JURONG TOWNSHIP, Singapore -- Caterpillar hosted representatives from several Asia-Pacific Economic Cooperation (APEC) member economies at its newest Cat Reman facility in Singapore this week.
The tour was a part of a meeting where experts in APEC economies learned more about how remanufactured goods are returned from end-of-life products to same-as-new specifications.
Caterpillar says that remanufactured goods make exchanges faster and easier for their customers.
"It's crucial that countries around the world embrace remanufacturing as a business that not only provides customers with another option when repairing, replacing of upgrading their equipment, but also as a business that provides significant economic and environmental benefits," Caterpillar vice president Greg Folley said.
Since 2001, Caterpillar has seen growth in the remanufacturing business and they have nearly 8,500 workers at 68 facilities in 16 countries.