Bethlehem Steel Corporation and HSB Reliability Technologies Form Strategic Business Alliance.Business/Technology Editors BETHLEHEM, Pa. and HARTFORD, Conn.--(BUSINESS WIRE)--May 29, 2001 Bethlehem Steel The Bethlehem Steel Corporation (1857–2003), based in Bethlehem, Pennsylvania, once was the second largest steel producer in the United States (after Pittsburgh, Pennsylvania-based US Steel). Corporation and HSB (Hue Saturation Brightness) A color space that is similar to the way an artist mixes colors by adding black and white to pure pigments. The pigments are the hues (H), measured in a circle from 0 to 359 degrees (0=red, 60=yellow, 120=green, 180=cyan, 240=blue, Reliability Technologies (HSBRT), of Alexandria, Va., announced today the formation of a strategic business alliance to offer maintenance management and optimization optimization Field of applied mathematics whose principles and methods are used to solve quantitative problems in disciplines including physics, biology, engineering, and economics. consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" to Bethlehem's customers and other trading partners. "Formation of this alliance is part of our overall strategy to create value for our stockholders by focusing on improving operational excellence and providing outstanding service and innovative solutions," said Gary L. Millenbruch, Bethlehem Steel's vice chairman. Under the terms of the alliance agreement, Bethlehem Steel will market HSB Reliability Technologies' world-class asset management and reliability consulting services to Bethlehem's extensive list of customers and other trading partners. HSB Reliability Technologies employs proven proprietary consulting methodologies that focus on improving equipment reliability and reducing maintenance costs. "HSB Reliability Technologies' diagnostic assessment and reliability improvement services can help process-oriented companies to uncover and take advantage of untapped profit potential that often exists within current business practices," said Ray Oliverson, executive vice president for HSB Reliability Technologies. "By working with Bethlehem, we can help their customers and suppliers improve equipment reliability and uptime, reduce repair and maintenance costs, extend equipment life and reduce energy consumption and spare parts Spare parts, also referred to as Service Parts is a term used to indicate extra parts available and in proximity to the mechanical item, such as a automobile, boat, engine, for which they might be used. Spare parts are also called “spares. inventories." HSB Reliability Technologies has a database with more than one million machine years that it leverages to tailor asset optimization strategies and computer maintenance management systems for individual customers. HSB Reliability Technologies, a Hartford Steam Boiler boiler, device for generating steam. It consists of two principal parts: the furnace, which provides heat, usually by burning a fuel, and the boiler proper, a device in which the heat changes water into steam. business, provides reliability improvement consulting and maintenance management programs worldwide. The Hartford Steam Boiler Inspection and Insurance Company is one of the world's leading equipment breakdown insurers and is a global provider of specialty insurance products, inspection services and engineering consulting. For more information about HSB Reliability Technologies visit its website at www.hsbrt.com. Bethlehem Steel Corporation is the nation's second largest integrated steel company with revenues of about $4 billion and raw steel production of about ten million tons. Its 14,000 employees work primarily in three major divisions-- Burns Harbor, Ind IND Investigational new drug Therapeutics A status assigned by the FDA to a drug before allowing its use in humans, exempting it from premarketing approval requirements so that experimental clinical trials may be conducted. See Phase 1.2, 3 studies, Sponsorship. ., Sparrows Point Sparrows Point is an unincorporated area in Baltimore County, Maryland. It was named for Thomas Sparrow, landowner, and is adjacent to Dundalk, Maryland. It is the site of a very large industrial complex, now in decline, known in the past for steelmaking and shipbuilding. , Md. (with plate mills in Coatesville and Conshohocken, Pa.), and Pennsylvania Steel Technologies, Steelton, Pa., and at its corporate headquarters in Bethlehem, Pa. For more information about Bethlehem Steel Corporation visit its website at http://www.bethsteel.com. |
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