In a recent study, Shell Lubricants discovered that Two in five unplanned downtime occurrences over every day were the result of poor selection or management of lubricants. This is having a financial impact – 26% of companies estimate that these shutdowns cost their business at least $250,000 and one in five (18%) state that costs have exceeded $1 million. The study took in responses from power firms from Europe , Asia and the Americas and says that companies tend to underestimate the cost savings that could result from better quality lubricants. 10 in five companies ( 18% ) said these outages cost more than $1m . 10 key barriers to maximising the cost-saving potential of lubrication procedures are insufficient employee expertise and a lack of correct procedures, says the study.
In a recent study, Shell Lubricants discovered that Two in five unplanned downtime occurrences over every day were the result of poor selection or management of lubricants. The study took in responses from power firms from Europe , Asia and the Americas and says that companies tend to underestimate the cost savings that could result from better quality lubricants. 10 in five companies ( 18% ) said these outages cost more than $1m . 10 key barriers to maximising the cost-saving potential of lubrication procedures are insufficient employee expertise and a lack of correct procedures, says the study.