Nabil Nasr, the director of National Center for Remanufacturing and Resource Recovery, defines remanufacturing as "the rebirth of a product." 100% agreement on this quote, also on his other ideas in a recent article published in TIME. This time, starting point of the article is Caterpillar's Shrewsbury plant in UK instead of Peoria plant in US. Please take a look at this article here. In a nutshell, this article reiterates the positive outlook for remanufacturing market -especially for automotive parts remanufacturing.
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