Remanufacturing Benefits: An Analysis of Recent Trends in Indian Context

Abstract

In the past years, remanufacturing processes have become a popular topic in the industrial area and has become one of the most effective and potential strategies for the "end of life" project management. Material restoration from end of life (EOL) items is the key to most of the remanufacturing processes that have discovered as of now. This paper talks about two case studies-1. Indian Cartridge Remanufacturers. 2. Remanufacturing at Timken. Remanufactured products are high in demand and its relevance is growing currently due to various factors. This high demand in the market is due to its low price and remarkable functional quality. Remanufacturing is recognized only 10 and a half years back in India and hence hasn't captured a very high market share compared to scenarios worldwide. Remanufacturing is a $35 Billion industry today and it justifies it cost just as it significantly increases the potential life of components by repair. In this research paper, the research work has studied the remanufacturing operation at Timken India Ltd. As well as their customers like Lafarge Cement, Tinplate Company of India and Usha Martin and has highlighted the advantages of remanufacturing.