Reported 3 days ago
The Society of Motor Manufacturers and Traders (SMMT) has highlighted the UK’s automotive remanufacturing industry as a key opportunity for economic growth and resource sustainability, currently valued at £500 million. The sector could reduce raw material usage by up to 88% compared to manufacturing new parts and is positioned to expand in a global market projected to reach £31 billion in the next five years. SMMT calls for supportive policy reforms to enable the growth of this industry, emphasizing its role in job creation, economic development, and sustainability.
Source: YAHOO