Resource, the UK’s major event for the circular economy, is launching a dedicated Remanufacturing Hub for 2015 to aid UK manufacturers keen to adopt this highly profitable, resource-efficient method of manufacturing.
Resource is the annual three day congress and exhibition that brings together circular economy exponents. Join 11,000 professionals from businesses large and small to connect, share learning and explore opportunities to be circular and resource efficient, between March 3 – 5 2015, at ExCeL, London.
Estimated to be worth £5.6bn to Britain’s economy if the model can be cracked, remanufacturing has been labeled as the unsung hero of the UK’s move towards a resource efficient, circular economy.
Simply put, remanufacturing is the process of disassembling products, cleaning, repairing or replacing parts, then reassembling to sound working condition.
According to work conducted by EEF, the subsets of UK manufacturers already adopting this process are achieving net material cost savings of up to 85%.
Delivered in partnership with the Centre for Reuse and Remanufacture (CRR) and Oakdene Hollins, Resource’s Remanufacturing Hub will provide any manufacturer attending, whether already operating circular business models, just starting out, or simply curious to find out more, with expert advice, a showcase of the latest solutions and unrivalled networking opportunities.
Manufacturers attending the Remanufacturing Hub and Resource’s wider content programme will leave with a deeper understanding of the value creation remanufacturing establishes by preserving the embedded labour, energy and material costs in finished products. A solid example of this is the mobile phone industry whereby 50% of material input costs could be saved by the effective use of remanufacturing.
Content Director for Resource, Ed Lawson said: “We are extremely excited to bring tailored support to manufacturers keen to realise the cost savings and resource efficiencies that the remanufacturing process can deliver.
“Of course, remanufacturing is not a panacea. Some industries and products lend themselves perfectly to remanufacturing, others do not, and there is no ‘formula’ that can be applied to dictate whether the environmental and profit opportunities add up. Resource is here to shake up current thinking and be the enabler for manufacturers looking to take this leap towards circularity.”