In The News
Shingo Komatsu Moves Upstairs
Shingo Komatsu, a familiar face in international remanufacturing and owner of Japan’s Shine Etsu in Nakano north of Tokyo, has relinquished some of his duties. When taking over a new role of Chairman, Komatsu last year appointed Kent Naegeli new President.
Substandard Auto Parts Growing Public Safety Hazard
The U.S. Federal Trade Commission estimates the annual turnover in counterfeit auto parts in the U.S. to be $12 billion.
Ford’s Motorcraft Brand Confirms Reman Emphasis
Motorcraft, Ford Motor Company’s parts brand, is changing its product composition, pricing and service. As a consequence, the emphasis on remanufactured parts is increasing.According to Mark Bondoni, Ford’s Global Remanufacturing Strategy Manager, reman is a key piece in Ford’s overall growth strategy.
A Giant Leap for Remankind
The U.S. government is stepping in to support comprehensive remanufacturing R&D. A new $140 million REMADE Institute in Rochester, New York, will bring remanufacturing to the forefront of the industries of the future. This is a dream come true for U.S. remanufacturing, from the smallest to the largest operators. But the benefits are global.
Omar Cueto Re-elected Chairman of APRA
In a departure from tradition, APRA, the Automotive Parts Remanufacturers Association, has chosen to re-elect Omar Cueto its Chairman for 2016/17. The decision means that Cueto will now serve two terms as opposed to the usual one year.
Mascot Opens New Driveshaft Facility
Mascot, The Canadian remanufacturer of heavy truck differentials, transmissions, steering components and drivelines, has announced the opening of a full service, driveshaft facility in Plainsfield, Indiana.
New Home for Remy’s Light Vehicle Business
In a significant move, BorgWarner has transferred three areas of its remanufacturing operations to New York based Torque Capital. Torque Capital is a private equity firm specializing in turnarounds and “liquidity-challenged companies.”
CRR Launches New European Reman Organisation
On January 27, a new pan-European remanufacturing organisation, the Conseil Europeen de Remanufacture (CER) will launch in Brussels.
RIC ACE Award
The Remanufacturing Industries Council, RIC, has opened nominations for its first annual RIC Remanufacturing ACE Awards. Nominations can be made for either an individual, company or organization associated with the remanufacturing industry, RIC said.
UAE to Remanufacture Attack Helicopter Fleet
the United Arab Emirates (UAE) has agreed a $3.5 billion US contract for 37 remanufactured Boeing AH-64E Guardian attack helicopters as well as eight new ones.
STS Shifts up a Gear With New Management Position
STS, Scandinavia’s leading supplier of manual and automatic transmission solutions as well as torque converters, has appointed Linda Alexandersson to a newly established position as Manager, Engineering.