We’re looking forward to seeing everyone at this year’s Steam Turbine And Generator User Group event, organised by the Institute of Mechanical Engineers, where we’ll be on hand with lots of essential advice and useful new insights that can help you keep turbines and generators running to avoid business interruption.
And we’re pleased to announce that FM Global’s David Smith, Assistant Vice President – Senior Engineering Specialist is delivering a talk on ‘Steam Turbine: What Drives Losses.’ at 9.30am on the first day, March 13th. Definitely one not to miss.
Equipment breakdown can bring business to a standstill.
Did you know that 70% of losses in high-hazard industries are due to equipment breakdown? Planning, deadlines, sales and costs – it’s all trivial if your process equipment breaks down or the electrical system unexpectedly shuts down. Mechanical and electrical failure can cost your business millions of dollars and months of downtime.
Top 3 Equipment Losses Experienced by FM Global Clients
- Turbines US $1.1 Billion
- Generators US $246 Million
- Non-rotating Electrical Equipment US $223 Million
But, resilience is a choice. And one that FM Global can help you make today. Because we believe that it is better to prevent a loss, than try and recover from one.
We have extensive knowledge and hands-on experience with equipment across a wide range of industries. Our specialist Boiler and Machinery capabilities include developing an in-depth understanding of your processes and systems to analyse the breakdown scenarios and exposures that mechanical, electrical and pressure equipment create for your business. We evaluate the integrity and reliability of your equipment, and identify hazards and deficiencies, to deliver focused risk improvement solutions and reduce your equipment risk.
So come and visit us at Stand 16 to find out how the experts at FM Global can help you build resilience into every corner of your operations, and avoid risk by engineering it out.