The refractories industry plays a vital role in prolonging the lifespan of assets across
a wide range of sectors by limiting thermal and chemical damage. In doing so,
refractories help deliver higher returns on investment (ROI) for companies by
reducing maintenance and repair costs associated with premature asset failure.
The Role of Refractories in Reducing Maintenance Costs
The implementation of refractory solutions helps reduce maintenance costs in two
ways. Firstly, by extending the lifespan of an asset, refractories decrease the
frequency with which an asset must be replaced. Secondly, refractories help
protect against unexpected downtime by limiting the damage that can be caused
by things like excessive heat or chemical exposure.
In many cases, unplanned downtime can be even more expensive than planned
maintenance due to the pressure to quickly rectify the issue and get the asset up
and running again. Consequently, by minimizing the likelihood and impact of
unplanned downtime, refractories can help further reduce maintenance costs.
The Benefits of Extending Asset Life Cycles with Refractories
There are numerous benefits associated with prolonging the life cycle of an asset,
including improved ROI, increased production, decreased environmental impact,
and reduced health and safety risks.
Firstly, extending the life cycle of an asset results in improved ROI as fewer
resources are required to replace assets frequently. With many industries facing
increasingly competitive markets and margins, making the most out of every
investment is essential.
Secondly, extending asset life cycles also leads to increased production as old
equipment does not need to be taken offline as often for repairs or replacement.
This is particularly beneficial for companies operating around the clock or those
with long lead times between when an order is placed and delivered.
Thirdly, from an environmental standpoint, longer asset life cycles result in
decreased resource consumption and lower emissions associated with
manufacturing or transporting new replacement parts to the site. Additionally,
properly disposing of old equipment can be costly and time consuming, so
prolonging its lifespan helps reduce these burdens.
Finally, protecting assets with refractory solutions can also help reduce health and
safety risks by minimizing exposures to things like heat or dangerous chemicals.
Although most health and safety concerns can be effectively managed with proper
training and procedures, some risks may be inherent in certain types of work
environments. By using refractories to limit potential exposures, companies can
create a safer work environment for employees while reducing their liability in the
event of an accident.
Refractories play a crucial role in industries across the globe by helping extend the
lifespan of assets and minimize thermal and chemical damage. In doing so,
refractories help deliver higher ROI for companies by reducing maintenance costs
associated with premature asset failure.