Our company, which was founded in 1902, has been surviving the economic downturns ever since by remanufacturing, for resale, heavy-duty industrial compressors and parts. Besides a savings of about 50% over new equipment, other not-so-obvious advantages should be noted. Older reciprocating machinery tends to be heavier and runs slower, and is therefore usually more durable and efficient than comparable new equipment.
After the savings are considered, other factors come into play. Operating and maintenance people don't have to be retrained, existing parts inventories are retained, and downtime is reduced.
We are referred to by some of our OEM competition as equipment gypsies, bastardizers, and junkmen. Our customers refer to us as the guys who put the good old 50-year-old compressors back on line for less money than the new and usually in less time than the competition can build and install new equipment. Just like the man said, "They don't build 'em like they used to."