Industries Normet Inc.
Heavy Machining, Turning, Boring & Gear Facility Servicing the Mining Industries
Tuesday, August 27, 2013
10:30 AM EDT
HEAVY MACHINING, TURNING, BORING & GEAR FACILITY SERVICING THE MINING INDUSTRIES FEATURING: VDF VM1250-NC, 52" x 163" heavy capacity CNC lathe; LEGOR 920, 93" x 320" heavy capacity engine lathe; NILES DL2 800 III 6300, 44" x 406" heavy capacity engine lathe; WMW NILES 40" x 200" heavy capacity engine lathe; CINCINNATI GILBERT 5" floor type HBM; TOS W100 table type HBM; TOS WH63 table type HBM; WMW 52" swing horizontal gear hobber; MAAG PH100 lead & involute gear checker; WMW HECKERT GFLV-250-2000 horizontal gear hobber and thread miller with 90" bed; WMW HECKERT 1250mm gear grinder; TOS 71 gear hobber; HAVLIK 40" slotter; HAVLIK 160" capacity gear hobber; SUNDERLAND IM60 gear shaper; INGERSOLL 30" x 168" planer mill; TOCCO induction heater; CARLTON 7' radial arm drill; ARCHDALE 5' radial arm drill; HUGE ASSORTMENT OF large capacity gear shapers, grinders, thread rollers etc…; LARGE MACHINING DEPARTMENT consisting of mills, lathes, drills, saws, grinders etc…; Heat treat furnaces, factory equipment & spare machine parts; HUGE ASSORTMENT of change gears, steady rests, machine tool accessories and attachments, tooling & more!; PETTIBONE 15 ton boom crane; forklifts, welders and welding equipment, perishable & power tools and MUCH MORE!
Terms & Conditions
Corporate Assets Inc. assumes no liability for errors or omissions on this Web site. Corporate Assets Inc. expressly reserves the right to determine the manner of conducting the auction as it may deem appropriate. All subject to prior sale.
-WEBCAST (REMOTE) BIDDERS
Pre-Approval by Corporate Assets Inc. will be required. To participate in the auction you must register and be approved. All Webcast (Remote) Bidders require a deposit equal to 25% of their requested Purchasing Limit (the maximum amount they plan to spend) plus the Buyer's Premium (see below for applicable Buyer's Premium) and must be by Direct Bank Wire Transfer. To ensure approval as a Bidder please make deposit arrangements as far in advance of the sale as possible. For Bank Wire Transfer details, please contact our office at 416.962.9600 and request to speak with an Accounting Administrator.
Invoices for the balance of the purchase price will be emailed and/or faxed to successful bidders within 24 hours of the close of the auction and are due upon receipt.
All buyers must complete the "Buyer Deposit Form" and provide Corporate Assets Inc. with a 25% deposit of their total intended purchase amount by way of wire transfer.* The deposit must be received by no later than 1 business day prior to the commencement of the sale.**
Payment in full must be made before or immediately after the conclusion of the auction.
* Please keep in mind that bank charges may apply to incoming and/or outgoing wire transfers by your/our bank/financial institution.
** In order to meet the Terms and Conditions of Sale, please keep in mind that wire transfers traditionally take between 2 - 4 business days to be processed by your bank. For Bank Wire Transfer details, please contact our office at 416.962.9600 and request to speak with an Accounting Administrator.
For International (Non Canadian and Non U.S. Residents) Buyers, Webcast Remote Buyers & Online Buyers, all payments shall ONLY be by way of wire transfer.
For Canadian and U.S. On-site Buyers, all payments shall be by way of wire transfer, certified cheque, bank draft, Interac, or company cheque accompanied with a valid bank letter of authorization guaranteeing irrevocable payment to Corporate Assets Inc. in the following format: "Name of Bank hereby guarantees irrevocable payment of cheques payable to Corporate Assets Inc. up to Amount in Words & Currency for purchases made by our client Name of Client. This letter is valid for purchases made at the auction of Name of Auction being held in City, State/Province on Date."
Payment by way of Visa or Mastercard will ONLY be accepted for purchases, and not for deposits, from buyers whose total invoice does not exceed $2,500.00.
Payments may be made in advance of the auction by way of wire transfer and any balance in excess of the balance owing will be refunded after the auction.
The Auctioneer reserves the right to put articles back up for auction if a deposit is not received at or before the time of sale.
All Proxy Bids must be completed in writing, either typed or hand-written, indicate the name of
the auction sale, and must be signed and dated. They must be faxed or mailed to our office and
received by no later than 3:00 P.M. EST on the day before the auction.
- UPCOMING AUCTIONS
- Cooper Standard Automotive Canada • Wednesday, February 23
- Cooper Standard Automotive Mexico • Thursday, February 24
- NuGale Pharmaceutical Inc. • Monday, February 28
- CNC Floor Type Boring Mill Liquidation • Wednesday, December 28
- CNC Press Liquidation • Thursday, December 29
- Major Machining & Fabricating Facility • Friday, December 30