Australian engineering company Spiers Engineering Pty Ltd has identified a growing mass of repair business across various sectors as industry begins to fully appreciate the cost effectiveness of repairs rather than an automatic choice of OEM replacement.
Specialising in fabricating and engineering parts for companies in the heavy industrial sectors including manufacturing, oil and gas, marine and mining, Spiers Engineering believes that tough economic conditions in recent years have led the Australian industrial sector to tighten their belts.
Managing Director of Spiers Engineering, Mr Bob Spiers comments that they are supplying a lot of spare parts for repair and maintenance with most companies unwilling to spend on new equipment; they are focusing on repairing existing equipment to not only keep costs down but create fast turnarounds to downtime issues.
He explains that the validation in this approach is somewhat reflected in recent market survey results that the industrial sector has actually grown for the first time in years, and believes the sensible economising has happened at the right time. By repairing existing components, companies are also maximising the lifespan of capital equipment, which is good for Australian business in general.
Spiers Engineering’s customers, who approach them about repairing components on existing equipment, are impressed by the fast turnaround compared to sourcing OEM stock from overseas; they are also able to work very closely with Spiers’ management and staff to achieve the exact outcome as quickly as possible.
Spiers Engineering is a well-established company based in the Illawarra region of New South Wales. The company operates state-of-the-art equipment and delivers just-in-time to suit its wide client base.