October 11, 2006—Caterpillar, Inc., and China ‘s National Development and Reform Commission (NDRC) have signed a letter of intent through which Caterpillar and NDRC will promote the development of China’s remanufacturing industry. The move supports China’s 4R initiative: reduce, reuse, recycle, and remanufacture.
“Remanufacturing is a highly sophisticated form of recycling that takes end-of-life components and turns them into like-new products for a fraction of the cost,” said Levenick. “Our remanufacturing business is one of the fastest growing parts of our company because this technology helps our customers remain competitive and promotes a sustainable environment by reducing waste and the need for raw materials to make new parts.”
As part of the agreement, Caterpillar will provide expertise to assist NDRC and Chinese research institutions in supporting the development of the remanufacturing industry in China. Caterpillar and NDRC have also agreed to form a Joint Working Group on Remanufacturing Programs to discuss matters related to the remanufacturing cooperation program in detail and to coordinate and promote further cooperation by both parties in sustainable manufacturing and other areas.
Caterpillar Remanufacturing Services is reportedly the first wholly owned foreign entity to receive a remanufacturing license in China. To support its Chinese customers, dealers, and other customers in the Asia Pacific region, Caterpillar recently opened a regional remanufacturing center in the Lingang Industrial Area in Shanghai.
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