Summary: Hilco Global's subsidiary, Hilco Industrial Acquisitions, in partnership with National Machinery Exchange, is set to auction machinery and equipment from two production plants of Vallourec Deutschland GmbH. The decision follows the planned closure of the Dusseldorf-Rath and Mulheim an der Ruhr plants by the end of the year. The equipment, including seamless steel pipe production machinery, will be listed for auction on www.hilcobid.com. Interest from Asia, the Middle East, and the Americas is expected.Article: Hilco Industrial Acquisitions, a subsidiary of US-based Hilco Global, has announced a strategic partnership for the auction of machinery and equipment from Vallourec Deutschland GmbH's production sites in Düsseldorf-Rath and Mulheim an der Ruhr, Germany. This decision comes as the two production plants are scheduled for closure by the end of the year.The equipment up for auction is primarily associated with seamless steel pipe production lines and includes an array of machinery and tools essential for the production process. These assets will be listed for auction on www.hilcobid.com, providing interested parties with detailed information about the equipment available.Among the items to be auctioned are complete pilger mills, straighteners, heat-treating equipment, shotblasting units, saws, beveling machines, lathes, and ultrasonic testers. The auction presents an opportunity for industry players to acquire advanced machinery and tools associated with seamless steel pipe production.Robert Bouland, CEO of Hilco Industrial Acquisitions, expressed anticipation of substantial interest from regions including Asia, the Middle East, and the Americas. The strategic partnership with National Machinery Exchange further strengthens Hilco's position in facilitating the sale of valuable assets from industrial operations.The decision to auction the machinery and equipment follows the planned closure of the two production plants, highlighting the evolving dynamics of the steel industry and the need for efficient asset management and utilization. The auction process is expected to attract a diverse range of participants looking to enhance their operational capabilities.Conclusion: The partnership between Hilco Industrial Acquisitions and National Machinery Exchange reflects the industry's adaptability and the importance of effective asset disposition strategies. As Vallourec Deutschland GmbH's production plants face closure, the auction of their machinery and equipment offers an opportunity for interested parties to acquire advanced tools essential for seamless steel pipe production. The international interest anticipated underscores the significance of these assets in the global steel market.
Summary: Hilco Global's subsidiary, Hilco Industrial Acquisitions, in partnership with National Machinery Exchange, is set to auction machinery and equipment from two production plants of Vallourec Deutschland GmbH. The decision follows the planned closure of the Dusseldorf-Rath and Mulheim an der Ruhr plants by the end of the year. The equipment, including seamless steel pipe production machinery, will be listed for auction on www.hilcobid.com. Interest from Asia, the Middle East, and the Americas is expected.Article: Hilco Industrial Acquisitions, a subsidiary of US-based Hilco Global, has announced a strategic partnership for the auction of machinery and equipment from Vallourec Deutschland GmbH's production sites in Düsseldorf-Rath and Mulheim an der Ruhr, Germany. This decision comes as the two production plants are scheduled for closure by the end of the year.The equipment up for auction is primarily associated with seamless steel pipe production lines and includes an array of machinery and tools essential for the production process. These assets will be listed for auction on www.hilcobid.com, providing interested parties with detailed information about the equipment available.Among the items to be auctioned are complete pilger mills, straighteners, heat-treating equipment, shotblasting units, saws, beveling machines, lathes, and ultrasonic testers. The auction presents an opportunity for industry players to acquire advanced machinery and tools associated with seamless steel pipe production.Robert Bouland, CEO of Hilco Industrial Acquisitions, expressed anticipation of substantial interest from regions including Asia, the Middle East, and the Americas. The strategic partnership with National Machinery Exchange further strengthens Hilco's position in facilitating the sale of valuable assets from industrial operations.The decision to auction the machinery and equipment follows the planned closure of the two production plants, highlighting the evolving dynamics of the steel industry and the need for efficient asset management and utilization. The auction process is expected to attract a diverse range of participants looking to enhance their operational capabilities.Conclusion: The partnership between Hilco Industrial Acquisitions and National Machinery Exchange reflects the industry's adaptability and the importance of effective asset disposition strategies. As Vallourec Deutschland GmbH's production plants face closure, the auction of their machinery and equipment offers an opportunity for interested parties to acquire advanced tools essential for seamless steel pipe production. The international interest anticipated underscores the significance of these assets in the global steel market.
