It is very simple, quality safety practices mean manufacturers will be more profitable and that is one reason why industrial process industry is experiencing dynamic growth in functional process safety applications.
Much of this growth comes from increased awareness of destruction of property, injuries and loss of life associated with tragic events that garner attention across the globe.
In addition, companies have a moral and legal obligation to limit risk posed by their operations. Because of their social responsibilities, the cost of litigation measuring in the billions of dollars has caught the eye of risk management executives worldwide.
As a result, management recognizes the financial rewards of utilizing a properly designed process system that optimizes reliability and safety. That’s why companies are now actively taking steps to comply with worldwide safety standards such IEC 61508/61511.
To accomplish this, safety practitioners need a new generation of equipment specifically designed and approved for use in safety instrumented systems that utilize electrical and or electronic and or programmable technologies.
Click here for more information on how to find the right type of equipment for your safety solution.