Meridium, Inc., the leader in asset performance management (APM) software and consulting solutions, today announced plans for a Meridium implementation at Braskem, the leading petrochemical company in Latin America. Braskem operates 14 petrochemical plants with a production capacity of more than 5 million tons per year of chemical and petrochemical products.

Over the next year, Meridium will provide software and services to implement its APM solution at Braskem to reduce cost and equipment downtime, extend shutdown intervals, and optimize PM schedules through sustainable reliability work processes.