Page 141 - CW E-Magazine (24-10-2023)

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The survey, conducted by Sapio
Research in July 2023, gathered
responses from 3,215 plant main-
tenance decision-makers globally
across the metals, oil & gas, chemi-
cals, energy generation, food and
beverage, plastics and rubber, water &
wastewater, rail, utilities, marine,
wind sectors. It is part of a report that
provides insights into how businesses
currently manage maintenance and
how they can reduce unplanned
downtime.
interest in outcome-based mainte- ing reliability, incorporate digitali-
The fi ndings demonstrate the im- nance agreements. Under these, ope- sation to enhance decision-making,
portance of equipment reliability and rators pay service partners based and adopt a forward-thinking, out-
maintenance. Globally, 92 percent re- on achieved outcomes, such as in- come-based approach for the long
ported that maintenance has increased creased uptime or energy efficiency. term. With this in mind, industrial
their uptime in the last year, with 38 This results in efficient and effective businesses should aim to progress
percent reporting an improvement of at service delivery with predictable from a high-risk run-to-fail main-
least a quarter. Also, three-quarters of cashflow. tenance approach to a long-term
respondents said that reliability posi- outcome-based strategy. This will
tively impacts their business reputation Speaking about the results of the improve reliability, business repu-
and fi nancial performance, and helps survey, Mr. Amit Gupta, Division tation, competitivity, cut costs, and
them meet contractual obligations, pre- President, Motion Services, ABB provide peace of mind – empower-
vent waste and secure repeat business. India Ltd., said, “The study’s fi ndings ing businesses to focus on their core
Reliability was rated by respondents as make it abundantly clear that our in- competence.”
the top priority when purchasing new dustry frequently underestimates the
equipment. genuine consequences of unplanned This new, outcome-based model to
downtime, and the survey strongly maintenance will help industrial busi-
Looking forward, 60 percent plan corroborates this reality. This serves nesses meet incoming emissions targets
to increase their investment in reli- as a pivotal moment for our industry and regulations as the world fights
ability and maintenance in the next to shift its collective focus towards against climate change. In addition, it
three years, with a third planning to energy efficiency, recognising the will help overcome the industry skills
boost spend by more than 10 percent. substantial impact of downtime. It’s gap as experienced technicians reach
Nine in ten respondents expressed paramount that we invest in bolster- retirement age, ABB said.

Dow India recognised as one of India’s best work-
places for women

Dow Chemical International Pvt. To earn this recognition, Dow India ment to cultivating a culture advanc-
Ltd. (Dow India) has been recognised met stringent eligibility criteria set ing women’s careers and professional
as one of ‘India’s Best Workplaces for by Great Place To Work, displaying a growth. We pledge to develop more
Women in 2023’ (Large category, Top 50) dedication to nurturing a diverse and women leaders and will continue to
for the second consecutive year by inclusive workplace culture that prio- fi nd opportunities to make them am-
Great Place To Work India, a global ritises employee well-being. Female bassadors to inspire more employees
authority on workplace culture, cele- employees constitute 32% of Dow and women in the communities where
brating organisations dedicated to culti- India’s workforce, amongst the best in we operate,” commented Mr. Chandra-
vating an inclusive and positive work industry. “This prestigious award is kant Nayak, CEO & Country President,
environment. an applause for our steadfast commit- Dow India.

Chemical Weekly October 24, 2023 141

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