Bangkok--15 Dec--EquipNet
EquipNet, the world leader in Surplus Asset Management, has agreed to bring in additional personnel to assist the hundreds of Thai Factories currently affected by the recent floods to start producing again.
EquipNet will give immediate assistance in firstly evaluating existing machinery for insurance purposes, and where required to help those factories to sell surplus or flood damaged equipment at the best possible prices.
The damaged equipment is likely to run into US billions and the loss to business has been hitting companies globally, including Honda, Dell, Toshiba and Toyota.
Thai Prime Minister Yingluck Shinawatra and her government are now fully supporting all efforts to restore flood-ravaged industries and their rehabilitation and long-term flood-prevention plans. She has the full support of the Japanese Prime Minister Yoshihiko Noda and US President Barack Obama.
EquipNet's President & CEO, Roger Gallo said,’ we sympathize with all those Thai and foreign companies who have been affected by this natural disaster. EquipNet is well prepared as a leading specialist in this field of surplus asset management, to give professional assistance where we are required.’
It has been conservatively estimated that over 1,500 small to major factories within these flooded industrial parks, have been affected by Thailand’s worst floods in decades, and the knock on effect will be felt here and overseas for months to come.
Scott Bolls, the Managing Director of EquipNet Thailand, said,’ luckily we have been in operation for a number of years here in Thailand. However to assist us to cope with this major rehabilitation, we will have an international team to support our local Thailand team.
‘Now that we are entering into a recovery period, many factories will be reopening only to find part or all of their equipment has been damaged by the floods. Our engineers will be well placed to go in and make quick appraisals on the value of these machines and equipment. ‘
Bolls added,’ it will be their job to provide the best practice solutions to appraise, buy, sell, and manage surplus equipment. By selling surplus equipment directly to other end user buyers, we can help companies to maximize cash recovery.’
Footnote: EquipNet is the world leader in surplus asset management solutions, helping organizations around the world to get maximum value out of redundant, damaged or forgotten assets. They provide best practice solutions to appraise, buy, sell, and manage surplus equipment. Their head office is located in the USA, and they also have offices in Europe, Latin America and Asia. Their Thailand office has been operating for a number of years and they are fully supported by the US mother company. EquipNet Thailand +66 2 625 3135.
[email protected], www.equipnet.com.
Press Contact: Mike Bridge
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