Metano forecasts IBC rental hike

March 10, 2008 (PRLEAP.COM) Business News
As leading economic indicators continue their descent, more and more companies will turn to rental agreements to help keep costs in check, predicts Tom Wilkins, president of Metano IBC Services, Inc.

“When the economy dips, stainless steel tank rentals always increase,” he said, adding that the reasons are clear.

“With the economy becoming increasingly uncertain, our customers appreciate the greater budgeting flexibility they achieve by renting IBCs,” Wilkins said.

Manufacturers and distributors of a wide variety of liquid products rely on intermediate bulk containers, commonly referred to as IBCs, because the tanks’ uniform size and shape help maximize efficiency and cost savings.

But fewer companies are willing to purchase stainless steel tanks outright, when they don’t know how quickly they can recoup their investment in new equipment.

“IBC providers also are willing to structure longer rental terms to accommodate certain customer needs,” Wilkins said. “This allows the customer to acquire more IBC containers, if needed, or to use the cost-savings in other areas of their business.”

Wilkins’ recently published article on details further benefits of renting intermediate bulk containers, a trend that will only continue to grow if the economy worsens.

Based in New Jeresy, Metano IBC Services, Inc., is a long-time leader in the stainless steel IBC rental and services market.

Wilkins can be contacted via phone (800.634.4128) or by visiting their website at the link below.