In our current economic climate, buying new hydraulic presses can be too big of a financial burden on manufacturing companies struggling to make payroll. Yet companies must have adequate process equipment to complete orders, and when an old hydraulic press breaks or becomes outdated, the equipment must be replaced.

Buying a used hydraulic press can save 60-70% of the cost of buying new a new hydraulic press. Technical Machine Products will recondition used hydraulic presses to customer specifications, allowing customers to save money by cutting the cost of updating used presses themselves.

Additionally, many OEMs and used equipment suppliers are selling used hydraulic presses below market price to make up for sales volume. Although the current U.S. recession is difficult for many aspects of business, buying used industrial manufacturing equipment today could turn in to significant savings once equipment prices rise again. A used hydraulic press bought and refurbished by TMP might serve as an excellent backup for old, failing or outdated process equipment being used now.

Product specifications are typically the first details manufacturers look to when choosing the right new hydraulic press for their facility. Examining the qualifications of an original equipment manufacturer is also a critical step in choosing new process equipment, although it is often overlooked. To keep overall equipment cost (including aftermarket service) at its lowest and to ensure efficient production during manufacturing, a hydraulic press manufacturer’s credentials and experience within the industry must be taken into account.

Here are a few factors to consider when choosing an OEM to supply your new hydraulic press:
1)    How long has the supplier been working with hydraulic presses?
2)    Is the supplier familiar with your market niche?
3)    Does the supplier meet your requirements for aftermarket services?
4)    Does the supplier offer great sales support before and after purchase?

Technical Machine Products offers over 30 years of experience manufacturing new hydraulic presses for every industry application, including niche markets such as rubber, circuit, composite materials and credit cards.

1) Price. Weighing equipment quality with cost can be difficult, but keep in mind that lower purchase prices are not always the most cost-effective option.

2)  Delivery and installation. Except in rare circumstances, equipment suppliers are the most qualified to make sure your new hydraulic press is ready for problem-free production.

3)  Aftermarket service. Experienced emergency maintenance, calibration, testing and troubleshooting services are critical for maintaining smooth production. A viable supplier will provide fulfillment services that keep your equipment up and running for a long time.

4)  Sales support. Great customer service says a lot about a company. Make sure your new hydraulic press supplier makes your requests a priority before purchasing.

5)  Specialty experience. Having a supplier who is well versed in your product niche will ensure your hydraulic press is optimized for production.

TMP makes all these factors a priority when addressing customer orders.  In future posts, we will discuss these main purchasing factors in greater detail.