The mechanism continuously conveys the rings from a collector station through a compression and binding station to a discharge point, being particularly for handling wire, and the rings are transported between the stations on their collector mandrels. The conveyor is a roller track, and after the compression and binding station there is a discharge station for the empty mandrels, raised and lowered through the plane of the conveyor. At the collector station there is a buffer store for these mandrels. There can be a recess in the roller conveyor of the same dimensions as the mandrels in plan view, a lifting table being provided below it. The table surface can be in the form of a section of roller conveyor track, and equipped with mandrel clamping devices.
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