News: Remanufacturing in Wales – Landscape Review
The Welsh Government has the aim to make Wales a Circular Economy. A report by the CRR for WRAP Cymru shows that, as a Circular Economy, Wales could save up to £2 billion per year in material costs, create more jobs and depend less on raw materials.
Tuesday, 26th July 2016
Our report for WRAP Cymru shows that, currently, relatively little remanufacturing is carried out in Wales and that manufacturing organisations do not consider remanufacturing a high priority area due to a range of barriers. These include: lack of customer demand/recognition, lack of end markets, cost, declining manufacturing base, and lack of awareness of remanufacturing, both by businesses and consumers.
The total value of remanufacturing in Wales in the four sectors investigated (aerospace, automotive, electronics and energy) is currently around £200 million - about 1.5% of the total turnover in these sectors.
We found the organisations that carry out skilled refurbishment and repair activities are mostly in the aerospace and automotive sectors. However, there is suitable Further Education training available, and the Welsh workforce has the capabilities needed to carry out remanufacturing.
The summary of our report is available from WRAP Cymru's website.