As an executive in a small business, I certainly don’t claim to have all the answers on how to “keep employees happy.” However, when I think about it, I think I know someone who does – Ric Michaels, my first grade teacher.
Now, I’m not comparing Induron’s (or your!) employees to first graders. But I am saying that keeping employees – or any other group of people – happy and productive requires the things we all learned, or should have learned, very early in life from a good role model. Continue reading How to Keep Employees Happy→
Join Induron Coatings in New Orleans at WEFTEC this fall, and save $170 off the registration price when you register by this Friday, July 13!
It might seem a little “spooky” to register for an October event on Friday the 13th – but we know you won’t be frightened away from a good deal!
Use the money you’ll save on your registration fees to enjoy one of New Orleans’ most unique experiences – a cemetery tour! It’s one of Davies’ personal favorite New Orleans activities – find out more here.
Are you ready to go wireless? Is your employer? How about your water system? Well, according to this feature article in “Automation World,” wireless communication is coming whether we like it or not. A prime example is the Crescenta Valley Water District near Glendale, Ariz. This water system recently switched to an all-wireless communication system, and estimates that getting rid of land lines will save the company roughly $27,000 each year. With that kind of savings, I’m trying to figure out how Induron can go wireless!
I believe that people worldwide have a right to clean water. I’ve encouraged the entire Induron staff to sign and support the Water Environment Federation’s (WEF) “Water is Worth It” pledge. I just signed it. And I encourage you to as well.
By signing this short, four-sentence pledge, you too can help support clean and safe water worldwide! Think of the difference access to clean drinking water can make in one child’s life.
I remember well my first site visit to an elevated water tank painting project. I was driving down the road with an older salesman who was pointing out all of the different styles of water tanks.
We saw fluted column tanks (large flashlights), standpipes (tall, skinny tanks w/ out legs), Taurus-bottom tanks (made famous being depicted as aliens in George Orwell’s War of the Worlds) and a couple of single pedestal tanks (golf ball on a tee).
I suddenly realized that the paint being applied to all of these tanks was not being applied very close to the ground. After getting over the first round of nausea caused by my deep rooted fear of heights, I started thinking about the “how” part of the equation, as in, “how the heck do they paint up there?”
Motorized pick-boards, baskets and Bozeman’s Chairs on rope falls were the answer. I then saw this cool invention. This motorized chair looks like a great way for our high-work customers to save time and improve worker safety. It also provides a very good reminder of just how much intestinal fortitude some of Induron’s customers have!
Founded in 1947, Induron manufactures high performance coatings that serve a range of industrial applications, including the wastewater, transmission and distribution and groundwater storage industries. Learn more about us at www.Induron.com.
I recently read this article in “Chemical Processing” about the salaries and overall happiness of chemical engineers, and I found it quite interesting.
Although this article is about one particular field (chemical engineers), it can apply to nearly any professional career. I particularly like the comments, “No job is worth having if you can’t enjoy most of it. There is no good job that you will enjoy every aspect of. That’s why they pay us,” and “Stay current, the field is continually evolving and there is a lot to learn.” Do those quotes sound like they could have been made by your peers and/or predecessors? I think they’re good reminders that we all need to maintain a positive attitude and continue to try to grow through learning.
I also found the statement, “Lack of recognition remains the leading downside most respondents identified about their jobs,” to be similar to ring true in my business. Simply put, people like to be recognized for their successes… I know I do!
Thank goodness baseball season is here. I absolutely love looking at baseball box scores first thing in the morning. I like following my team (The San Francisco Giants) through the inevitable ups and downs of a long season. I appreciate the intricacies of the game, like bunting a runner into scoring position, the hit ‘n’ run and the subtle shift in fielders’ positioning based on a certain hitter’s tendencies, as well as what and where the pitcher intends to pitch to him.
I was expecting the recent box office hit “Moneyball” to delve into these parts of my passion. However, what I got was an entertaining (thank you, Brad Pitt) business lesson. This article in QP (Quality Progress, which unfortunately requires site login) really digs into the statistical part of the movie and fleshes out some of the real lessons that Billy Beane and his Oakland Athletics learned over the years.
