RIC Hails Automotive Sector for Aligned Automotive Reman Definitions

Rochester, NY, September 14, 2016 (Newswire.com) - The Remanufacturing Industries Council (RIC), an association representing all remanufacturing industry sectors, endorses the efforts of six automotive remanufacturing associations in working together to develop and agree on basic definitions for the automotive industry. According to William Davies, Chairman of the Remanufacturing Industries Council, “The Remanufacturing Industries Council applauds the Automotive Sector and associations that announced yesterday in a unified voice their commitment to promote a greater understanding of the universal value and benefits of remanufacturing. This ties directly into our [RIC's] mission to Advocate, Collaborate and Educate with all sectors the importance of remanufacturing in the emerging circular economy.”

"The Remanufacturing Industries Council applauds the Automotive Sector and associations that announced yesterday in a unified voice their commitment to promote a greater understanding of the universal value and benefits of remanufacturing. This ties directly into our [RIC's] mission to Advocate, Collaborate and Educate with all sectors the importance of remanufacturing in the emerging circular economy."

William Davies, Chairman, Remanufacturing Industries Council

Remanufacturing is a growing industry essential to domestic and international economies. The U.S. is the world's largest producer, consumer and exporter of remanufactured products. In its 2012 report, the U.S. International Trade Commission estimated that that the value of U.S. remanufactured production had reached $43 billion by 2011, supporting approximately 180,000 full-time jobs. 

Source: Remanufacturing Industries Council