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Remanufacturing Industry Report Hailed By RIC

Written by Heidi Schwartz. Posted in Economic Development, Facility Management, FacilityBlog, Featured Post, Topics

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Published on February 25, 2013 with No Comments

Source: Remanufactured Goods: An Overview of the U.S. and Global Industries, Markets and Trade

Source: Remanufactured Goods: An Overview of the U.S. and Global Industries, Markets and Trade

A 284-page report on the state of U.S. remanufactured goods, industries, and markets published by the U.S. International Trade Commission (USITC) is a long-awaited and groundbreaking resource document, according to the Remanufacturing Industries Council (RIC), the industry’s leading trade organization.

RIC Chairman Jack Stack described the report—Remanufactured Goods: An Overview of the U.S. and Global Industries, Markets and Trade—as “the most up-to-date and comprehensive overview of domestic remanufacturing ever issued by the federal government. It finally corrects the misperception that remanufacturing is only a minor subsector of American industry.”

Among the report’s key findings are:

  • The United States is the world’s largest remanufacturer.
  • Remanufacturing represents an important and growing segment of U.S. manufacturing.
  • From 2009 to 2011, the value of U.S. remanufactured production grew by 15% to at least $43B.
  • Remanufacturing accounts for approximately 180,000 full-time U.S. jobs.
  • In 2011, U.S. exports of remanufactured goods totaled $11.7B; close to 40% of the total went to free trade agreement partners.

Stack noted that the report also formally defines remanufacturing as “an industrial process that restores end-of-life goods to their original working condition,” which should serve as the standard definition for the industry.

About Heidi Schwartz

Heidi Schwartz

Schwartz joined Group C Media in April 1989 as managing editor of Today's Facility Manager (TFM) magazine (formerly Business Interiors) where she was subsequently promoted to editor/co-publisher of the monthly trade magazine for facility management professionals. In September 2012, she took over the newly created position of internet director for TFM's parent company, Group C Media, where she is charged with developing content and creating online strategies for TFM and its sister publication, Business Facilities. Schwartz can be reached at schwartz@groupc.com.

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