Precision-Tech Limited

Late Model Multi-Axis Precision Turning & Machining Facility


Wednesday, December 5, 2012

Start Time

10:30 AM EST






Precision-Tech Limited
305 Industrial Road, Cambridge, Ontario, Canada, N3H 4R7



LATE MODEL MULTI-AXIS PRECISION TURNING & MACHINING FACILITY FEATURING: (2) KITAKO (2007) HS200i CNC 4 spindle high precision turning centers with gantry robots and pallet stocker; (2) NIIGATA (2006 & 2004) SPN63 CNC twin pallet horizontal machining centers; DOOSAN (2004) V740 CNC vertical lathe; (4) FAMUP CNC twin pallet VMC's as new as (2006); OKUMA HOWA 2SP-V3 CNC twin spindle vertical lathe; DOOSAN 2SP-V3 CNC twin spindle vertical lathe; (4) HWACHEON CNC twin spindle lathes; O-M VL-6NT CNC vertical lathe; (2) NAKAMURA-TOME TW-20 CNC twin spindle live milling turning centers; NAKAMURA-TOME TMC-20 CNC turning center; MORI-SEIKI SL-25B CNC turning center; MORI-SEIKI SL-35B CNC turning center; MORI-SEIKI SL-5H CNC turning center; SHIMADA CNC twin spindle lathe; MAZAK MULTIPLEX 620N CNC double opposed spindle turning center; TONG TAI TNL-65L CNC turning center; MITSUBISHI MH500 CNC HMC; MITSUBISHI MH50C CNC HMC; MATSUURA MC-900H CNC HMC; MATSUURA RA-IIF CNC VMC; MATSUURA RA-4F CNC VMC; MATSUURA RA-IIF CNC twin pallet VMC; HURCO BMC 40/M CNC VMC; DAEWOO DVC-500 CNC twin pallet VMC; MITSUBISHI MC500P CNC VMC; LEADWELL MCV-OP CNC VMC; (2) TOSHIBA JRV450 CNC VMC's; WEST MICHIGAN SPRING (2000) 48" rack roller; ACME (2007) 6 station rotary deburring machine (250K ACQUISITION COST); MITUTOYO (2005) CRYSTA-APEX CMM; MITUTOYO BHN 710 CMM; PARLEC (2008) tool setter; WMC (2006) reverse osmosis system; GMC (2005) C6500 cube truck; FORD (2003) E250 cargo van; BLANCHARD #18 36" rotary surface grinder; CINCINNATI 18" centerless grinder; DAKE 50 ton 4 post hydraulic bonding press; MINSTER 100 ton straight side press; WHEELABRATOR shot blast finishing system; COLONIAL vertical and horizontal broaches, horizontal and vertical saws, vertical and horizontal milling machines, surface grinders, LAB testing equipment, late model air compressors and dryers, multi spindle drilling machines, inspection machinery and tooling, MEZZANINE's and free standing crane systems, late model forklifts and lifting accessories, hydraulic shop presses, 4th axis rotary tables & controls, huge quantity of factory equipment and stackable bins, perishable tooling, Large Quantity of finished inventory, work in process and raw material consisting of aluminum & steel forged parts manufactured for the automotive industry to include turbine hubs, spiders, inner race parts, flanges, adapters, reactors & more! (Product lines may be offered for sale.) & 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.





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.

Download Full Payment Information
Download Buyer Deposit Form
CAD Wire Transfer Details
USD Wire Transfer Details
GBP Wire Transfer Details
EUR Wire Transfer Details

Proxy Bidding

To place a proxy bid, please refer to the Corporate Asset Inc. PROXY BID FORM or email us at: for more information.

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.

Download Proxy Bid Form