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Close- Global automotive remanufacturing market to reach $104.8 billion by 2015
- USA: Mattress recycling growing, as path of Pala furniture illustrates
- Eco Inkjets makes positive impact with remanufactured ink cartridges
- USA - ArvinMeritor named top US remanufacturer of 2009
- CRR Releases 2009 "Remanufacturing in the UK" Survey
- Caterpillar signs JV agreement with China Yuchai for remanufacturing diesel engines & components
Remanufacturing & Reuse – Remanufacturer benefits
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In addition to the financial and environmental benefits derived from remanufacturing, there are less tangible operational and business benefits:
Individual businesses
Through sharing product information, both OEMs and remanufacturers can profit from supply chain improvements and enhanced product development. Through trade-in schemes, remanufacturers can build a better relationship with their customers than those who rely on throw-away, one-off purchases. And remanufactured goods can command a higher profit margin than new goods.
The economy:
In total the unsung UK remanufacturing industry employs more than 50,000 people and contributes around £5 billion to GDP.
New ways of doing business:
Enlightened remanufacturers often spearhead the marketing of novel product-service offerings, usually creating greater profit margins than "make and sell" businesses.
New manufacturing techniques:
Leading edge remanufacturers embrace state-of-the-art manufacturing processes - lean techniques, investment in people, material traceability - because they are key to business success.
Product enhancement:
Smart OEMs can use remanufacturing to gather valuable data for product improvements in design and function, and to enhance after-sales activities. This line of intelligence is lost if third parties grab the remanufacturing role.
Societal benefits:
As a society we have emphasized recycling as a beneficial activity. The safety record in such industries is poor, however. On the other hand, remanufacturing performs as well as the rest of manufacturing industry. In addition, it is a great breeding ground for problem solving skills, more rewarding than production line jobs, and often retaining traditional industrial skill bases.