February 9, 2017
In a press release, the Remanufacturing Industries Council (RIC) stated that it has seen a “historic alliance of remanufacturing organisations”, with four business associations “representing a different sector within the remanufacturing industry”, including the I-ITC, signing a Memorandum of Understanding (MoU). The purpose is said to be to “enhance information sharing between these parties and thereby contribute to the advancement of the entire remanufacturing industry”.
Alongside the I-ITC, the Automotive Parts Remanufacturers Association (APRA), Professional Electrical Apparatus Recyclers League (PEARL), and the Aeronautical Repair Station Association (ARSA) all signed the MoU, which “recognises the long-standing partnership between these associations, fosters collaboration in the dissemination of news and information relevant to all reman sectors, and creates a framework for cooperation and support of strategic initiatives for advancing industry objectives in all sectors”.
Bill Davies, Chairman of the RIC, commented that “the new Memorandum of Understanding between our organisation and these sector associations marks an important step forward in RIC’s ongoing efforts to advocate, educate, and collaborate on behalf of the entire remanufacturing industry”. The RIC meanwhile “provides leadership” by “represent[ing] and advance[ing] the interests of the broader remanufacturing industry” with a “unified voice” to “address common challenges”.
Tricia Judge, Executive Director at the I-ITC, commented: “Remanufacturing is good for the environment, consumers and local economies, but the individual companies are constantly facing obstacles that, taken on individually, would be insurmountable. That’s why the RIC needs to be strong and active. Together, we can protect these vital industries and foster growth in all kinds of manufacturing sectors.”
The RIC added that the MoU “comes at a time when the remanufacturing industry is experiencing promising growth in all industry sectors, but still needs a unified voice in order to realise its full potential. In this light, RIC will continue its efforts to collaborate with other remanufacturing sector associations in its mission to advance the remanufacturing industry as a whole”.
Categories : Around the Industry