Honeywell International Inc
) was selected on Oct 9 to provide Experion Process Knowledge
System (PKS) for a new Russian pulp paper mill. This mill is
wholly owned by Chinese firm Heilongjiang Xingbang International
Resources Investment, but is built and operated by Russian North
Star Pulp Industrial Complex LLC.
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This will be the first greenfield pulp mill to be constructed in
Russia in the last 35 years. The mill will begin work in
mid-2015 and is expected have an annual capacity of 230,000 tons
of pulp. Honeywell's Experion PKS will be installed in major
process areas including wood preparation, pulping and drying, and
also in chemical recovery and combined heat and power plant. This
new technology will manage all the main processes in the mill and
will help in preventing unplanned shutdown.
With the adoption of Honeywell's Experion PKS, the operators will
be able to improve operational flexibility, take informed
decisions and resolve the challenges that the mill faces. The
advanced automation system by Honeywell is likely to improve the
overall productivity of the plant and meet the growing demand of
paper products in China including construction material,
packaging and other products.
The consumption of paper-based goods in China is expected to
increase 10% annually and is expected to reach 115 million tons
in 2015. The new pulp mill project will foster better business
relationship between Russia's Chita region and the neighboring
Heilonhjiang province of China.
Honeywell is a global diversified technology and manufacturing
company with a wide range of aerospace products and services,
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, and energy efficient products
and solutions for homes, business and transportation.
Honeywell currently has a Zacks Rank #3 (Buy). Other stocks that
look promising and are worth a look now are
Federal Signal Corp
), carrying a Zacks Rank #1 (Strong Buy), and
LSB Industries Inc.
) and I
), both carrying a Zacks Rank #2 (Buy).