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Hilco, Machinery Network Auctions & PPL Group Auction Automotive Injection Molding Facility

byIan Koplin
May 2, 2022
in News

An entire plant full of machinery and equipment featuring injection molding and chrome plating machinery is being auctioned via webcast on May 12 at 10 a.m. CST in Colon, Queretaro, Mexico, according to PPL Group. Most of the equipment is new as of 2017, 2018 and 2019. The auction will be conducted jointly by Hilco Global Mexico, Machinery Network Auctions and PPL Group.

“This is an unprecedented opportunity for the right buyer or buyers to obtain late model injection molding equipment and chrome plating equipment, including stainless steel tanks, rectifiers, programmable hoists, filters and a huge quantity of copper and nickel scrap metal,” Sam Suchowiecky of Hilco Global Mexico said.

“COVID-19 supply chain disruptions have created this opportunity at the exact time when global automotive companies are looking for ways to shorten the supply chain from Asia to North America,” Gary Treisman of Machinery Network Auctions said. “This particular plant was a victim of timing, as they recently purchased millions of dollars of new manufacturing equipment just before the economy shut down.”

The auction includes 12 Toshiba and Haitian single and dual shot injection molding machinest. In addition, there is a complete chrome plating system with water treatment equipment and more than 20 tons of copper and 20 tons of nickel. The facility was set up at a cost of more than $20 million in 2017.

“It’s exciting to see equipment this new available at auction,” Treisman said. “With supply chains disrupted and lead times extending many months for new equipment, this is an opportunity for manufacturers to acquire equipment today.”

There are rigging and transportation companies on-site who can provide quotes to dismantle and deliver various pieces of equipment throughout North America.

All of the injection molding, chrome plating, drying, testing and other equipment will be auctioned at a webcast auction on Thursday, May 12 at 10:00 AM local time. Equipment including components of the chrome plating line may be available to be sold before the auction.

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