Are you counting the cost of corrosion?

Failure to count the cost of corrosion may leave manufacturers and facility managers blindsided by consequences such as faulty equipment, delayed production, and customer rust claims that must be made right

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The global cost of corrosion was an estimated US$2.5 trillion in 2016, according to a study published by NACE International. Allowing for inflation, that number could easily surpass US$3 trillion today. Unfortunately, many are not aware of the high price tag of corrosion even for individual businesses and corporations. Cortec® Corporation therefore encourages manufacturers, maintenance managers, and other decision-makers to consider the potential cost of corrosion and take reasonable measures to avoid it.

Why count the cost of corrosion?

Failure to count the cost of corrosion may leave manufacturers and facility managers blindsided by consequences such as faulty equipment, delayed production, and customer rust claims that must be made right. Furthermore, without counting the cost, managers may have difficulty getting the approval needed to budget time and money for corrosion prevention. Counting the cost of corrosion helps achieve both the motivation and approval needed to take corrosion protection measures.

Identifying corrosion costs in manufacturing