Singapore Establishes the First-of-its-Kind Remanufacturing R&D Centre in Asia
SINGAPORE, May 31, 2012 /PRNewswire/ --
The Advanced Remanufacturing & Technology Centre will drive value-added manufacturing activities in Singapore through private-public R&D collaborations
Singapore today announced the establishment of the Advanced Remanufacturing & Technology Centre (ARTC), the first centre in Asia to look into research and development (R&D) to develop technologies for remanufacturing that can be readily adopted by industry. These technologies will enable companies and businesses to translate end-of-life products into "good as new" ones for the market through a sustainable process, contributing to greater cost and materials savings and, potentially, higher profit margins.
Six industry leaders, namely Boeing, Rolls-Royce plc, Siemens Industry Software, ABB, FUCHS Lubricants and Carl Zeiss, have signed a Memorandum of Understanding with the Centre to look into collaborative R&D to bridge technological gaps in remanufacturing for the aerospace, oil & gas, marine, energy, automotive and engineering industries. In doing so, ARTC will tap on A*STAR's Singapore Institute of Manufacturing Technology's (SIMTech) R&D expertise in automation, manufacturing systems and processes, as well as the strong capabilities of local universities such as Nanyang Technological University, to carry out R&D in production-ready technologies in the areas of repair and restoration, surface enhancement and product verification.
Eight local small and medium enterprises (SMEs) have also joined the Centre to co-develop technologies along with leading multinational corporations (MNCs).
Said Dr Raj Thampuran, Executive Director of the Science and Engineering Research Council, A*STAR: "The Advanced Remanufacturing & Technology Centre will help industries realise remanufacturing's economic and environmental potential through public-private collaborative R&D. Member companies can leverage on our spectrum of relevant capabilities, advanced infrastructure and high quality talent, while at the same time contribute to value-added manufacturing activities here. The Centre also represents the way in which high value manufacturing is advancing globally."
The Benefits of Remanufacturing
Remanufacturing is a sustainable process that involves transforming a recovered part or product through disassembly, cleaning, testing and other operations into like-new products to be reintroduced to the markets. Remanufactured products are tested and certified to meet technical and safety specifications of new products, and are therefore sometimes sold with warranties comparable to the original. The process is more efficient than recycling because it conserves not only the raw material content, but also retains much of the value added during the manufacturing of the product.
Remanufacturing is already commonly applied in the aerospace, marine, automotive and engineering industries. A report by Global Industry Analysts (GIA) predicts that the global automotive remanufacturing market is expected to reach US$104.8 billion by 2015.
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