An upside to plant closings for those that survive:
“Scavenging industrial auctions around Chicago, Herzberg picked up 700 die sets last year worth about $1 million new. He spent $3,500.
‘A new die shoe can cost $2,000,’ Herzberg said. ‘Now I can take that out of the quote and not make tooling a factor in the price.’
And after an Indiana plastic injection molder closed, he went to its auction, spending $350 on shipping boxes worth $20,000. Now when he ships completed stampings, they are delivered in scavenged cardboard cartons.”
Thanks for reading! I’d love to hear your thoughts. Please scroll down to post a comment. Click here to be notified about posts via email. Learn more about Mark Graban’s speaking, writing, and consulting.