Getting the Most Value Out of a Materials Failure

You just had a major piece of equipment go down because of the failure of a metal component. How do you get the most value out of what may otherwise be a disaster?

Over $300 billion a year is lost by the process industries due to corrosion-induced equipment failures and the downtime, system re-engineering, equipment replacement, personal injury liability, and other costly circumstances that may result. When the failure of a small metal component causes your plant to shut down, your short-term need is to get your plant buck up and running. What you may not realize is that you have been given a golden opportunity to improve the reliability of your plant.

Failures of …