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Finnish metals firm joins with Canadian software developer to offer maintenance reliability solution

Burlington, ON -- Ivara Corp. of Burlington, Ont., an innovator in asset reliability solutions, and Outokumpu of Es...


Burlington, ON — Ivara Corp. of Burlington, Ont., an innovator in asset reliability solutions, and Outokumpu of Espoo, Finland, a metals and technology company, are partnering to offer a complete solution of software and services to help customers the metals and mining industry achieve and sustain a proactive, reliability-driven approach to maintenance.

To gain a competitive advantage, companies have recognized operational reliability as a strategic component in their plans for future success. Maintenance goals can be aligned with company goals to achieve higher returns on asset investments, to increase output and revenue, and to ensure safety and environmental integrity. The synergy created through this partnership delivers an innovative solution with fewer resources to maximize equipment reliability, while optimizing cost efficiencies within the metals and mining industry.

"Ivara EXP complements our operating and maintenance concept that harmonizes the interaction between production and maintenance, both on a physical and personnel level," said Matti Tarvainen, director, marketing and sales at Outokumpu.

"Partnering with a market leader like Outokumpu gives Ivara an enormous opportunity to gain a strong hold in the metals and mining industry," said Bill Shaw, president and CEO of Ivara. "Today more than ever, enterprises in the metals and mining industry are examining their business plans carefully to ensure that the organization is operating as effectively as possible."

Ivara EXP collects equipment condition data from controls, sensors, data historians, predictive maintenance technologies and visual inspections. It consolidates and analyzes all condition data, identifies potential failures and recommends corrective actions.

Outokumpu specializes in stainless steel, fabricated copper products, and related technology; more than 90% of its net sales are generated outside Finland. For more information, visit www.outokumpu.com.

For more information about Ivara, visit www.ivara.com.