Cleveland, OH -- (ReleaseWire) -- 07/13/2011 --There is more money being spent today on used pharmaceutical equipment than ever before. This shouldn't surprise anyone, since saving both time and money is imperative in today's global marketplace. Pharmaceutical technology is constructed to be useful for years, and with regular preventative maintenance will produce for decades.
As a growing segment of the pharmaceutical industries explore the used equipment market, they become more familiar with the buying and selling opportunities of employing used equipment. Numerous companies start buying used equipment to save money and then they discover the delivery window for used equipment is considerably faster then the purchasing cycles for new equipment. This leads to less down time and new production facilities can ramp up faster. Not to mention that used pharmaceutical equipment is typically 20-50% of new replacement costs. This leads to major bottom line profits and efficiencies that are hard to beat for manufactures in the pharmaceutical industries.
“Manufacturers are ramping up their operations after nearly three years in the doldrums”, says Chris Camp, Director of Marketing at Federal Equipment Company, Cleveland, OH, a leading provider of used pharmaceutical equipment. Camp noted “manufacturers are making the used equipment sector a real ‘bottom line’ resource to increase their profits.”
Camp went on to say that “the recession hit the pharmaceutical manufacturing sector hard, and it was a real challenge for Federal Equipment to reach their sales goals in during 2008 and 2009.” Camp notes that 2010 and the beginning of 2011 are showing marked improvements in sales, as manufacturers are aggressively ramping up production again.” Camp also states “Federal Equipment’s stock is flying out of our warehouses to locations all over the world. We are selling at a rapid pace, in fact, we are in a major equipment buying cycle to try and keep up with our customer’s demands.”
Underscoring that point, Adam Covitt, Vice President at Federal Equipment, and a 20-year veteran in the used equipment business noted “we are looking to make fast cash acquisitions of quality pharmaceutical process equipment, be it a single piece, a complete process line or an even an entire manufacturing facility. We are urgently seeking inventory to properly serve our clients.” Mr. Covitt went on to say that “the recent surge in used pharmaceutical equipment demand, such as tablet presses, fluid bed dryers, granulators, etc., has increased Federal Equipment’s buying activity to historic levels for the company, making it an opportune time for sellers to get top dollar for their idle pharmaceutical equipment.”
About Federal Equipment
Federal Equipment Company is a top supplier of used pharmaceutical process and packaging machinery. We have more then 15,000 pieces of equipment in stock and ready to ship. Our extensive pharmaceutical equipment buying and selling experience, purchasing power, and global marketing reach, produce exceptional results for our clients. Federal Equipment’s intellectual capital, gained from unparalleled experience in the pharmaceutical manufacturing sectors, allows our clients to take advantage of worldwide asset disposition solutions, regardless of the size, location or complexity of the project. We consistently provide value-added strategies to advance our client’s investment recovery goals. Using industry best practices, we provide customized solutions that maximize profitability.
Our strategic relationships with top pharmaceutical manufactures such as Pfizer Inc., provide us with an exceptional stock of the finest used process equipment on the market today.