Honeywell in $12 million Saudi Petrochemical Company deal
Posted: 15 March 2006
Honeywell signed a $12 million agreement with Saudi Basic Industries Corporation (SABIC), a leading petrochemical company, to provide advanced process control and implementation services to SABIC sites throughout the Kingdom of Saudi Arabia.
Under the terms of the agreement, Honeywell will provide optimization applications based on its Profit Suite technology, including core applications Profit Controller and Profit Optimizer.
By using these fully integrated applications within a scalable architecture, Honeywell can help process manufacturers increase plant efficiency and improve plant performance.
“We’ve worked with Honeywell in the past on the fundamental operation of our facilities, so we’re confident in its ability to help us optimize plant performance,” said Mohamed H. Al-Mady, SABIC vice chairman and CEO.
“We are also impressed by Honeywell’s extensive global resources, which will enhance our ability to compete in the global market.”
“It makes financial sense for companies like SABIC to optimize the performance of their existing facilities,” said Jack Bolick, president of Honeywell Process Solutions.
“Honeywell is in a good position to help because we have offerings specifically geared toward that purpose, and we can provide local expertise to deliver these services and solutions.”