MISTRAS Group to Provide Mechanical Integrity and Risk-Based Inspection (RBI) Software to INEOS Group
December 08 2021 - 9:00AM
MISTRAS Group, Inc. (NYSE: MG) — a leading “one source”
multinational provider of integrated technology-enabled asset
protection solutions — announced an agreement with INEOS Group, a
global manufacturer of petrochemicals, specialty chemicals and oil
products, to facilitate and execute INEOS’ initiative to enhance
the company’s enterprise mechanical integrity.
As part of the agreement, MISTRAS’ Plant Condition Management
Software (PCMS®) – an industry-leading inspection data management
software (IDMS) that specializes in risk-based inspection (RBI) –
is available to INEOS facilities worldwide.
PCMS® empowers users to ensure their operations continue to
perform at the highest-quality mechanical integrity standards.
PCMS® offers decades of mechanical integrity experience, having
been specifically developed for process industry facilities and
equipment. Major corporations around the world utilize PCMS® as
their mechanical integrity software of choice; it is installed at
over 500 facilities in 18 countries worldwide and serves over 50%
of the United States’ refining capacity.
PCMS® enables organizations to seamlessly manage single-site and
enterprise inspection and mechanical integrity data. With embedded
RBI calculators that enable compliance with American Petroleum
Institute (API) Recommended Practices (RP) 580 and 581, PCMS®
empowers users to ensure their mechanical integrity programs are
developed and executed on a sound engineering foundation.
“We are privileged to work with INEOS to enhance the mechanical
integrity and reliability of its assets,” said Brian Odenbach,
acting Divisional Vice President, PCMS Software & Services.
“We’re supporting INEOS in making a commitment to operational
excellence through turnkey RBI software, helping them advance
inspection methodologies to reduce risk and improve safety.”
For more information on PCMS®, visit
https://www.pcmssoftware.com/.
About INEOS GroupINEOS is the world’s third
largest chemical company. It has a turnover of $61bn and employs
26,000 people across 36 businesses, operating 194 sites in 29
countries throughout the world.
INEOS products make a significant contribution to saving life,
improving health and enhancing standards of living for people
around the world. Its businesses produce the raw materials that are
essential in the manufacture of many goods: from paints to
plastics, textiles to technology, medicines to mobile phones -
chemicals manufactured by INEOS enhance almost every aspect of
modern life. Its facilities provide the raw materials and products
that meet society’s needs. Its scientific innovations are also
helping in the move towards a lower carbon economy. And it is also
playing a vital role in everything from reducing plastic waste to
creating a more circular economy.
About MISTRAS Group, Inc. - One Source for Asset
Protection Solutions®MISTRAS Group, Inc. (NYSE: MG) is a
leading "one source" multinational provider of integrated
technology-enabled asset protection solutions, helping to maximize
the safety and operational uptime for civilization’s most critical
industrial and civil assets.
Backed by an innovative, data-driven asset protection portfolio,
proprietary technologies, and decades-long legacy of industry
leadership, MISTRAS leads clients in the oil and gas, aerospace and
defense, renewable and nonrenewable power, civil infrastructure,
and manufacturing industries towards achieving and maintaining
operational excellence. By supporting these organizations that help
fuel our vehicles and power our society; inspecting components that
are trusted for commercial, defense, and space craft; and building
real-time monitoring equipment to enable safe travel across
bridges, MISTRAS helps the world at large.
MISTRAS enhances value for its clients by integrating asset
protection throughout supply chains and centralizing integrity data
through a suite of Industrial IoT-connected digital software and
monitoring solutions. The company’s core capabilities also include
non-destructive testing field and in-line inspections enhanced by
advanced robotics, laboratory quality control and assurance
testing, sensing technologies and NDT equipment, asset and
mechanical integrity engineering services, and light mechanical
maintenance and access services.
For more information about how MISTRAS helps protect
civilization’s critical infrastructure, visit
https://www.mistrasgroup.com/.
About Plant Condition Management Software
(PCMS®)PCMS® is MISTRAS Group’s industry-leading
inspection data management software (IDMS), specializing in
mechanical integrity and risk-based inspection (RBI). PCMS® is
utilized globally by major process industry organizations, who rely
on the software to manage and generate actionable insights from
inspection data on piping, pressure vessels, safety relief devices,
valves, tanks, and other process equipment. PCMS® helps to maximize
safety and compliance with process safety management (PSM)
regulations, recognized mechanical integrity codes, and engineering
best practices.
For more information on PCMS®, visit
https://www.pcmssoftware.com/.
Contact:
Nestor S. MakarigakisGroup Vice President, Marketing and
CommunicationsMISTRAS Group, Inc.marcom@mistrasgroup.com+1 (609)
716-4000
Mistras (NYSE:MG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Mistras (NYSE:MG)
Historical Stock Chart
From Jul 2023 to Jul 2024