The Timken Company (NYSE: TKR) today expanded its reliability solutions offering to provide maintenance consulting and training to its industrial customers. Through an agreement with Ivara Corporation, Timken reliability engineers will be certified to deliver specialized services and software to customers of Timken, as well as gain access to a global network of experts.
Prime targets for this service are manufacturing facilities for the primary metals, cement, oil and gas, chemical, mining, pulp and paper, and food processing industries and multiple types of equipment used in these facilities.
Timken will be using a methodology known as RCM2™ to determine the maintenance requirements of many pieces of operating machinery within a plant. Additionally, Timken will offer a series of hands-on training courses filled with practical, ready-to-use maintenance practices – aimed at all different levels of maintenance and reliability sophistication.
Timken also will provide implementation consulting on asset-performance-management software that provides a cohesive and integrated platform to develop, implement and manage an equipment reliability program. The software uses predictive- and condition-based maintenance capabilities to monitor machine performance, and maintenance personnel are then prompted to perform the right work at the right time.
“Unplanned downtime and random equipment failure can erode a customer’s profitability,” said Daniel E. Muller, president – distribution and services at Timken. “Timken’s new consulting service greatly enhances our reliability offering and allows us to bring a broader spectrum of services to a global audience looking for our expertise.”
Timken will be introducing this service offering in North America and India throughout 2008. Timken expects to add other regions in 2009 and beyond.
“We are pleased to have a global leader such as Timken join us as an implementation partner and become part of our network of reliability experts,” said Gerry Bleau, chief executive officer, Ivara Corporation. “Together we will support customers’ asset-performance goals and help drive bottom-line results.”
In addition to reliability consulting, Timken has a broad portfolio of condition-monitoring solutions that include portable instruments, continuous monitoring devices, online systems, reliability services and remote monitoring. These solutions are applicable to a wide range of industries to create customer value by helping to maximize uptime, reduce maintenance costs and improve productivity.
Ivara is the leader in asset performance management software, Ivara EXP Enterprise, and services including Ivara RCM2™, the leading reliability strategy development methodology. RCM2 is delivered exclusively by The Aladon Network, Ivara’s global network of reliability experts. Ivara EXP prevents industrial equipment failure, increases production and lowers costs for better business performance. EXP transforms data into real-time intelligence and helps plant and operations management make fast and accurate business decisions. Customers worldwide, representing a cross section of asset-intensive industries, realize the benefits of EXP every day. For more information, visit www.ivara.com.
About The Timken Company
The Timken Company (NYSE: TKR, http://www.timken.com) keeps the world turning, with innovative friction management and power transmission products and services, enabling our customers to perform faster and more efficiently. With sales of $5.2 billion in 2007, operations in 27 countries and approximately 25,000 employees, Timken is Where You Turn™ for better performance.
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