Software Honeywell Begins Mass Balancing and Data Reconciliation Project
Honeywell Process Solutions (HPS) recently announced that its production accounting and reconciliation software will be used to improve performance at a leading global mining company based in Switzerland.
Bangalore/India – Honeywell’s Production Accounting and Reconciliation (PAR), a statistical data reconciliation software solution, is used for resolving material and energy balance problems in industries as diverse as refining, oil and gas, chemicals and mining. PAR helps production facilities more accurately report production and inventory information, resulting in better economic decisions, a reduction in unaccounted losses, and adherence to corporate governance guidelines.
“Successful metals companies, such as Nyrstar, demand innovative solutions that offer sustainable cost reduction and margin improvement,” said Vice President, HPS’ Advanced Solutions business, Ali Raza. “Honeywell production management technologies enable accurate estimates of metal inventory and a better understanding of plant performance, leading to improved market responsiveness,” Raza added.