ABB FlexRent the innovative financing concept for complete robotics solutions from £3 an hour
ABB FlexRent – the innovative financing concept for complete robotics solutions – from £3 an hour
Keywords: Robots, ABB
ABB, the global power and automation technology group and leader in robot-based automation, has introduced an innovative flexible finance package for the leasing, installation and service of its robot-based automation technology.
More and more, manufacturers are seeking ways to improve their cash flow and handle capital equipment off-balance sheet. And this trend is set to continue. To meet this demand ABB has developed FlexRent to provide access to the most advanced, cost-effective robot technology without tying up capital in hardware.
As the name suggests, FlexRent is truly flexible because it is tailored to each customer's specific requirement. Encompassing everything from planning to financing, training to maintenance, FlexRent is the perfect option for the company that wants to make informed but instant decisions for today's production needs.
FlexRent is also an ideal option for shorter product life cycles which often require a shorter investment horizon.
FlexRent is based on very competitive fixed leasing rates for the duration of the contract period and this allows for clear forward planning. FlexRent can also be supported with a preventative maintenance agreement or full service contract, as well as training for staff by ABB's skilled personnel. At the end of the contract period the equipment can be purchased, returned or the contract extended. Early termination of the contract is also possible which allows the option of adjusting production capacity when needed.
ABB has adopted a unique approach to leasing by adopting a "high residual value" approach and thereby creating a much more competitive offer than those available from the finance houses.
An example of the competitive cost of FlexRent can be seen when combining a ABB FlexArc Compact Arc Welding System (a fully functional, automatic welding cell specifically developed for small and medium sized companies which would weld batches of smaller components) with a FlexRent contract.
Take a typical medium sized metal fabricator working five days a week, two shifts per day – it can start in production with a fully automated robotic arc welding system for as little as £3.00 per hour.
David Marshall, marketing manager for ABB's Manufacturing and Consumer Industries Division comments: "I believe that for the majority of UK manufacturers using robot-based automation is far more important than owning it– profit comes from its employment not its ownership. FlexRent offers a complete solution from one company, combining ABB's financial strength with its extensive robotics know how".
For further information contact David Marshall, ABB, Auriga House, Precedent Drive, Rooksley, Milton Keynes MK13 8PQ. Tel: +44 (0) 1908 350300; Fax: +44 (0)1908 350301; E-mail: david.marshall@gb.abb.com
