Grigiskes AB - Notification on material event

GRIGISKES AB continues successful implementation of World Class maintenance system

Vilnius, Lithuania, 2012-03-01 11:53 CET (GLOBE NEWSWIRE) -- GRIGISKES AB
successfully accomplished proactive reliability maintenance project now
providing opportunity further to improve the reliability and efficiency of
existing production assets. Project implementation started on the 18th of
February, 2011 when GRIGISKES AB and SKF Lietuva UAB signed a proactive
reliability maintenance service agreement. Within a period of one year
professionals of SKF group carryed out agreed obligations and delivered World
Class maintenace experience to GRIGISKES AB technicians with the unique
opportunity for company's rapid improvement. 

During project implementation an innovative GRIGISKES AB maintenance strategy
was developed. The aim of teh strategy is influence to potencial failures of
existing production assets which are critical to safety, environment and
economics sense. This system allows plan preventive and diagnostic maintenance
tasks in order to reduce cost and improve output. Proactive
equipment-reliability-oriented activities keep improving the processes of
maintenance of equipment and increase efficiency of existing production
equipment. 

To support the maintenance strategy, GRIGISKES AB also implemented an extensive
computerized maintenance management system, which helps to optimise all
maintenance activities and procesess. Development of key performance indicators
system guide to straight indentification and prediction of equipment failures
with decision making in maintenace areas, production planning and order
fulfillment in time. 

GRIGISKES AB will continue implementing Word Class maintenance in subsidiaries
to fulfill the ambition to reach hight quality services, flexibility execution
of client orders and become an important player in the market. 




         Gintautas Pangonis
         General Director
         (+370-5) 243 58 01