Silcar Anticipates Enhanced PM Programs and Faster ROI from APT’s Asset Strategy Library

Meridium, the global leader in asset performance management (APM) software and consulting solutions, announced today that its content partner, Asset Performance Technologies, Inc. (APT), has entered into a partnership with Silcar Pty Ltd for use of APT’s library of industry best practices for Preventive Maintenance (PM).

The APT Asset Strategy Library (ASL) is currently in use in 84% of the nuclear power generation facilities in the U.S., as well as Japan and South Korea, and was recently validated in the oil and gas industry. The ASL consists of over 320 asset strategy templates addressing a broad range of infrastructure equipment (pumps, valves, motors, compressors, etc.) that are universally applicable to nearly all industries. With in-depth failure mode tables (approximately 60 modes per model) and PM effectiveness mapped to each mode, the ASL can be used to expedite PM improvement efforts.

According to David Worledge, CEO of APT, “Most traditional RCM methods for PM improvement start with a blank sheet of paper. They simply aren’t practical for large scale deployment in real production environments. That’s why we created the APT Asset Strategy Library. Now, Silcar maintenance and reliability engineers can start with an expert-recommended PM program that has a sound technical basis for the tasks and intervals.”

The APT Asset Strategy Library is used in conjunction with Meridium’s Asset Strategy Management (ASM) software module and will allow Silcar to quickly define an optimized strategy, apply it to an asset and make the appropriate adjustments for operating context, organizational risk and cost goals. The completed asset strategy is then easily transferred into the customer’s corporate EAM or CMMS systems using Meridium’s Asset Strategy Implementation (ASI) module.

According to Silcar CEO Bernie Cooper, “With the addition of APT’s Asset Strategy Library to our Meridium APM platform, Silcar is in a strengthened position to continue our success in providing global access to maintenance knowledge for our clients. Our teams will be able to accelerate the development and implementation of their maintenance strategies, saving valuable time and money in the process.”

About Silcar

Silcar is a 3,000 person Australian organisation providing productivity and reliability for large scale and technically complex plant assets. Services include asset management, design, construction, operations and maintenance. Silcar operates across a range of industries and essential services including power generation, electrical distribution, manufacturing, mining and telecommunications. Established in 1993, Silcar is jointly owned by Siemens Limited and Thiess Services Pty Limited.

About Meridium

Meridium Inc. is the global leader in asset performance management solutions for process, power, mining and discrete manufacturing industries. With Meridium software and services, companies will accelerate profitability through effective asset strategies, thus increasing asset reliability and improving the performance of their production assets. Developing or improving these asset strategies also has a direct, positive impact on operational excellence by reducing financial, health and safety, and production risk; optimizing maintenance costs; ensuring regulatory compliance and decreasing the potential for undesirable incidents. Industry leaders such as Eastman Chemical, Marathon Oil, Anglo Platinum, and Xcel Energy rely on Meridium for enterprise wide asset performance. Meridium is headquartered in Roanoke, VA, USA, with regional offices in Houston, TX, USA; Dubai, UAE; Walldorf, Germany; and Perth, Australia.

About Asset Performance Technologies

Asset Performance Technologies (APT) produces the revolutionary PRO-M solution that combines a unique optimization software with the world’s largest PM library for industrial equipment, the APT Asset Strategy Library (ASL), to rapidly optimize any PM program. PRO-M and the ASL set the standard for maintenance optimization by dynamically adjusting to changing business conditions, plant requirements, and market economics. They can be used as standalone solutions or to support corporate PM improvement efforts.