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Meritor CEO calls remanufacturing 'critical' to sustainability program
Date:2012-10-15 Author:Mika Source:www.chinatrucks.com
www.chinatrucks.com: Meritor president and CEO Chip McClure told more than 150 industry executives that Meritor views remanufacturing as a critical component of the company’s sustainability program.
“At Meritor, we consider sustainability an economic, social and environmental requirement for commercial success,” McClure said.
McClure delivered the keynote address at the Remanufacturing and the Sustainable Organization conference in Troy, Mich. on Oct. 2. The conference, produced by the Motor and Equipment Remanufacturers Association (MERA) and the Golisano Institute for Sustainability, part of the Rochester Institute of Technology, highlights the benefits of using remanufactured components.
Meritor recently invested $3.7 million in its Plainfield, Ind. facility and during the last five years has invested more than $8 million in its global remanufacturing operations around the world. The company has eight remanufacturing facilities in five countries.
“It’s not hard to see the increasing potential that remanufacturing holds for commercial vehicle suppliers,” he said. “This is a $15.2 billion industry in the heavy-duty market and it’s growing.”
McClure acknowledged that material recycling gets a lot of attention for its impact on the environment, but product reuse actually has a greater bearing both ecologically and economically.
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