Analyzing 100,000 Control Loops Reveals Process Improvement Opportunities; Enhances Technology Development
PHOENIX, Sept. 25, 2003 - Honeywell (NYSE: HON) Industry Solutions announced today that it has analyzed performance data from more than 100,000 control loops at 350 manufacturing facilities since introducing the Loop Scout(tm) control loop management service five years ago. In surpassing this data analysis benchmark, Honeywell has become the world's leading source of expertise in using control loop management to optimize plant performance and profitability. No single company has analyzed a greater percentage of the world's manufacturing control loops.Honeywell continues to build on the expertise, conducting up to 2,000 analyses every day.
Customers include paper companies, oil refineries, chemical plants, alumina refiners and other process manufacturing businesses." We mark this milestone with good reason. It reflects vast experience gained in our global field service organization as they have worked alongside our process industry customers," said Paul Orzeske, Vice President and General Manager of Industrial Services. "That depth of experience differentiates - and will continue to differentiate - Honeywell from its competitors in this market by helping shape the process knowledge solutions that we bring to each and every customer." Control loop performance largely determines process performance and the reliability of manufacturing equipment.
Honeywell's Loop Scout service monitors and analyzes control loops, revealing those that have the greatest impact on profitability. Customers use the information to allocate scarce maintenance dollars for repairing and tuning the most critical, worst performing control loops. For customers like Weyerhaeuser, ConocoPhillips, BP, and ChevronTexaco, the financial impact of that information can be significant.
At one chemical plant, engineers estimate that Honeywell's approach to managing control loops contributed to a 2.3 percent increase in production that was valued at $1.7 million per year. Engineers at a major paper company use Honeywell Loop Management Services to trim up to 75 percent of unnecessary control valve repairs and prevent incidents that could cause future downtime. Plant engineers are often responsible for more than 400 control loops each.
The challenge is finding problematic valves and other root cause problems, and then deciding which ones to address first. Honeywell's Loop Scout service identifies control loops that are performing poorly, as well as those that have the greatest impact on overall plant performance. The result is an accurate picture of how valves and devices are operating across the entire plant, as well as guidelines for prioritizing repairs and optimizing plant performance.Since its introduction, Loop Scout has evolved to reflect the experience and customer input gained with hundreds of thousands of field applications. The result is an open, enhanced and expanded solution that works across a full range of industry platforms.
Loop Scout delivers a complete view of plant control loop performance via common Web browsers. It shows the probability of valve failures and provides expanded diagnostics like valve stiction and common oscillation diagnosis - without the purchase of new hardware.Honeywell Industry Solutions has a broad portfolio of process solutions and professional service offerings, including its loop management services and its market-leading Experion PKS® process knowledge system.
Recently, Frost & Sullivan, a global leader in market research, named Honeywell's Automation and Control Solutions business the 2003 Industrial Controls Solutions Company of the Year, attributing the success to products such as the Experion PKS.Honeywell International is a diversified technology and manufacturing leader based in Morris Township, N.J. With 2002 revenues of $22 billion, the company serves customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; specialty chemicals; fibers; and electronic and advanced materials. The company's shares are traded on the New York, London, Chicago and Pacific Stock Exchanges.
Honeywell is one of the 30 stocks that comprise the Dow Jones Industrial Average; it is also a component of the Standard & Poor's 500 Index. For additional information, please visit www.honeywell.com .Honeywell Industry 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 Industry 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, 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.