Circular economy and remanufacturing, what is that exactly? In our daily life, we encounter terms such as Circular Economy, Sustainability, Repair, Remanufacturing, etc. more and more frequently.
What do these terms actually mean and why is this also interesting for your and our business?
Since 2015, the circular economy has been taken seriously and supported and promoted by governments and international committees. The climate protection programs of the EU and "Leaders Conference" also include Remanufacturing as one of 4 important building blocks of the "4R campaign: Reduce, Reuse, Reman, Recycle. This means that remanufacturing can be found in all key international documents and programs. This also means that up to 90% (!) material, 80% (!) energy and thus significant amounts of CO2 emissions can be saved!
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In principle, remanufacturing is very simple. A failed part is completely dismantled, examined and then made functional again using the latest technology and components. This usually results in a better part than it is genuine – and often is! Definitely it is more modern!
In summary, the definition of remanufacturing developed by global associations and companies is as follows:
„A remanufactured part fulfills a function, which is at least equivalent compared to the original part. It is restored from an existing part (CORE), using standardized industrial processes in line with specific technical specifications. A remanufactured part is given the same warranty as a new part and it clearly identifies the part as a remaufactured part and states the remanufacturer.“
Remanufacturing can be found in all areas of life. Aviation and medical technology have the largest share of the market volume shown above of planned approx. € 100,000,000,000! And more and more products are being given a new, better life: smartphones, computers, clothing, etc.
All this leads to a product lifetime-extension and thus a considerable contribution to environmental protection – be.part!