These valuable lessons are:
Focus on measurements to create a culture of success. Quite simply, measure what’s important, because people focus on what it is that’s being measured. In “Moneyball,” Beane focused almost exclusively on “On-base percentage,” instead of batting average and the beauty of a player’s “swing.” This leads to the second lesson… Continue reading What I Learned About Business from “Moneyball”→
Induron would like to wish the American Coatings Association (ACA) a Happy 125th birthday! The ACA is a valuable organization to all of us in the paint manufacturing business (and, to be truthful, a whole mess of other businesses that use paint). It’s an organization that Induron Coatings has supported for a long time. Continue reading Happy Birthday ACA!→
Induron Coatings is happy to see the GREEN Initiative making its way from architectural paint into the industrial coatings realm. As this article from Paint Square describes, infrastructure projects from water lines to bridges to wastewater treatment plants are going to have a new green measuring stick, thanks to Paul Zofnass, a Harvard alumnus and longtime strategic and financial advisor to CEOs in the engineering/consulting industry.
Induron’s line of 100% solids (VOC & HAP free), ceramic epoxies are some of the greenest products on the market. It also helps that they are among the most user-friendly plural component products available today.
This green movement will be good for our nation and the coatings market too, if lifetime costs analysis are part of the equation. A product might be “green,” but if it’s no good and you end up having to paint a structure more often, where is the value, much less the green advantage? For the green Initiative to be considered a success in infrastructure projects, the products used have to be not only green (low VOC, HAP free, sustainable materials, etc.), but they have to be high quality as well.
At Induron, we welcome the green Initiative to the Industrial Coatings market, because we have user-friendly, ceramic epoxies that have stood the test of time and add value to infrastructure projects.
Back in January, Induron Coatings held our first Management Retreat, with the goal of crafting a Mission Statement, set of Core Values and Goals. Although we are a 65-year-old company, we pride ourselves on staying nimble, and are in the process of transitioning to the third generation of family ownership.
I asked my team to put together a mission statement, values and goals. What occurred was nothing short of magic. Instead of coming up with a whole new way to run a successful organization, we ended up focusing on what got us to our 65th birthday. It turns out, reinventing the wheel really is wasted time.
Unlike many other regional paint manufacturers that have gone out of business or been gobbled up by our giant publicly traded competitors, Induron Coatings – previously Indurall Paints and Industrial Paint Manufacturing Co. – has remained in business because of the time-tested values that our management team came up with.
These simple but very real values are: Integrity, Respect, Reliability and Innovation. Each stands alone in value for our company, our employees, our suppliers and, most importantly, our customers. However, when all four are honed day-in and day-out, their combined results can only mean one thing: Success.
The Induron management retreat team consisted of key department heads, including sales, manufacturing, accounting, pipe sales, executive staff and our technical director. We visited a remote destination so everyone could be free of their daily interruptions and distractions (and maybe even our Blackberries). I’m certain that all of us had different expectations and/or fears about the retreat. Our process was to agree upon a measureable goal for the entire Induron team, then come up with a “few” core values, move into an overall Mission Statement and culminate the meeting some steps we could take to implement these new values. Continue reading Our New Old Values→
This is a NEW ADDITION providing SIGNIFICANT IMPACT on the tower to ENHANCE SERVICE LIFE.
While fixing foundations maintains what’s already there, applying Induraguard 9200 is like adding a fresh layer. It’s a new addition. The process needs to be done on a larger scale, so it’s important enough to be closely looked at by the Public Utilities Commission (PUC). With the huge U.S. electrical grid that can rust over time, the importance is clear. When this helps a structure stay useful for much longer and costs much less than getting a new one, it’s a real benefit for ratepayers.
WHY are you hearing this now?
The recent FERC ruling outlined the specific requirements for obtaining CapEx treatment when revitalizing towers.
FERC (Federal Energy Regulatory Commission) Update Enables Capitalization of T&D Coatings Initiatives
Formerly, utility companies could include replacement costs for transmission towers and poles in their capitalization, but corrosion control for these assets was excluded. A groundbreaking shift introduced by the Federal Energy Regulatory Commission now allows utility providers to categorize corrosion control programs (coating programs) for transmission structures as a “significant addition,” thereby enabling them to capitalize these expenses for accounting purposes. This alteration is poised to significantly impact the condition of the nation’s aging electric utility infrastructure.
On February 22, 2022, the Federal Energy Regulatory Commission (FERC) approved a utility company’s proposal to classify their tower coating programs as “substantial additions.” The order (1) clarifies, “The Commission has previously permitted utilities to consider the addition of minor property items that were previously absent as substantial additions and to capitalize the related costs when such costs extend the useful life, operational capacity, or efficiency of the associated retirement units.” Utility companies are now authorized to capitalize on the costs linked with corrosion control. This change aligns with generally accepted accounting principles (GAAP) and offers various financial advantages, including a more balanced assets-to-liabilities ratio and reduced income fluctuations.
