Sterling Steel Chooses Ivara to Improve Equipment Reliability; Projected Savings and Manufacturing Performance Improvements to Be Realized Progressively over the Next Three Years.BURLINGTON, Ontario Burlington (2006 population 164,415) is a city located in the Golden Horseshoe, across Lake Ontario and Burlington Bay harbour from Hamilton, in Halton Region, Ontario, Canada. -- Ivara Corporation, an industry leader and innovator in asset reliability solutions is announcing that it has partnered with Sterling Steel Company, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control to improve the steel manufacturer's equipment reliability. Sterling Steel is a fully owned subsidiary of Leggett & Platt, a Fortune 500 organization. The asset reliability initiative will focus on improving maintenance effectiveness and increasing asset performance, ultimately with the goal of increasing equipment availability and throughput, reducing plant downtime, lowering operating costs operating costs npl → gastos mpl operacionales , and optimizing 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. inventory. The steel industry today needs solutions that yield rapid results. Global competitiveness is crucial to maintaining viability and thus the longevity of existing assets. In this environment, Sterling Steel's facility in Illinois is continuously challenged to contain costs while increasing the output at its plant. "Sterling Steel was looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. an industry leader with the comprehensive expertise and technology to help improve asset reliability and enhance the status of our overall maintenance system to best-in-class," said Fred Rocchio, president, Sterling Steel. "Ivara's solution will help Sterling Steel to realize financial benefits from improved reliability practices and technologies that reduce maintenance costs, while improving the efficiency and effectiveness of our operating assets Operating Assets Another term for working capital. ." Sterling's implementation of Ivara's Reliability Driven Maintenance Process, supported by Ivara's reliability expertise and reliability software, Ivara EXP will enable Sterling Steel to move to a proactive approach to maintenance. Sterling Steel expects to achieve significant improvements in asset performance and maintenance effectiveness. Typically, reactive work costs four to ten times more than proactive work, with the inherent loss in production and the secondary damage often caused by the failure. With increased proactive condition monitoring Condition monitoring is the process of monitoring a parameter of condition in machinery, such that a significant change is indicative of a developing failure. It is a major component of predictive maintenance. , the process, once implemented, will identify equipment problems early, intervening before equipment fails and resulting in increased uptime. A proactive approach to managing equipment failure will increase the level of discipline associated with safety and environmental equipment inspections. "Ivara is committed to Sterling Steel's goals of optimizing plant effectiveness and output through a reliability strategy," said Bill Shaw Bill Shaw, former high-paid Time Warner executive. Shaw was at one time the President of TBS Sports. Bill Shaw, Dr. Professor of Physical Oceanography at Moss Landing Marine Laboratories. Known for his tough yet tactical approach towards teaching, Dr. , president & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Ivara Corporation. He added, "Ivara's reliability software and services will enable Sterling Steel to implement a proactive approach to maintenance, enabling Maintenance and Operations to work together to manage the health of their assets and drive strong business results." About Sterling Steel Sterling Steel produces 450,000 tons of wire rod for its parent Company, Leggett & Platt. It was formed in 2002 when key assets were purchased out of the bankruptcy of Northwestern Steel & Wire Company. The long products mini mill was restarted in early 2003 utilizing a 400 ton EAF EAF - Effort Adjustment Factor ; two Ladle Metallurgy Facilities; an eight strand Billet Caster and a single strand Rod Mill to produce the wire rod for Leggett & Platt's Wire Mills. About Ivara An industry leader and innovator in asset reliability solutions, Ivara combines advanced software and unparalleled reliability expertise to help customers achieve and sustain a proactive, reliability driven approach to maintenance. Using a comprehensive blend of technology and services, Ivara creates unique reliability solutions that align equipment performance with clearly identified business goals for increased revenue, operating output and safety. For more information about Ivara, visit www.ivara.com. |
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