As the backbone of the circular economy, the importance of remanufacturing has been growing over recent years. Hence last year, a separate section in this report was dedicated to this area. This year, remanufacturing company Autoelectro become a signatory, joining ATP and Michelin, which also produce new products. As an important part of the supply chain, their environmental data has been added to the supply chain chapter.
Remanufacturing is the process of returning a used product to at least its original performance with a warranty that is equivalent to, or better than, that of the newly manufactured product. It involves dismantling the product, restoring and replacing components and testing the individual parts and whole product to ensure that it is within its original design specifications. Remanufacturing has a long history in the UK, across the whole range of industrial sectors. Mostly, remanufacturers are producers of durable (usually metal) manufactured assemblies.
The inherent value of the materials and the cost of production enable this equipment to be remanufactured to an as new condition. Most good quality parts can be remanufactured multiple times. Remanufacturing also tends to be labour-intensive, which can benefit the local economy by creating jobs.