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EQUATE Moves Legacy Asset Systems to Meridium Enterprise APMROANOKE, Va., Aug. 5, 2015 /PRNewswire/ -- Meridium®, Inc. (www.meridium.com), the global leader in asset performance management (APM) software and services, today announced that EQUATE Petrochemical Company (www.equate.com), Kuwait's first international joint-venture in this industry, has implemented the following Meridium solutions: APM Strategy, APM Mechanical Integrity, APM Failure Elimination, and APM Safety to place a greater focus on increasing asset reliability. Logo - http://photos.prnewswire.com/prnh/20150804/255214LOGO EQUATE is the single operator of Greater Equate JV, which includes The Kuwait Styrene Company (TKSC), Kuwait Paraxylene Production Company (KPPC) and The Kuwait Olefins Company (TKOC), under one fully integrated operational umbrella at Kuwait's Shuaiba Industrial Area. EQUATE produces polyethylene, polypropylene, ethylene glycol, styrene monomer, polypropylene and paraxylene for customers in the Middle East, Europe, Asia and Africa. According to EQUATE Vice President of Operations Bob Brandt, "EQUATE's mission is to maximize shareholder value by providing quality products and services to our customers.We chose Meridium Enterprise APM to help enable and sustain reliable plant operations. This integrated solution also assists us in applying internationally accepted techniques, including RCM, FMEA, RBI and SIS management, to improve asset reliability, increase overall safety and aid in making better informed design, operation and maintenance decisions. We are proud to be partners in success with Meridium." Moving from point solutions to Meridium APM ensures that EQUATE's asset strategies and maintenance plans are managed efficiently and effectively. The goal of the EQUATE APM initiative is to achieve operational excellence by mitigating risk and optimizing cost through intelligent asset strategies. "Asset reliability is key to an organization committed to providing reliable products and services," said Hady Onk, Meridium VP Services - EMEA. "Consolidating current legacy systems and providing training in APM will enable EQUATE to optimize asset availability and maintenance costs by making informed operational decisions more quickly." About EQUATE About Meridium To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/equate-moves-legacy-asset-systems-to-meridium-enterprise-apm-300123927.html SOURCE Meridium, Inc. |