You just bought a brand-new hydraulic press in the hope that it will make money for your organization for years to come. The press is working great and stampings are coming off the line at an incredible pace.
Fast-forward 15 years. The press has stopped coming down to a repeatable depth. The electrical system keeps shorting out. So much fluid is leaking from the power unit onto the material that customers are rejecting product.
A decision must be made as to what to do with the press. The machine has been making your company money over the last 15 years, but that is no longer the case. Should you upgrade the existing press or replace it? If you do upgrade it, what items should you focus on updating or replacing? Read the rest of the article on The Fabricator.