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SAUDI ARABIA. US-based Meridium, the global leader in asset performance management (APM) software and solutions, announced today that Saudi Basic Industries Corporation (SABIC) headquartered in Riyadh, Saudi Arabia, signed an agreement to licence Meridium.
The agreement was signed on 11 November 2006. Saudi Business Machines (SBM), Meridium's partner in Saudi Arabia, is assisting Meridium in the implementation for the SABIC project. SABIC comprises one of the largest Meridium corporate implementations and the most comprehensive in the Middle East & North Africa (MENA) region.
With growing competition, SABIC recognised the need of applying a reliability programme to maximise its profitability, hence, the SABIC Total Reliability Programme (STRP4) was initiated. The objectives of this program are to achieve maximum efficiency and effectiveness of assets.
As part of the overall project, in addition to training and consulting services, Meridium is providing an array of APM software and services including: Reliability Centred Maintenance / Failure Modes and Effects Analysis; Risk-Based Inspection; Reliability Instrumented Systems; Root Cause Analysis; Metrics and Key Performance Indicators; Reliability Analytics; Production Incident Tracking; Bi-Directional Interface to SAP; Reliability Consulting Services, Facilitations, and Workshops; Implementation and Training Services.
Bonz Hart, Meridium founder and CEO, said: "Meridium is pleased to be continuing our success in the Middle East with a company like SABIC that has put such emphasis on developing comprehensive asset reliability and overall operational excellence. We're looking forward to working on this major project with SBM, as our strategic implementation partner. SABIC's choice of Meridium for this project reinforces that reliability and availability initiatives must align with business objectives in order for companies to be successful and profitable."
See also www.meridium.com and www.sabic.com


