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How can corrosion of metals cause damage to production and effect the financial position of an industry?

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Question added by Deleted user
Date Posted: 2016/05/02
Riza Mae Botea
by Riza Mae Botea , FISHERIES TECHNOLOGIST/ Quality control/ Quality Assurance , BFAR

Corrosion of metals can cause damage to production because of those hazards present in it. It must avoided during the production because quality works results quality product. And the financial position of an industry will be degraded or decreased due to its effects.

Ghada Eweda
by Ghada Eweda , Registered student MBA-marketing , AOU

Agree with expert answers.Thanks

Rana Fahid Khan ACCA
by Rana Fahid Khan ACCA , Assistant Manager Finance , First Allied Trading Es

i didn't study about the corrosion of metals cause damage to production and have no experience about it but i can explain the any kind of damage to production causing effect to financial position,

if damage stops the production then the sale and inventory should be effected which directly effect in financial position,

it can also effect the reputation of company if we delivered or produced damage work and it will effect on company reputation which indirectly effect the financial position of company,

This damage will also increase the cost of production and it will directly effect the financial positions.

 

Sara Naeem
by Sara Naeem , Trainee Finance officer , Wah Brass Mill

The Gradual destruction of metals by chemical reaction with atmosphere is called "corrosion" .corrosion for engineers is a serious problem because the life of the industrial equipment is very much reduced due to corrosion.the loss due to corrosion varies from country to country, from industry to industry and from process to process.in Pakistan, due to its tropical climate the corrosion problem is more serious than in cold countries.corrosion is a BILLION DOLLAR THIEF.... according to recent assessment the loss due to corrosion in USA is more than billion dollar per year.roughly about1/4 th of the world production is wasted by it...Thanks for inviting me I hope you get the answer best of luck.

Nuridin Islam Diab
by Nuridin Islam Diab , Training Manager , Bbusinesss LLE

I agree with Riza's answer. =============

Rahmat Ullah Khan
by Rahmat Ullah Khan , Administrative Asst , Trojan Holding

Corrosion is a disease for metals which damage the quality of metals. That's why, the metals used in industry must have resistant against corrosion.

Ahmed Mohamed Ayesh Sarkhi
by Ahmed Mohamed Ayesh Sarkhi , Shared Services Supervisor , Saudi Musheera Co. Ltd.

thanks a lot for ur invitation and wait more details from our experts on this field

 

ghazi Almahadeen
by ghazi Almahadeen , Project Facilitator , Jordan River Foundation

Thanks for the invite ............................ Leave an answer for specialists

حسين محمد ياسين
by حسين محمد ياسين , Finance Manager , مؤسسة عبد الماجد محمد العمر للمقاولات العامة

agree with answers <<<<<<<<<<<<<>>>>>>>>>>>>>><<<<<<<<<<<<<<<<<<<<<

Mohammed Shahsad
by Mohammed Shahsad , Freelance Travel Consultant , Freelancing

Corrosion of metal can cause poor quality production. There is chances of increasing cost of production thus the profit margin can decrease.

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