Some industrial greases are not as popular as the others. A perfect example is the aluminum-complex grease that pales in comparison to lithium and lithium-complex greases when it comes to popularity in the industry. The main driving force as to why some greases are popular while others are not is the cost.
Using the above example, an aluminum-complex grease might perform equally well or better than a lithium-complex grease. Aluminum-complex grease, however, is more expensive to manufacture and its production time is significantly longer compared to lithium-complex grease. This means that a company that manufactures aluminum-complex grease has lower production and less earning compared to manufacturing lithium-complex grease.
There are three main components of industrial grease. A base oil, thickener and additives are mixed in certain proportions to achieve the desired properties of the final product. These components dictate the price of the grease.
In selecting industrial grease, both cost and performance must be carefully considered. The right balance between these two can aid in maximizing profits. How so?
Focusing on lowering cost and while neglecting performance increases the likelihood of equipment failures. Stoppage of operation due to equipment failure can result to lowered productivity. Parts of the equipment can get damaged which will require expensive repairs. Lowered production and expensive repairs results to drop off in profit. The opposite situation which focuses on performance while disregarding cost simply makes no sense from a business standpoint.
The best way to save on industrial grease is to work directly with the manufacturer to create a product that meets the budget and required performance.