Honeywell International Inc
) was recently selected by Swedish oil producer Preem AB to
modernize one of Europe's largest refineries. Honeywell's
Enhanced High Performance Process Manager (EHPM) industrial
process controllers will help Preem to upgrade the refinery and
increase through-put while maximizing legacy investments and
intellectual property. The upgrade is expected to be complete
before the end of this year.
Additionally, the adoption of other technologies by Honeywell can
also be used by Preem to enhance its overall refinery operations.
These include continuous and batch processing controls such as
Experion C300, and Honeywell's fault tolerant ethernet FTE
technology that offer faster network diagnostics and improved
The technological up-gradation is cost effective for the company
as it saves on time and cost of entire control system
replacement. The project should considerably extend the life of
the existing control system at the refinery. At the same time,
the enhanced high-performance process manager will triple the
capacity of the refinery's existing controllers.
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 include
), carrying a Zacks Rank #1 (Strong Buy), and
Hutchison Whampoa Limited
Tyco International Ltd
), both of which carry a Zacks Rank #2 (Buy).
HONEYWELL INTL (HON): Free Stock Analysis
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TYCO INTL LTD (TYC): Free Stock Analysis
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