Coencorp Receives a 75K Order for Three Automated Fleet Fuel Management Systems From WestRock

Rhea-AI Summary

WestRock (NYSE: WRK) has invested $75k in three automated fleet fuel management systems from Coencorp to enhance fuel tracking at its facilities. This investment is part of WestRock's commitment to sustainability and aims to optimize fleet operations. The SM2-FUEL platform will allow real-time monitoring and ensure compliance with environmental regulations. Key features include automatic gauging, fuel drops recording, 24/7 leak monitoring, and detailed reporting capabilities. Coencorp’s CEO stated that the system will improve efficiency and environmental responsibility for WestRock's fleet. The delivery of the systems is anticipated shortly.

Positive

• WestRock invests $75k in automated fleet fuel management systems.
• Investment enhances sustainability and operational efficiency.
• The SM2-FUEL platform provides comprehensive fuel tracking and compliance.

Negative

• None.

MONTREAL, April 24, 2023 /PRNewswire/ - WestRock (NYSE: WRK), a company committed to a sustainable future, recently decided to invest in Coencorp's automated fuel fleet management systems. With a value of $75k, WestRock has ordered three automated fleet fuel management systems to accurately track their fleet's fuel consumption. WestRock partners with their customers to provide sustainable paper and packaging solutions that help them win in the marketplace. WestRock's team members support customers worldwide from more than 300 production facilities spanning North America, South America, Europe, Asia, and Australia.

Innovating boldly and packaging sustainably is at the heart of WestRock's commitment to a sustainable future. This is why they sought a cloud-based in-house fleet fueling management solution for their three facilities. WestRock's objective is to track their fuel consumed and reconcile it with fuel purchases and inventory.

The SM2-FUEL platform provides the organization with the capability to account for every drop of fuel consumed. Some of the features of the chosen solution include:

• Rugged, reliable system hardware
• Automatic gauging of fuel storage tanks
• Automatic recording of fuel drops
• 24/7 monitoring and notification of leaks and reorder levels
• Single-click reconciliation of the fleet's fuel consumption to purchases and inventory
• Highly accurate records for full compliance with environmental regulations
• The ability to produce compliance reports in the exact format required by regulatory agencies
• Accountability for all types of consumables such as gasoline, diesel, LNG, and engine oil to name a few.

Coencorp CEO Ali Tavassoli, "We are pleased to have WestRock as part of the Coencorp family. By accounting for every drop of fuel spent, our SM2-FUEL platform will make WestRock's fleet operations more efficient, safer, and more environmentally responsible."

Coencorp anticipates delivering the equipment in the coming weeks, and installation should be completed soon.

Mr Tavasoli adds, "The software component of SM2-FUEL enables monitoring of all enterprise sites from the cloud. Fleet managers can create custom dynamic dashboards, personalized database views with aggregated sum/average functions, and set up auto-generated reports to be emailed to stakeholders automatically. SM2-FUEL will track fleet fuel consumption from the main storage tanks, remote day tanks, and equipment all the way down to the fuel dispensed to jerry cans."

About Coencorp: Founded in 1991, Coencorp is a leading provider of automated fleet and fuel management solutions. Coencorp develops, manufactures, markets, and supports sophisticated hardware/software systems that efficiently manage fleets of 50 or more vehicles. Coencorp's mission is to improve its clients' bottom line by making their fleets more efficient, safer, and environmentally responsible. 

Coencorp systems are used globally to manage commercial and industrial fleets of all sizes in diverse sectors, including municipalities, public transit, national defence, oil & gas, mining, construction, transportation, utilities, private fleets, and automobile dealerships.

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SOURCE Coencorp

FAQ

What did WestRock announce on April 24, 2023?

WestRock announced a $75k investment in three automated fleet fuel management systems from Coencorp.

How will the SM2-FUEL platform benefit WestRock?

The SM2-FUEL platform will enhance fuel tracking, improve efficiency, and ensure compliance with environmental regulations.

What is the value of WestRock's order from Coencorp?

WestRock's order from Coencorp is valued at $75k.

What features does the SM2-FUEL platform include?

Features include automatic gauging of fuel tanks, 24/7 leak monitoring, and detailed compliance reporting.