A massive sale of assets at Toyota’s manufacturing facility in Altona North, Victoria, began on Wednesday, as the final cessation of automotive manufacturing draws near.
Hilco Industrial Acquisitions began the private treaty sale process on all machinery and equipment assets located at the Toyota manufacturing facility in Altona North, Victoria. The sale is scheduled to run until the plant officially closes on 3 October. Upon closing, Grays Online will begin a comprehensive online auction of all remaining assets, a process which will continue until the end of February 2018.
The Altona North manufacturing facility boasts an extensive range of state-of-the-art machinery and equipment. The site had produced over 3.4million Toyota Camry, Aurion and Avalon vehicles, including Hybrid automobiles, since 1994, all of which were sold within Australia and for export throughout the Middle East and Asia.
The equipment offered in the sale includes all categories of production from powertrain lines, the press shop, the weld shop equipment, the paint shop surface treatment and heat treatment equipment the resin shop including plastic paint spraying and the assembly equipment. Hilco directors have indicated that there has already been substantial interest in the machinery and equipment from global buyers from Asia through to North America.
Comprising seven distinct facilities on a 77-acre site, the Altona plant was once viewed as a marvel of vertical integration in a small market. The site employed over 2,500 workers, producing approximately 100,000 cars per year using both human capital and 280 welding robots to create a single vehicle.