Remanufacturing means returning a used product to at least its original performance with a warranty that is equivalent to, or better than, that of the newly manufactured product. Remanufacturing involves dismantling the product, restoring and replacing components and testing the individual parts and whole product to ensure that it is within its origin design specifications. From a customer viewpoint, the remanufactured product can be considered the same as a new product.
Remanufacturing is an important component of a resource efficient manufacturing industry. By keeping components and their embodied material in use for longer, significant energy use and emissions to air and water (e.g. CO2 and SO2) can be avoided. In addition to environmental benefits, remanufacturing provides opportunities for the creation of highly skilled jobs and economic growth.
With an EU market potential of €90bn by 2030, remanufacturing is set to become an increasingly important aspect of the future manufacturing industry. Remanufacturing allows companies to strategically position themselves close to their customers whilst delivering economic and environmental savings.
Source: ERN project: http://www.remanufacturing.eu/about-remanufacturing.php