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Special! Free shipping on this item!
| Title: |
Mothballing your plant |
| Category: |
Papers by Dr R A King
|
| Downloadable: |
Yes  |
| Project No.: |
|
| Research
Agency: |
|
| Catalog No.: |
761 |
| Date
of Publication: |
1980 |
| Price: |
$25.00
|
| Authors: |
R J MIller and R A King |
| Abstract: |
Mothballing is the jargon term for the ways and means of preventing deterioration of temporarily redundant capital goods. Whereas it once referred to our chemical engineer's long johns during the summer months, the recession in various sectors has made mothballing a far too prevalent necessity; specialized construction vehicles, crude oil tankers, drilling rigs, chemical plant and even complete oil field production systems are now mothballed as surplus capacity forces prices down below the economic operating floor of the production facility. High interest rates exacerbate the problem. The owners of the plant or equipment have three options: sell, scrap, or mothball. Selling is not often feasible: nobody wants to buy. Even if bits can be sold, scrapping is often the only feasible practice in the UK: an empty factory still attracts high local taxation, a flattened site does not. Mothballing is only a viable option if the putative fu- ture earnings can absorb the costs of preserving the item. |
|
