
Free Safety ROI Tool from Rockwell Automation quantifies savings and productivity gains to help cost-justify safety investments.
MILWAUKEE, Dec. 19, 2011 — Engineers, plant managers and environmental health and safety (EH&S) professionals now have a tool to calculate the potential annual return they’ll receive if they invest in an integrated safety automation system. Rockwell Automation developed the free Safety Return on Investment (ROI) Tool with J.B. Titus, a machine safety consultant and owner of J.B. Titus & Associates.
The new Web-based tool, launched on Nov. 14 at the annual Rockwell Automation Safety Automation Forum, addresses manufacturers’ need for a tool to help quantify potential savings and productivity gains from new investments in safety.
“An upfront investment in safety programs and safeguarding systems can help significantly reduce the financial and employee impact of incidents in a manufacturing facility,” said Mark Eitzman, safety market development manager, Rockwell Automation. “Still, engineers, plant managers and EH&S professionals have struggled to accurately cost-justify investments in safety. With the new Safety ROI Tool, they can calculate the costs of an incident and see the financial benefits of implementing a proactive safety program.”
At its core, the Safety ROI Tool relies on a basic calculation: benefits divided by costs equals ROI. To help simplify the previously complicated process of assessing those costs and benefits, the tool combines injury and productivity data and collects input from users in five categories:
- Estimated project amount, i.e., cost of controls, software, installation and training.
- Overall equipment effectiveness, based on increases in machine availability because of reduced unscheduled downtime and increases in manufacturing output.
- Increased capital-asset depreciation.
- Direct injury costs, such as medical expenses, wages and worker’s compensation costs.
- Indirect injury costs, e.g., regulatory noncompliance fines and repair costs.
Rotork’s innovative CVA electric actuator has been specified for critical valve control duty on high temperature gas turbine pre-heater equipment supplied to the power generation industry. The application demands unrestricted modulation of a three-way valve to control the pre-heated temperature of fuel gas for electricity generating turbines.
MILWAUKEE--(BUSINESS WIRE)--Dec. 20, 2011-- Warwick Chemicals Ltd, a division of Warwick International Group Ltd, has awarded a $1.9 million order to Rockwell Automation (NYSE: ROK) and its Global Solutions team. The multi-phase project will replace Warwick Chemical Ltd’s distributed control system (DCS) solution with the Rockwell Automation PlantPAx process automation system to achieve a lower total cost of ownership, open connectivity with third-party systems, and improved service and support.
His Excellency Dr. Mohammed bin Saleh Al-Sada, Minister of Energy and Industry of the State of Qatar, and Peter Voser, Chief Executive Officer of Shell, has recently signed a Heads of Agreement that sets the scope and commercial principles for the development of a world-scale petrochemicals complex in Ras Laffan Industrial City, Qatar. This agreement follows the conclusion of a joint feasibility study conducted by the partners, Qatar Petroleum and Shell.
San Donato Milanese (Milan), 16 December 2011 –Saipem has been awarded new E&C Offshore contracts in South America worth approximately $600 million.
Technip has been awarded by Uzbekistan GTL LLC(1) an extension of the existing reimbursable services contract, for the front-end engineering design of a gas-to-liquids(2) (GTL) plant, located 40 kilometers south of Qarshi in Uzbekistan.