18 FEBRUARY 2015
Prometheus Group and SMEC are excited to announce their global partnership which combines Prometheus Group’s leading edge enterprise asset management software with SMEC’s best‐in‐class asset management consulting group. The partnership initially will focus on the mining industry and other asset intensive verticals.
With a large reserve of high–‐quality minerals, metals, and hydrocarbons close to the surface of the earth, Australia’s mining sector is price‐competitive on a global scale, with exports expected to account for just over 67% of revenue in 2014‐15. It is no surprise then that the sector is expected to grow by 4.7% annually to the year 2020, generating over $234 billion in revenue each year.1
However, capital expenditure investment by global mining companies has remained low since the global financial crisis. Global mining giants BHP Billiton, Vale and Rio Tinto implemented aggressive cuts to asset expenditure last year, and a number of major mining equipment manufacturers reported significantly reduced revenue or losses.2 For example, Sandvik’s order book in fell 18%, and Caterpillar reported a 45% drop in profits in early 2014,due to weaker mining orders.3
However, orders for maintenance services began to increase in late 2014, as emergency asset management demand increased from miners who had put off maintenance services for over a year.4 This trend is likely to continue as miners seek to extend the life of existing assets through maintenance, rather than investing in replacement equipment.
Given the need for these major asset management programs, when it comes to increasing the life of equipment, and planning shutdowns and maintenance, real‐time collaboration is a must. The Prometheus Group and SMEC partnership will provide not only the tools to improve asset performance but also the critical processes to drive dramatic and sustainable improvement in asset care.
Prometheus Group General Manager of Sales for Europe, Middle East, Africa andAsia‐Pacific, Dr Bernhard Schwister, notes the possibilities that the partnership has to offer, “Our software has gained unprecedented acceptance in the market place because its ease of use, rapid implementation, and intuitive nature. By offering an integrated solution with SMEC, our customers gain a distinct competitive advantage through asset optimisation that is fully realised and effective.”
SMEC’s Chief Operating Officer for Asset Management in the Australian/Asia region, Thomas Hynes also believes this new partnership has much to offer the mining sector specifically, “When Prometheus Group software is combined with SMEC’s integrated asset management solutions, sustainable and ongoing long‐term operational improvements can be achieved, positively impacting both productivity and earnings. Our dedicated asset management function delivers solutions that balance risk, performance and cost. We experience a demand for solutions that can unlock and extend the value derived from the investment in SAP that has been made by many asset intensive enterprises. This partnership enables us to offer Prometheus Group’s SAP expertise to drive value for customers together.”
SMEC’s asset management services are complemented by extensive engineering expertise, allowing asset management solutions to be developed and incorporated into every stage of a mining project’s lifecycle: planning, design, construction, commissioning, operations and maintenance and decommissioning phases.
Together, Prometheus Group and SMEC will identify and develop process improvement needs across an enterprise platform, improve production and asset reliability while enabling enterprise wide roll‐out of standardised process improvements for the mining sector throughout the Australia and Asia regions.
From 23 February to 3 March 2015, Prometheus Group and SMEC will debut their partnership in a roadshow throughout Brisbane, Melbourne, Perth, and Kuala Lumpur. The roadshows will provide attendees with the opportunity to discuss critical asset management issues including a follow up onsite visit by Prometheus Group and SMEC, at the attendee’s request.
To register interest in the roadshow, visit: http://roadshow.prometheusgroup.com/papac2015.
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1 http://www.ibisworld.com.au/industry/default.aspx?indid=55
2 http://www.ft.com/cms/s/0/113201e4‐0028‐11e4‐a3f2‐00144feab7de.html#axzz3QMARN28K
3 http://www.ey.com/Publication/vwLUAssets/EY‐mining‐equipment‐overview/$File/EY‐mining‐equipment‐overview.pdf
4 Ibid.
About Prometheus Group
Founded in the US in 1998, Prometheus Group is an enterprise application software company that specialises in improving the usability and user adoption of SAP plant maintenance. Prometheus has delivered over 1,000 successful implementations worldwide across many different industries, some of which include Oil and Gas, Mining, Chemicals, Food and Beverage, and Utilities. In fact, Prometheus Group works with the top six Oil and Gas companies, six of ten top Chemical companies, and the top three Paper companies. Prometheus Group enables unified enterprise asset optimisation through an integrated approach to planning, scheduling, work management and business analytics across routine and preventive maintenance, shutdowns and turnarounds, and production scheduling. Prometheus software is easy to use, can be implemented in weeks, and allows a business to quickly improve operational efficiency to gain competitive advantage.
Prometheus Group software is SAP‐certified and powered by SAP Netweaver 7.01 via the SAP integration scenario ABAP add‐on deployment for SAP ECC 6.0 EhP4. The software requires no additional middleware or hardware, and meets all the technical and syntactical consistency of the add‐on, in accordance with SAP certification procedures. For more information, visit: www.prometheusgroup.com
About SMEC
A professional services firm with a global footprint, SMEC provides high‐quality consultancy services for major social and physical infrastructure projects servicing the Transport, Hydropower and Energy, Water and Environment, Urban and Social Development, Resources, and Industrial and Manufacturing sectors. With over 5,300 employees and an established network of more than 75 offices in Australia, Asia, the Middle East, Africa and North and South America, SMEC has been ranked in the Top 100 of Engineering News‐Record’s (ENR) Top 225 International Design Firms for the past 15 years. SMEC’s consultancy services include: pre‐feasibility and feasibility studies, field investigations, laboratory testing, computer modelling, detailed design, tender and contract management, construction supervision, quality assurance, commissioning, operation and maintenance, training and project management. For more information, visit: www.smec.com