial automation and power technology provider said third-quarter sales eclipsed those of a year ago by double digits, but indicated a possible cooling trend in quarters to come.

The industrial automation provider sees sales grow as the global economy improves, but says it expects a “slower pace” to the global economic recovery.

A flurry of activity in short-cycle sales resulted in organic growth in most of Honeywell’s businesses, signaling that an economic recovery could be on its way.

In addition to aggressive cost cutting, the two automation giants reorganize automation groups in an attempt to jump-start 2010 activity.

Despite another slow sales cycle for the automation technology purveyors, there are some signs of stabilization.

Sounding at time like an environmental savior, Schneider talks up energy management at an annual editors event.

Schneider, Siemens, and Mitsubishi Electric all feel the pinch as new orders for automation technology dwindle.

Sales dropped 11.3% at the French automation vendor, necessitating cost-cutting strategies and a revised outlook.

But the French automation vendor finds hope in energy management and plans for €1.4 billion cost cutting.

The company takes a minority stake in Intercim in a bid to integrate PLM and MES, thereby bringing manufacturers one step closer to the digital factory vision.