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The NACE International’s 2016 IMPACT Study states:

“The fact that corrosion control can be profitable has been realized over and over again by industry, often following costly business interruptions due to failures of equipment and assets to perform as intended. Cost savings from corrosion control are often not obvious for some period of time; i.e., (i) maintenance costs slowly decrease; (ii) monitoring or inspection costs decrease or inspection intervals increase; (iii) fewer failures save lost production time and/or lost product, decrease injuries, decrease property damage, decrease environmental releases, and improve public relations; and (iv) life extension of the asset.”

Using LCP-177 is a proven and cost effective way to help prevent failures caused by corrosion of electrical systems, electronics, avionics, and electrical switches and connectors. LCP-177 Ultra Thin Film Water Displacing Lubricant and Corrosion Inhibitor should be included in all maintenance and corrosion prevention and control programs to help reduce costs and enhance safety.

Corrosion: A Solution To A Costly Problem

 

The economic effects of corrosion

Corrosion is an increasingly serious and costly problem that leads directly to plant and equipment failures, environmental problems, as well as human health and safety problems.  Failures caused by corrosion can and do lead to directly to a failure of a component which could directly affect an entire system.  Corrosion caused failures can not only be very expensive in terms of equipment down time, the costs to repair or replace it, lost productivity and lost revenue, but also in the costs to human health as well as the costs to the environment. Failures caused by corrosion range from being an annoyance to being catastrophic.

Most people associate corrosion with rust, which only happens in ferrous metals such as steel girders, ships, iron pipes, steel reinforcement rods, and steel tanks. Corrosion is also the cause for expensive failures in a number of other areas such as electronics, avionics, computers, printed circuit boards and wire bond connectors, conventional and nano switches, terminal blocks and connectors, circuit breakers, electrical contacts, aircraft, communication equipment and switches, multi pin electrical connectors and plugs are very prone to corrosion as are non-ferrous metals and alloys such as copper, tin, aluminum, and gold plated connectors.

LCP-177 is a unique and proprietary water displacing synthetic lubricant with corrosion prevention compounds that prevents corrosion of metals, including where dissimilar metals may come in contact, and prevents fretting corrosion of electronic and electrical equipment corrosion caused by exposure to both fresh and salt water moisture and to corrosive vapors from Sulfur dioxide (SO2), Nitrogen dioxide (NO2), Hydrogen Sulfide (H2S), Ammonia (NH3), and Chlorine (CL12) based gases and other corrosive gasses.


The Cost of Corrosion

While there have been a number of studies done over the years including those by the U.S. Federal Highway Administration, NACE International and CC Technologies Laboratories, the Department of Defense, as well as studies done in Japan, United Kingdom, Sweden, Germany, and Finland and others the bottom line in all of these studies is that corrosion is a very expensive problem.

The NACE International’s 2016 International Measures of Prevention, Application, and Economics of Corrosion Technologies (IMPACT) Study states that in the U.S. the cost of corrosion to agriculture, industry, and services combined amounts to $451.3 billion or to put it another way the Cost of Corrosion is 2.7% of the U.S. GDP.

The questions all managers should ask are:

1. Are corrosion prevention programs worth the cost?
2. What is the cost or Return On Investment of a corrosion prevention program?
3. What is the cost of NOT having a corrosion prevention program in place?
4. What are the costs in terms of lost revenue and productivity when a component or a piece equipment fails due to corrosion and has to be taken out of service for repair or has to be replaced?
5. What are our warranty repair/replacement costs because of a lack of corrosion prevention program in our manufacturing process?
6. Should we use LCP-177, a tested and proven lubricant and corrosion preventative product or just something off the shelf.

In 1971, T.P. Hoar stated in his report to the Committee on Corrosion and Protection in England, that “…corrosion control or prevention of even small components could result in major cost savings because of its overall effect on the entire system rather than just the components.” It is much simpler and a lot less costly to prevent corrosion in the first place than to repair or replace the damaged equipment or components that failed because of corrosion.

Preventing an expensive problem

If a piece of equipment stops working because of a corroded electrical component or connector you call in your maintenance people to repair it or replace the component. An inconvenience and aggravating problem true which may cost any where from a few dollars to thousands to repair. However, if a system failed because of a corroded electrical contact in an electrical circuit which caused the failure of the transfer fuel control system on an airliner at 30,000 feet with 250 people on board that could prove to be not only expensive but quite possibly also catastrophic to the crew and passengers. While the electrical components in both cases failed due to corrosion both failures could very well have been prevented by using
LCP-177 
in an established  Corrosion Prevention Program and incorporated into all routine maintenance programs.

Ben Franklin’s old adage still applies today more than ever: "An ounce of prevention is better than a pound of cure".

 

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CORR-EX, LLC - Corrosion Prevention And Control

216 King Cotton Road
Brunswick
GA 31525

CAGE Code: 6MWZ4

 

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Tel: 1-912-399-1559
Fax: 1-912-319-5015
E-mail: info@correxllc.com
Website: www.correxllc.com

website last updated July 2016
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