Lubezine Magazine Vol. 4 Lubezine Magazine Vol. 4 | Page 12

MAIN FEATURE Predictiv e maintenance Lubrication and condition monitoring to improve plant availability Eur.Ing. Andrew Monk. C.Eng. M.I.Mech.E., M.E.I. Managing Director Lubrisolve Engineering Solutions Ltd. www.lubrisolve.co.uk Profile: Andrew runs a Lubrication and Engineering consultancy, based in the UK, and has been involved in the application of lubricants for over 25 years in many different parts of the world. He is an experienced professional in all aspects of lubricants, lubrication, and lubricating equipment. 10 Holroyd acoustic Emission equipment being used on a fan bearing. The basic principles T he manufacturing industry is no different from most other types of businesses in that the service that they provide, or the products which they produce, must ultimately deliver a profit. This is not always what happens in practice, of course, as any business can have a bad set of financial figures for any given year which may not be attributable directly to that particular business, but may be due to extraneous market forces. The size of any particular business determines whether that business can absorb a financially poor year or not. However, the costs associated with running such a business can be many and diverse, and generally varying in magnitude in direct relation to the size of the respective plants themselves. A significant cost is naturally attributable to the actual equipment and plant used in the manufacturing process. In the case of a new plant, there is obviously the initial purchase price of the individual plant items and, prior to purchasing, an in-depth analysis has to be undertaken as to the predicted payback period. In other words, how long a particular item of plant has to be in operation, so as to be able to repay the initial amount Condition monitoring is a natural partner to good lubricating practices and if we deem ourselves to be efficient and effective at one then it follows that we should be proficient at the other. Lubezine Magazine | July-September 2012