Alcoa, Honeywell Sign $300 Million ManageAbility Contract Further Enhancing Alcoa's Leading-Edge Alumina Refining Process.Business Editors & Technology Writers PHOENIX & PITTSBURGH--(BUSINESS WIRE)--Feb. 26, 2001 Alcoa Inc. and Honeywell (NYSE NYSE See: New York Stock Exchange : HON) jointly announce a 10-year, $300 million agreement to implement the Honeywell Industrial Control ManageAbility(TM) program that extends the long-standing alliance between the two companies. The global program applies to seven Alcoa alumina-refining facilities. The ManageAbility agreement represents an innovative partnership between Alcoa World Alumina alumina (əl  `mĭnə) or aluminum oxide, Al2O3, chemical compound with m.p. about 2,000°C; and sp. gr. about 4.0. and Honeywell that changes the typical automation business model. This unique approach accelerates and sustains the economic benefits of automation by providing unparalleled cooperation between the two partners, as demonstrated by the extent of the agreement. Expected results will improve process control and standardization of both equipment and processes across Alcoa World Alumina's refining network, reducing variability. Alcoa World Alumina will standardize their automation solution using Honeywell's proven systems, software and business optimization services used to control the process of converting bauxite bauxite (bôk`sīt, bŏk`–), mixture of hydrated aluminum oxides usually containing oxides of iron and silicon in varying quantities. to alumina at Alcoa refineries. This commitment includes establishing support centers for the Americas and the Pacific. "The `marriage' of Alcoa's strong expertise in alumina refining with Honeywell's capabilities in automation will enable us to more rapidly implement new advance control opportunities," said John Sibly, President of Alcoa World Alumina - Atlantic. "This global initiative enables Alcoa to leverage the advantage of improved process control rapidly across our locations, resulting in improved productivity and reduced costs. It also allows us to better standardize our equipment and processes across the company's refining system." "We are thrilled at the opportunity to take our relationship with Alcoa to a new level," said John Weber, President of Honeywell Industrial Control. "Our ManageAbility agreement delivers a full range of automation functionality and financial benefits that are measurable and directly tied to Alcoa's business metrics." Alcoa is the world's leading producer of primary aluminum, fabricated fab·ri·cate tr.v. fab·ri·cat·ed, fab·ri·cat·ing, fab·ri·cates 1. To make; create. 2. To construct by combining or assembling diverse, typically standardized parts: aluminum and alumina. It provides customers in the packaging, consumer, automotive, aerospace, construction and other markets with a variety of fabricated and finished products. Alcoa has over 300 operating locations in 37 countries. Alcoa World Alumina, which is a global alliance between Alcoa and WMC WMC Winter Music Conference WMC Weill Medical College (Cornell University) WMC Wisconsin Manufacturers and Commerce (Madison, WI) WMC Westchester Medical Center WMC Western Mining Corporation , Ltd. of Australia, operates alumina refineries This is a list of alumina refineries in the world. The list is incomplete and missing some data. Smelter-grade alumina refineries Country Location Coordinates Total Annual Capacity (kt) Ownership Australia Gove, Northern Territory 2,100 100% Alcan (Alcan 2006) and bauxite mines in seven countries. Honeywell is a US$25-billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; power generation systems; specialty chemicals; fibers; plastics; and electronic and advanced materials Advanced Materials is a leading peer-reviewed materials science journal published every two weeks. Advanced Materials includes Communications, Reviews, and Feature Articles from the cutting edge of materials science, including topics in chemistry, physics, . The company is a leading provider of software and solutions, and Internet e-hubs including MyPlant.com, MyFacilities.com and MyAircraft.com (joint venture with United Technologies, BFGoodrich and i2 Technologies). Honeywell employs approximately 120,000 people in 95 countries and is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol HON, as well as on the London, Chicago and Pacific stock exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. and is also a component of the Standard & Poor's 500 Index. Additional information on the company is available on the Internet at www.honeywell.com. This release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets , financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts as further described in our filings under the Securities Exchange Act. ManageAbility(TM) is a trademark of Honeywell International Inc. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion