Join GrayMatter for a Deep Dive into Your Asset Management Strategy
It’s critical to get the most value possible from your asset management tools to boost reliability and performance and reduce downtime.
At 2 p.m. March 13, Intelligent Assets Practice Lead Paul Casto of GrayMatter and Senior Product Marketing Manager Dan Parker of GE Digital will discuss during a webinar hosted by IndustryWeek how to craft a successful asset maintenance strategy that balances equipment criticality, predictive and condition-based maintenance and predictive analytics.
Paul and Dan will highlight common missteps that can hurt long-term success and detail how Eastman Chemical embraced a comprehensive solution that dropped unscheduled downtime by 60 percent, reduced product loss by 40 percent and cut long-term maintenance costs by 10 percent, saving millions of dollars.
Topics Paul and Dan will cover:
- Maintenance cost
- Risk of failure
- Unexpected failures
- Scrap (due to equipment)
- Condition-Based Maintenance
- Life of Capital Equipment
Wabtec, GE Transportation Merger ‘Once in a Lifetime Opportunity’ for Rail Industry
The Pittsburgh area suddenly has a new Fortune 500 company thanks to a merger years in the making, according to the Pittsburgh Business Times.
Bringing together GE Transportation and Wabtec — both GrayMatter partners — means the Western Pennsylvania region will be home to the “third-largest railroad equipment and services company in the world,” PBT reports. The new entity will have more than $8 billion in annual revenues.
The merger is expected to add to the list of Pittsburgh-area-based Fortune 500 companies. The others are: Kraft Heinz, PNC Financial Services, PPG Industries, United States Steel, Alcoa and WESCO International, according to Forbes.
In an announcement about the merger, Wabtec said the combination would enhance multiple capabilities, including:
Providing best-in-class equipment, aftermarket services and digital solutions for the transportation sector;
Improving safety by capitalizing on the combo of GE Transportations’ digital solutions and analytics systems with Wabtec’s specialization in Positive Train Control;
Realizing improved customer outcomes with more monitoring and services, skilled technicians and repair shops.
“This is a once-in-a-lifetime opportunity to bring together nearly four centuries of collective experience to create a technologically advanced leader with a highly complementary set of capabilities to move and improve the world,” said Raymond T. Betler, Wabtec’s president and CEO.
“Our teams have made significant progress in integration planning, and this process has only strengthened our confidence in the value creation potential of the combination. Today, we are a stronger, more diversified company ready to better serve customers across the globe and capitalize on new growth opportunities at an attractive point in the cycle.”
PPG Strikes Deal with Raiders to Protect New Las Vegas Stadium
PPG will be using quite a bit of black and silver paint to decorate and protect the new home of the Raiders at Las Vegas Stadium.
PPG on Monday announced it will be the official paint provider of the NFL team, which is relocating from Oakland to Las Vegas. The Pittsburgh-based company, a GrayMatter partner, said the facility will feature coatings from PPG’s industrial, refinish, protective, marine and architectural businesses.
The $1.8 billion stadium is set to be completed in 2020. It will seat 65,000 fans in an enclosed, climate-controlled facility that has the ability open “folding lanai doors” situated on the stadium’s north side, according to the Las Vegas Review Journal.
“PPG’s expertise and ability to provide coatings that offer long-term protection with striking aesthetics made them an ideal partner for this project,” said Tom Blanda, Raiders Senior Vice President, Stadium Development and Operations.