U.S. remanufacturing produces more than $45 billion of remanufactured goods per year, supporting 180,000 full-time jobs. Missouri’s southwestern corner is the nation’s reman capital, according to a new article from Site Selection Magazine.
The range of consumer products serviced by Springfield’s reman cluster includes marine, automotive and large commercial equipment for the off-highway, agriculture, defense, construction, power generation, mining and trucking industries.
Remanufactured equipment has to meet the same high standards for strength, integrity and precision as new equipment. As Case New Holland (CNH) explains, it’s not recycling. It’s not used. It’s not repaired, refurbished or restored. It’s reman.
CNH has operated a robust reman operation in Springfield, Missouri — known as the reman capital of the United States — since 2009 through partnering with Springfield ReManufacturing Corp., now known as SRC Holdings. CNH adds about 600 products for CNH machinery every year and is now close to 4,000 total. A case study of its value shows the cost of a remanufactured New Holland 8970 tractor long block 7.5L 6-cyl engine to be $11,290 vs. a new engine costing $17,000 or more.
Check out the full article from Site Selection Magazine here.
For more information on why Missouri could be a prime location to launch or grow your business, contact Steve Johnson, CEO of Missouri Partnership, at 314.725.2688 or via our contact form, with any questions you might have, and learn how Missouri Partnership can help with your business expansion needs.