CRR Says Reman Comprises 1% of UK’s Manufacturing Volume

As was reported by the Centre for Remanufacturing & Reuse, a webinar hosted by the firm 2 degrees in November provided an introduction to remanufacturing and the potential economic benefits it could bring to businesses in the UK. The webinar highlighted the fact that 1% of the UK manufacturing sector’s business volume comes from remanufacturing.

The webinar, named “Remanufacturing: A low risk source of additional profits”, lasted 45 minutes. Participants included Dr. Greg Lavery, CEO of Lavery Pennell, an advising company for businesses, and author of the “Next Manufacturing Revolution” report, and Matt Bulley, Managing Director at Caterpillar Reman, a remanufacturer in the auto, industrial and electronics industries.

In his introduction to remanufacturing, Dr. Lavery underlined remanufacturing’s economic benefits in the UK and argued it helps manufacturers increase profits as well as reduce raw material supply risks. Bulley explained Caterpillar’s business model for its reman operations, providing examples of products the company remanufactures.

The “Next Manufacturing Revolution” report by Dr. Greg Lavery suggests that remanufacturing may create a value of £5.6 billion ($9.1 billion) per year for manufacturers in the UK. Meanwhile, it can support 310,000 manufacturing jobs and reduce the country’s greenhouse gas emissions.