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Singapore sets up asia's first industrial remanufacturing r&dcentre - China Anti Slip Rubber Mat by he ni

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Singapore sets up asia's first industrial remanufacturing r&dcentre - China Anti Slip Rubber Mat by
Article Posted: 12/13/2012
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Articles Written: 1145
Word Count: 396
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Singapore sets up asia's first industrial remanufacturing r&dcentre - China Anti Slip Rubber Mat

Business,Business News,Business Opportunities
Singapore has set up Asia's first centre to drive value-added remanufacturing activities that can be readily adopted by industry. The Advanced Remanufacturing & Technology Centre (ARTC) willlook into research and development (R&D) to developtechnologies for remanufacturing. These technologies will enable companies and businesses totranslate end-of-life products into "good as new" onesfor the market through a sustainable process. The process also aims to cut cost and materials, and even generatehigher profits.

In remanufacturing, recovered parts or products are transformedthrough disassembly, cleaning, testing and other operations into"like-new" products which will then be re-introduced tothe markets. Six industry leaders have signed a memorandum of understanding withthe centre to look into R&D to bridge technological gaps inremanufacturing for the aerospace, oil and gas, marine, energy,automotive and engineering industries. They are Boeing, Rolls-Royce, Siemens Industry Software, ABB, FUCHSLubricants and Carl Zeiss. The centre is partially funded by Singapore's Agency forScience, Technology and Research (A*STAR). ARTC will tap on the R&D expertise of A*STAR and SingaporeInstitute of Manufacturing Technology, as well as localuniversities such as Nanyang Technological University, to carry outR&D in production-ready technologies.

Eight local small and medium enterprises (SMEs) have also joinedthe centre to co-develop technologies, along with leadingmultinational corporations (MNCs). A*STAR said on Thursday that by engaging SMEs and MNCs, ARTC isencouraging leading companies to develop new high-valuemanufacturing activities in Singapore, while cultivating the localsupply chain in this new growth area. The centre is modelled after successful manufacturing R&Dcentres in the United Kingdom. It will provide a platform for SMEs to work with global leadingMNC's to develop their capabilities and enable them to seizebusiness opportunities in remanufacturing. A*STAR said remanufactured products are tested and certified tomeet technical and safety specifications and are sometimes evensold with warranties comparable to the original.

It said the process is more efficient than recycling because itconserves the raw material content and retains much of the valueadded during the manufacturing of the product. A*STAR said re-manufacturing is commonly used in the aerospace,marine, automotive and engineering industries. A report by Global Industry Analysts predicts that the globalautomotive remanufacturing market will reach US$104.8 billion by2015. In the US, the remanufacturing industry constitutes US$53 billion,employing 480,000 workers.

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