Honeywell Process Solutions, a part of
Honeywell International Inc
), recently announced it will train technical personnel at
the Nghi Son Refinery and Petrochemical Limited Liability (NSRP)
complex in Vietnam to boost refined oil production. Honeywell will
train the workforce for the refinery's start-up operations in 2017.
The strategic move is intended to bridge the gap in human resource
training and offer a cost-effective program that will address the
challenges in experience and proficiency levels of the recruited
workforce in NSRP. Leveraging Honeywell's services for
advanced-level training, local educational institutions and
refining capabilities are likely to improve the effectiveness of
Nghi Son Refinery is the second largest refinery in Vietnam. With
effective manpower training, it is expected to meet approximately
30% of the rising demand for refined petroleum products. The
productivity of the employees is likely to increase with
cost-effective training solutions by Honeywell and thereby augment
Also, Honeywell's partnership with the PetroVietnam University is
expected to enhance the industrial skills of the local engineering
community for application in plant automation and process control
technologies. Going forward, this partnership is expected to
support industrial growth in Vietnam and South East Asia.
Honeywell is a global diversified technology and manufacturing
company with a wide range of products and services. These include
control, sensing and security technologies for buildings, homes and
industry, turbochargers, automotive products, specialty chemicals,
electronic and advanced materials, process technology for refining
and petrochemicals as well as energy efficient products and
solutions for homes, business and transportation.
Honeywell currently has a Zacks Rank #3 (Hold). Other stocks
that look promising and are worth a look now include
Carlisle Companies Incorporated
Noble Group Limited
), each carrying a Zacks Rank #2 (Buy).
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