This client is a global enterprise with core competencies in the fields of health care, agriculture and high-tech polymer materials. As an innovation company, it sets trends in research-intensive areas. The company’s products and services are designed to benefit people and improve quality of life.
This project called for the clearing of 10 very large silos from the client’s facility in Banwol, South Korea. From the start, EquipNet knew that this was going to be a difficult project to succeed with, so originally low expectations were set and the client was notified of this. Since the silos were so large, a portion of the roofing had to be cut and repaired in order to remove them from the facility properly. An additional $25,000 would need to be allocated to do so, along with $60,000 for removal. The client asked if the $25,000 for the roof repairs could be included in the sale price for the silos, so EquipNet complied.
The development of this project took place over a year and a half time span. EquipNet utilized a global partner who was able to find a potential buyer for the silos. The buyer was willing to include the reconstruction of the roof as well as the removal costs within his offer to the client. With the help of its partner, EquipNet was able to successfully sell all of the silos within the designated time frame requested by the client.
Although the silos did not sell for as much as projected, the client was highly satisfied with EquipNet’s determination to ensure the best outcome in the selected time frame. EquipNet was able to successfully manage all ten of the surplus silos with the help of its global partners. With the original expectation that the equipment would not sell, EquipNet, its partner, and the client were very proud of the success generated. The silos sold close to scrap value, but it covered the repairs needed for the roof after the removal process and made both the seller and buyer very pleased.