Production machinery definition

Production machinery means any machine which processes, forms, shapes, or transports raw materials, materials in process, waste materials or finished products.

Production machinery means any machine or apparatus that processes or produces a product intended for eventual sale. However, “production machinery” does not mean any fired or unfired pressure vessel other than a cylinder containing a movable plunger or piston.

Production machinery means any machine or apparatus that processes or produces a product intended for eventual sale. This includes all component parts of such machine or apparatus and any other equipment used exclusively with such machine or apparatus. However, “production machinery” does not mean any boiler, or fired or unfired pressure vessel.

Examples of Production machinery in a sentence

• Production machinery – technical worksThe method of historic acquisition cost and current replacement value was used for machinery and technical works.

• ANNUAL CONSOLIDATED FINANCIAL STATEMENTS Where straight-line depreciation is utilized, the range of useful lives for various asset classes is generally as follows:Buildings 15 - 20 years; Production machinery and equipment 5 - 7 years; Other 3 – 5 years.

• Production machinery should therefore be well-maintained in order to achieve the highest reliability level which in turn supports the production of cost-effective, high-quality products.

• Property, plant and equipment Production machinery Office equipment Vehicles Total $’000$’000 The net book value of property, plant and equipment includes an amount of $32,100 (2013: $42,800) in respect of assets held under finance leases.

• The model pricing method using an average profit margin or average cost-to-sales ratio is adopted for the group "Production machinery" (the commodities "Mold, die & parts" and "Grinding machines") and the group "General purpose machinery" (the commodities "Boilers" and "Steam & gas turbines"), etc.

More Definitions of Production machinery

Production machinery means any complete production machine that processes, forms, cuts, shapes, grinds or conveys “raw stock”, “stock in process” or “finished stock”, and any equipment forming a part of the driving or controlling mechanism for such production machine. However, this does not mean any pump, compressor, fan, blower, engine or turbine; any electrical equipment; or any separate enclosed gear set connected to such production machine by a coupling, clutch or belt.

Production machinery means any machine or apparatus that processes or produces a product intended for eventual sale. This includes all componentparts of such machine or apparatus and any other equipment used exclusively with such machine or apparatus. However, production machinery does not mean any boiler, or fired or unfired pressure vessel. This term does not appear elsewhere in this endorsement, but may appear in a schedule.

Production machinery means any,

Production machinery as used herein means any machine which processes, forms, shapes, or transports raw materials, materials in process, waste material or finished products.

Production machinery means all equipment of an Obligor provided to a manufacturer of an Obligor’s inventory in order to manufacture such inventory.

Production machinery means any ma- chine which processes, forms, shapes, or transports raw materials, materials in pro- cess, waste materials or finished prod- ucts.

Production machinery means any machine or apparatus that processes or produces a product intended for eventual sale. However, “production machinery” does not mean any fired or unfired pressure vessel other than a cylinder containing a movable plunger or piston.This term does not appear elsewhere in this endorsement, but may appear in a Schedule.