Honeywell (NYSE: HON) Process Solutions (HPS) today announced that its production accounting and reconciliation software will be used to improve performance at a leading global mining company based in Switzerland.
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 Ali Raza, vice president of HPS’ Advanced Solutions business. “Honeywell production management technologies enable accurate estimates of metal inventory and a better understanding of plant performance, leading to improved market responsiveness.”
Nyrstar will initially implement PAR at its site in Balen, Belgium, before rolling out to its other sites around the world. Nyrstar has mining, smelting and other operations located in Europe, Australia, China and the Americas and employs more than 5,500 people. The integrated mining and metals company has market-leading positions in zinc and lead, and growing positions in other base and precious metals.
PAR 200 enables global multi-site enterprises to achieve their corporate wide initiative to deliver monthly production and consumption reports much quicker, more accurately, more consistently and with less effort. In addition, the solution allows for better and timelier business decisions, while freeing up the many worldwide resources involved in the current spreadsheet-based process.
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