Tuesday, August 25, 2009

The Debts of the World: Industrial Capacity Picking Up?

It's a buyer's market for capital equipment, but with the economy's future still uncertain and banks ever cautious, companies proceed with caution.

By Peter Alpern Aug. 19, 2009

Just as the market is ripe for first-time home buyers or those looking for a new car, an overabundance of supply and a dearth of demand has created a rare opportunity in the machine tool market. Companies with strong lines of credit are finding once unthinkable discounts on highly sophisticated equipment.

But, at a time when manufacturers face the most uncertain economy most of them will ever know, and with banks just beginning to show stability, capital equipment investment is a far more tentative undertaking today than at any time in recent decades.

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