Tuesday, December 21, 2010

Buy Used Machinery Successfully



The market for used industrial equipment is a big one with many sellers out there. Any purchase decision regarding used machinery has to be made after considering many things because even in the secondary market for machinery, the costs are high and you are making a significant investment.

Here are the factors that you should consider when purchasing used machinery -

1. Your requirements - You need to have a clear idea of what you wish to buy and how it will add value to your business. This entails knowing the process flow at your manufacturing base and the remaining useful life of the equipment.

2. Your budget - Your budget will dictate many things including the brand and exact model type that you can purchase. You need to have a clear breakup of costs associated with your purchase decision. These include cost of additional space required, if necessary; cost of transporting the machines to your factory; dissembling and reassembling the machines; cost of machines and various duties applicable, etc.

3. Partnering the right people - Given the global nature of this business, it is not possible for a buyer to be in the know about the best deals out there in terms of cost and quality. This is where brokers come in, a good broking firm will be able to present you with multiple options and help you select the best used machinery for your needs.

4. Visual inspection - The importance of this aspect cannot be overstated; the internet has made communication easy and you can conduct a lot of your business communication online but there is no alternative to physically inspecting the machinery you are going to purchase. Used machinery is usually not warranted, you need to know the extent of refurbishment, and get an idea of the actual state of the machinery. You should insist on a test run and keep your eyes and ears open for tell-tale signs of machine ill-health such as unusual vibrations or noise. Find out about the state of maintenance and keep your eyes open for worn out parts.

5. Trade fairs - Businesses, whether big or small, benefit immensely by regularly visiting used machinery trade fairs such as the biggest trade fair in Europe set to commence on 21st of April, in a couple of days from now. Learning acquired and contacts made at such trade fairs can often prove invaluable when you get down to making purchase-related decisions.

6. Negotiate - Your physical observation of the machinery empowers you to negotiate with the seller or the broker. Do not hesitate to name a price that you feel is fair for the machine. Try and get favorable terms of delivery such as free to your site, transportation to be borne by the seller, etc.

7. Get everything on paper - This is a very important step in buying used machinery. Get everything on record, from the first formal quotation, the details of the machines, the accompanying accessories, delivery terms, mode of payment, extent of buyer liability, seller liability, etc.

In conclusion, it can be said that successful purchase of used machinery requires due diligence from the buyer; partnering a good broker that knows the inside working of the business can be a big help.

Thursday, December 16, 2010

Steel Rolling Mill Machinery a Crucial Project in Steel Industry



Steel is a powerful metal that has enrolled the simple world into a big industrial sector. Do you expect the growth of industrial sector without the possibility of steel? No! Our industrial path wouldn't have grown without the use of steel. Steel is one of the widely used metal all around this world. Steel is an iron basically blended with different compositions of the carbon in varied grades. Steel was not so easy to be used directly. Steel is basically present in a raw form. It is to be considered as an alloy of iron. In fact large numbers of processes with different types of applications like physical and chemical were carried over to make the steel act as a functional unit among the industries. Industries may be developed at small budget or big budget, steel act as a backbone for their career development.

Today steel is one of the most efficient and commonly used materials that are produced over more than 1.3 billion tons annually. Steel acts as a major component for the manufacture of large automobiles, infrastructure, tools and appliances etc. Steel is confined over its different customized features and functionality. Steel before come into use is processed and shaped into desired form. Further for these processes production processes are arranged and carried out at large levels. Various items are used under steel rolling mill plants that are stated as following-
H-beams
Hot strips
Angles
I-beams
Steel rods
Wire roads in coils

Steel rolling mill machinery is categorized in two ways that is hot rolling mill machinery and cold rolling mill machinery.

Hot rolling mill machinery- if the temperature of the metal is marked above its recrystallization temperature then the metal is rolled into hot rolling mill machinery. There are some of the specifications that are stated as below-
Rolling materials- aluminum and its alloy
Dimension of the casting are the following-
Ingot thickness of casting ingot: 260mm-360mm
Width of casting ingot<=660mm Length of casting iron<=5200m Thickness of the finished strip: 5-10 mm Rolling speed:0-90/min Rolling force: max 7500KN Characteristic of machine: single stand and double coiler

This machinery is used for making out metal sheets and the heating processes are executed to shape the metals in general forms that can be used for cold rolling processes.

Cold rolling mil machinery- if the temperature of the metal is marked below the recrystallization temperature then the metal is rolled into cold rolling mill machinery. These procedures are carried out to harden the metal according to the requirements of different companies.

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Monday, December 6, 2010

Some Facts on the Used Machinery Market in India



The market for used machinery in India is growing and is growing exponentially. India is an emerging economy and the requirement for used machinery to run small-, mid-, and large-sized businesses has seen a doubling of the market size in two years from 2008 to 2009.

Going by the current rate of growth, India could well become the world's fifth largest consumer market in another fifteen years with a consumer spend close to $2 trillion. India has always been a strong base for low-cost manufacturing and a lot of these goods are exported. This information seen in content of used plastic machinery means that the demand for economically produced plastic goods is going to drive the used plastic machinery market in this region.

Talking of plastics specifically, India has the potential to become the export hub for processed plastic goods, mainly due to low manufacturing costs. Reports indicate that export of finished goods from India could reach $ 200 billion by 2012 in addition to the estimated market of $ 300 billion. This is the simple reason why a lot of foreign players including us are keen on investing in the Indian market. Further, a lot of joint ventures are expected to take place in the Indian plastics processing sector. This is the reason why foreign players in the used machinery segment are keen to enter the Indian market.

However; order conversion ratios can definitely be better. Also, at present there seems to be an impression of associating used machinery with cheap machinery. This is not always the case. The processing units in India put a lot of emphasis on cost-effective purchases. Because the cost of transporting machinery from Europe to India adds to the cost, many deals can fall through because of this. This is seen more in the case of small machinery. Interestingly, in the case of larger machinery, the technological benefits of European machinery outweigh the transportation costs and businesses in India have no issues in importing such machinery.

All things considered, if buyers from India are to benefit from European technology and help the plastics manufacturing sector in India reach its potential, then there is a need to take a balanced view regarding the cost of a machine and its benefits.