PHOENIX, Aug. 26, 2005 - Honeywell (NYSE: HON) Automation India Ltd. (HAIL), in partnership with Orpak of Israel, has received a $48 million order for comprehensive e-Retail solutions for Indian Oil Corporation Ltd. (IOC) and Hindustan Petroleum Corporation (HPCL). This marks one of Honeywell's largest orders in the Asia-Pacific region and is the culmination of a two-year effort guided by Six Sigma Plus principles.
"This is truly a landmark break-through in our business, not only for HAIL but also for heralding a new chapter in fuel marketing in India," said Harshavardhan Chitale, managing director of HAIL. "The comprehensive solutions that HAIL brings to the table bears testimony to the commitment we have to consistently create even greater value for our customers." Under terms of the agreement, Honeywell will provide automation solutions to approximately 1,300 retail outlets, 2,300 product tankers and more than 100 product storage terminals. Honeywell solutions in this project include: dispenser access systems; outdoor payment terminals with receipt printers; credit/debit and loyalty card readers; and POS terminals.
It also includes online transaction processing from pump islands with the bank switch, product level and density measurement instruments, all of which contribute to a better and more efficient management and reporting system. Additionally, Honeywell will provide an electronic locking and global audit system for tracking petroleum tankers to eliminate pilferages while they are en route. Benefits to consumers include:
- Assurance of fuel quality and the amount being dispensed
- The ability to use a variety of payment methods, such ascash, debit or credit card, or loyalty card, at the pump
- Cashless transactions and self-service operations
- An extension of the automation system that could alsocontrol operations of convenience stores located at retail outlets, car washes and other value-added services they provide.Benefits to oil companies include:
- Improved customer retention and an increase in market shareas a result of greater customer loyalty
- The ability to offer various loyalty programs to fleetowners
- Improvement in retail station operational efficiency andasset utilization
- The ability to study demand of products and loads at variousoutlets to make tactical and strategic marketing decisions regarding petroleum retailing
- Greater visibility into the outlet operations
- Access to online data that will help monitor and preventfraudulent practicesIndian Oil Corporation (IOC), ranked 170 in the Global Fortune 500 listing, with revenues in excess of US$34 billion, is India's largest company and also the 18th largest petroleum company in the world.
Its petroleum products are distributed through nearly 11,000 retail outlets across India.
HPCL, the second largest oil company in India, has annual revenues in excess of $13 billion and distributes petroleum products through more than 5,500 retail outlets across India.Honeywell Automation India Limited (formerly Tata Honeywell Ltd.) set up in 1988 in India, is a leading supplier of industrial automation and control solutions to core industries including Petrochemicals, Refinery, Oil and Gas, Mining, Metals, Life Sciences and Power Generation that drive India's growth.
HAIL solutions improve productivity, provide peace-of-mind by delivering cutting edge automation solutions, equipment and services, provide comfort in work environments and ensure safety of home and business premises.
Honeywell Automation India Limited also provides remote engineering services to Honeywell's North American Engineering Centre, and European division.
For more information, visit www.honeywellautomationindia.com .Honeywell International is a $26 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials.
Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, Chicago and Pacific Stock Exchanges.
It is one of the 30 stocks that make up the Dow Jones Industrial Average and 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.honeywell.com/ps .