Upgrades and new technologies
Technological development is a critical factor for many industrial facilities. As innovations have become more and more important in the industry, many facilities become obsolete in a few years. Implementation of new technologies to automate industrial processes provides increased efficiency, productivity and profit to the companies. All these facts must be considered when thinking about the upgrade or modernization of an industrial facility, that could require partial decommissioning, or even complete demolition and construction processes.
Economic and political landscape
When considering a general overview of the different causes of the end-of-life of an industrial facility, both economic and political factors must be mentioned. Facilities can become redun- dant due to fluctuations in market prices or changes in legislation.
- Economic situation:
- Increase of your fixed costs
- Increase in the prices of the raw materials
- Increase in logistic prices
- Increase in labour costs
- Some can be forced to accomplish a full or partial closure, temporary or in perpetuity
- Political situation:
- Changes in environmental legislation
- Changes in waste legislations
- Modification of employment laws
- Industry nationalization
- Radical government changes
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