BRUSSELS, Belgium, July 10, 2017 – WABCO Holdings Inc. (NYSE: WBC), a leading global supplier of technologies and services that improve the safety, efficiency and connectivity of commercial vehicles, was recently recognized by ReMaTec, known as the world’s leading platform for remanufacturing, with the coveted Remanufacturer of the Year 2017 award. ReMaTec bestowed the annual award on WABCO’s dedicated global remanufacturing business, WABCO Reman Solutions. Established in 2005, the Remanufacturer of the Year award represents the most prestigious in the global remanufacturing industry.
WABCO Reman Solutions, founded in 2010, advances operational efficiency and environmental sustainability in the automotive, commercial vehicle, and related industries by restoring worn or non-functional components to a “like-new” or a “better-than-new” condition, offering solutions that are fully warranted in performance and quality.
ReMaTec’s Remanufacturer of the Year award celebrates companies and individuals who have made outstanding contributions to the remanufacturing industry for extended periods of time. ReMaTec’s international jury of industry experts judged all award nominations based on a set of key success factors, including technical excellence, commitment to quality, impact on the remanufacturing industry, and customer service. For the first time, ReMaTec jointly recognized two individuals with the 2017 Remanufacturer of the Year award: Dr. Salvador Munoz Zarate, Product Line Leader at WABCO Reman Solutions, and Peter Bartel, Engineering Director at Circular Economy Solutions.
“We bestow the Remanufacturer of the Year 2017 award on WABCO’s Dr. Salvador Munoz Zarate and Peter Bartel at Circular Economy Solutions for their tireless work in representing the European automotive remanufacturing industry in advising the United Nations and European Commission on industry-critical issues,” said Adam Hill, Editor of ReMaTec News and Chairman of the Remanufacturer of the Year 2017 award jury. “They were the driving force behind the industry’s breakthrough declaration of common definitions and jointly have made a massive contribution to the greater understanding of the global remanufacturing sector, including by key decision-makers in government and public policy.”
“It’s a tremendous honor for WABCO Reman Solutions to receive ReMaTec’s Remanufacturer of the Year 2017 award, reflecting our leadership in the global remanufacturing industry,” said Dr. Salvador Munoz Zarate, Product Line Leader, WABCO Reman Solutions. “Remanufacturing, through its adherence to world-class quality standards, has now fully emerged as a credible, cost-efficient alternative to new replacement parts in the automotive and commercial vehicle industries. In addition, remanufacturing helps protect the environment by promoting sustainable business practices and solutions.”
Added Munoz Zarate: “Over the past few years alone, WABCO Reman Solutions has remanufactured more than 120,000 air compressors for customers in the United States with zero quality issues.“
“Remanufacturing is an integral part of our differentiating aftermarket strategy to better serve commercial vehicle manufacturers and fleet operators around the globe,” said Nick Rens, WABCO President, Trailer Systems, Aftermarket and Off-Highway Division. “WABCO Reman Solutions provides cost-efficient and environmentally-friendly parts and components which meet top quality standards. We have dynamically grown our remanufacturing business over the years and continue to expand this compelling service offering in markets worldwide.”
WABCO Reman Solutions restores used components to cost-efficient “like-new” or “better-than-new” replacement parts for trucks, buses, trailers, passenger cars, and off-highway vehicles. Its broad portfolio of remanufactured parts includes mechanical, mechatronic, electronic and hydraulic products. Today, WABCO Reman Solutions maintains a global remanufacturing footprint with five production facilities in the U.S., Mexico, Brazil, Poland, and China serving customers worldwide.
Remanufacturing is a vital contributor to the circular economy, which promotes sustainability by focusing on keeping products in use for as long as possible, extracting the maximum value from them and then fully restoring them at the end of each service life. According to the Automotive Parts Remanufacturers Association (APRA), remanufactured parts can save up to 85% in raw materials and use only 55% of the energy typically required to produce new ones.
Photo / Caption: Dr. Salvador Munoz Zarate (left), Product Line Leader at WABCO Reman Solutions, and Peter Bartel, Engineering Director at Circular Economy Solutions, jointly received ReMaTec’s Remanufacturer of the Year 2017 award. Established in 2005, the award is known as the most prestigious in the global remanufacturing industry.
WABCO (NYSE: WBC) is a leading global supplier of technologies and services that improve the safety, efficiency and connectivity of commercial vehicles. Founded nearly 150 years ago, WABCO continues to pioneer breakthrough innovations for advanced driver assistance, braking, stability control, suspension, transmission automation and aerodynamics. Partnering with the transportation industry as it maps a route towards autonomous driving, WABCO also uniquely connects trucks, trailers, cargo, drivers, business partners and fleet operators through advanced fleet management systems and mobile solutions. WABCO reported sales of $2.8 billion in 2016. Headquartered in Brussels, Belgium, WABCO has 13,000 employees in 40 countries. For more information, visit www.wabco-auto.com. For more information on the WABCO Reman Solutions, visit www.am.wabco-auto.com/reman/