Process manufacturing industries (chemical, metal, oil, etc) share some very specific challenges and issues. They are typically capital-intensive, with their cost structure generally associated with the production process and equipment depreciation, rather than procurement of raw material or components.
This is why economic performance, in these industries, is primarily linked to implementing efficient CAPEX optimization strategies, one of AVENCORE’s main areas of excellence. When production assets are already in place, competitive savings are still possible as a result of OPEX optimization.
On such assignments, AVENCORE has proven that cutting the cost of a new industrial asset by 30 to 40% is possible (CAPEX projects). On OPEX projects, 10 to 15% cost reduction is, generally, a realistic target.