After TrackAbout threw the spotlight on supply chain inefficiencies with liquid cylinders recently, as explored in gasworld’s February 2017 hot topic, the total cost of ownership of cylinders as a whole is now in focus with the emergence of a new study.
Worthington Industries, the leading global manufacturer of pressure cylinders and related products for industrial, transportation and fleet fuel storage, energy and consumer products markets, recently completed a study that calculates the total cost of ownership (TCO) of steel high pressure cylinders and outlines factors that influence total cost.
Worthington explains that because a typical cylinder will be in service for decades, it will incur substantial operational costs over its lifetime. Being aware of these expenses and weighing them against short-term cost savings could prove crucial in making a wise purchasing decision that will minimise TCO.
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