End of car manufacturing in AustraliaHilco Industrial Acquisitions BV (www.hilcoglobal.com) has announced that it will lead the ‘disposition process’ for a massive machinery and equipment asset sale that will effectively shut down automotive manufacturing in Australia.
The sale is the result of Toyota Australia closing all its manufacturing operations — the last remaining automotive production facilities in the country.
This “unprecedented auto equipment sale” will include all the key production shops and vendors that have been part of car manufacturing in Australia for over 60 years.
All the equipment will be offered for sale via private treaty from the factory floors; it includes aluminium casting furnaces, engine line machine tools, assembly lines, robotic automation, presses, extruders, plastic injection moulding machines, welding lines and plant services.
Certain key machinery and equipment items will be offered for sale via an on-line auction, including maintenance workshops and general equipment.
The auction will be conducted by Grays Online, a joint-venture partner of Hilco Industrial Acquisitions.
| A MachineryMarket release || July 19, 2017 |||