Honeywell to Automate Oil Terminal in Mongolia's Capital City; Magnai Trade Co. Selects Experion PKS to Provide Complete Terminal Automation Solution.Business Editors PHOENIX--(BUSINESS WIRE)--Nov. 4, 2003 Honeywell (NYSE NYSE See: New York Stock Exchange :HON) Process Solutions today announced that Mongolian petroleum distributor Magnai Trade Co., Ltd. has selected Honeywell to provide a complete automation system for its oil terminal in Ulaanbaatar, the capital of Mongolia. This is Honeywell's first Experion PKS PKS Penalty Kicks Saved (soccer; goalie save) PKS Partai Keadilan Sejahtera (Indonesia) PKS Phi Kappa Sigma (international male fraternity) PKS Pallister-Killian Syndrome (R) project in Mongolia. "Automating our depot with Experion PKS is an important step in our drive to enhance customer satisfaction and make distribution more efficient. We believe that the result will stand as a model terminal in Mongolia," said Mr. J. Byambatsogt, Magnai Trade Deputy Director. Magnai Trade distributes 25 percent of Mongolia's petroleum supply, importing refined products from neighboring countries by rail car. Honeywell will automate the company's main oil depot An oil depot (sometimes called a Tank Farm, an "Installation" or an oil terminal) is an industrial facility for the storage of oil and/or petrochemical products and from which these products are usually transported to end users or further storage facilities. with a comprehensive terminal automation and control system, integrated with Honeywell's Experion PKS Process Knowledge System. The terminal automation and control system will automate and control processes throughout the terminal, including unloading products from rail cars to tanks, receiving customer orders, loading operations and invoicing. The result will be better control of product flow and reduced costs related to pilferage pilferage n. a crime of theft of little things, usually from shipments or baggage. (See: theft) and inaccurate product loading. Experion PKS will also integrate process controls throughout the terminal to manage inventory and increase security. With Experion, every transaction will be authorized and approved via Magnai's central computer system, and then logged and tracked for daily and monthly reports. Honeywell International is a diversified technology and manufacturing leader based in Morris Township There are several places named Morris Township in the United States:
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , London, Chicago and Pacific Stock Exchanges. Honeywell is one of the 30 stocks that comprise 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. ; it is also a component of the Standard & Poor's 500 Index. For additional information, please visit www.honeywell.com. Honeywell Process Solutions is part of Honeywell's Automation and Control Solutions group, a global leader in providing product and service solutions that improve efficiency and profitability, support regulatory compliance, and maintain safe, comfortable environments in homes, buildings and industry. For more information about Process Solutions, access www.acs.honeywell.com. This release contains forward-looking statements 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. Experion PKS is a registered trademark of Honeywell International Inc. |
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