In numerous instances, corrosion control solutions such as coatings have been repeatedly applied to structures, demonstrating anticipated performance and proven outcomes. Corrosion control coating programs, such as Induraguard 9200, possess the capacity to effectively prolong the service life of structures indefinitely.
HOW is this possible?
PG&E successfully presented a rate case supporting their proposal, citing examples of Southern Company and other utilities employing similar CapEx treatment. The PUC specified certain documentation requirements, but in the end, they granted the CapEx treatment as long as those requirements were met.
“Why should the ratepayer or the environment be asked to bear the cost of a new tower when coatings can be used to keep the one we already have operating indefinitely at a much lower cost?”
In PG&E’s success rate case proposal, FERC highlighted that comparable accommodations have been extended to prominent utilities such as Georgia Power and Southern California Edison. This ruling established a much-needed precedent and framework for other utilities to make the case that they have a responsible coatings program. Such programs can significantly enhance existing structures and potentially extend their operational lifespan by two decades or beyond.
The Tower Is Revitalized
Once the integrity of the galvanizing is compromised, the tower’s initial environmental protection is ineffective. However, the structural integrity remains intact. Implementing a new protective measure will ensure its preservation.
The application of Induraguard 9200 involves installing it on energized towers, typically at a rate of 1-2 towers per day for standard sizes.
Results In Monetary and Environmental Savings
Using Induraguard 9200 to restore a tower costs much less than replacing the whole tower – less than a tenth of the cost. It achieves the same goal while significantly reducing the need for procurement, engineering, and other human resources.
The environmental impact of mining, fabricating, shipping, and installing a new tower is drastically more detrimental compared to the environmental impact of prolonging the use of existing infrastructure.
Achieves An Indefinite Service Life
These structures, composed of steel and reinforced concrete, possess an indefinite design life if we manage environmental deterioration. This means there is no predetermined limit on the amount of value and serviceability after the initial installation at the ratepayer’s expense.
By implementing future applications of Induraguard 9200, the potential utilization timeframe for the structure becomes limitless. This becomes especially significant due to the existing strain on constructing new power infrastructure. It underscores the fact that we cannot simultaneously construct all the required new facilities and overhaul the current grid.
Revitalization Is Now A Capital Expense
The utilization of Induron’s Induraguard 9200 as a protective coating has gained recognition as a Capital Expense by both FERC and Public Utilities Commissions across the United States. This acknowledgment enables the potential cost of installing a replacement tower to come off of ratepayers while permitting the utilization of CapEx funds for this undertaking.
The Replacement Tower Is Now A Capital Expense
Once the existing tower has reached the end of its serviceable lifespan, the cycle starts over — thorough planning, procurement efforts, and assessment for a rate case to install a new replacement tower that is incredibly expensive and potentially disruptive to critical power transmission. This will be classified as a Capital Expense, thereby falling within the responsibility of the ratepayers again.
The Tower Corrodes And Needs Replacement
As the galvanizing layer diminishes, corrosion sets in, initiating the deterioration of the asset itself. This progression leads to visible corrosion and a reduction in structural integrity, ultimately necessitating the replacement of the entire structure.
Maintenance is classified as an O&M expense
Maintenance activities for the tower are categorized under Operations & Maintenance expenditures. Given that the asset was acquired using CapEx funds from ratepayers, the mentality of operation-to-failure takes hold. The objective then shifts to maximizing the asset’s operational lifespan before allocating further CapEx funds for its replacement.
The Tower Needs Maintenance
Over the tower’s lifespan, regular maintenance tasks are performed. Bolts are periodically replaced, foundations undergo repairs, and in some instances, structural elements are swapped out. However, it’s important to note that these routine maintenance activities do not mitigate the gradual degradation of the galvanizing layer, which ultimately leads to corrosion and, ultimately, the failure of the entire structure over time.
The Tower Is Built
The need for a new power transmission line is assessed, followed by meticulous planning, procurement of materials, and installation. The newly constructed tower is fortified with a protective layer of zinc, commonly referred to as galvanizing, which can have a lifespan of 20 to 50 years, contingent upon its quality, quantity, and service environment. This is financed through Capital Expenditure (Capex) funding, thereby distributing the financial responsibility to ratepayers through their imposed rates.
