Challenges Faced:
- A leading Engineering & Construction Firm based at Chennai had a large stock of 5500MT of non-moving, project surplus HDPE pipes at their project sites at Karnataka blocking their entire workspace. The client tried to liquidate through various online auction sites but weren’t happy with the price.
Solution Offered:
- After careful analysis, Matex recognized that the auction method would not yield the optimal price.We promptly shifted our focus to identifying end-user vendors with the capacity to store large volumes of material and the ability to provide an Earnest Money Deposit (EMD) of Rs.1 crore.
- We conducted thorough research based on these criteria, approached multiple vendors, and ultimately identified the ideal end-user..
- The entire sale conducted through Matex's platform was for approximately Rs. 30 Crores.
Benefits:
- Secured a suitable buyer for the HDPE pipes, willing to purchase the entire lot.
- Achieved a competitive price for the materials.
- Optimized workspace by freeing up valuable storage space.
