Bandsaw ROI story from a MagLube client:
I run a steel service center in the Dallas / Ft. Worth area. Since the beginning of my tenure, we have relied heavily on flood coolants or other various misting systems to assist us in cutting our steel. I was introduced to MagLube about 3 years ago and reluctantly gave it a try on one of our bandsaws. I was never sold on the idea of near-dry machining for cutting steel, and expected this trial to be an instant failure. To be honest, that time never came. I wrote this for MagLube so they (and everyone else) could see first hand, the benefits of using their products.
The system on the initial bandsaw performed very well, using only about 3-5 ounces per day. As an added benefit, our floors remained clean and blade life doubled. The quality of lubricant allowed us to increase production by increasing our feed rates. All in all, there are several factors which add residual value to this product.
My main job is to keep up production while focusing on the bottom line. I would like to go through the various ways that MagLube helped us with both.
The initial price of the particular system we put on the first bandsaw was around $1100. We also purchased 4-gallons of lubricant, which brought our total to $1300. Using an average of 4 ounces of lubricant per day, that 4 gallons ($200) lasted that one application 26 weeks. This would bring the usage cost of the applicator to $400 per year.
Now let's take in consideration the increase in blade life. We previously replaced our blades about every 10 - 14 days at a cost of $95 each. We have doubled the time it takes to wear a blade down, and now replace them about once a month. The yearly savings is nearly $1140 on that one application.
Another factor to consider is the cleanliness of the work area. Before switching to MagLube, I had a full-time position dedicated to cleaning up around the bandsaws. This person would also be in charge of disposing of spent coolant. That one initial application had 2 drums of spent coolant to dispose of every year, at a cost of $350 ($175 each).