Remanufacturing Centre Opened In Singapore
A new centre devoted to testing and developing technologies to re-purpose and re-use parts and components that would otherwise be discarded has been opened at CleanTech Park in Jurong West, Singapore.
The Advanced Remanufacturing Technology Centre (ARTC) will engage in a number of activities with a focus on finding new ways to increase product lifespan through restoration and improvement of components parts.
This is the first centre of its kind to open in Asia as remanufacturing technology in continues to gain global traction.
The automotive industry is the current leader with a recent report by Global Industry Analysts (GIA) predicting that the sector’s remanufacturing market would be valued at $104 billion by the end of 2015.
The ARTC is currently collaborating with 29 firms (including Rolls Royce and Siemens Industry Software) and 12 small and medium sized enterprises (SMEs). The centre, which has been developed by the Agency for Science, Technology and Research (A*Star) and Nanyang Technological University (NTU) provides a strong platform for companies to develop new remanufacturing technologies.
Read more about the ARTC and its opening at Asia One Business.