Latest news with #remanufacturing
CTV News
27-05-2025
- Business
- CTV News
New remanufacturing plant in Bradford, Ont. gives machinery a second life
Toromont Cat, a brand new remanufacturing facility in Bradford helps take near end-of-life Caterpillar machine parts and refurbishes them for future use on may 27, 2025. (CTV News/Luke Simard) Toromont Cat, a brand new remanufacturing facility in Bradford helps take 'near end-of-life' Caterpillar machine parts and refurbishes them for future use. The company, formerly located in Vaughn, broke ground on a new facility in 2021 off of Line 5 in Bradford. They facility is 143,000 square feet. Terry Harkness, general manager of Toromont Remanufacturing said the remanufacturing plant offers new life to the machinery. Toromont Cat Toromont Cat, a brand new remanufacturing facility in Bradford helps take near end-of-life Caterpillar machine parts and refurbishes them for future use on may 27, 2025. (CTV News/Luke Simard) 'We call it the circular economy because we keep it back and put it back into life,' said Harkness. 'On a lot of our components, we can reuse up to 60 per cent of the original, parts.' Harkness adds a lot of machine parts will be reused and not end up in a landfill or another recycling plant. 'The parts will last upwards of 20 to 25,000 hours depending on the use,' said Harkness. 'When the component comes here, it will generally stay in our plant for four to eight weeks before being sent back out.' Harkness said there were many benefits to relocating the plant to Bradford. Toromont Cat Toromont Cat, a brand new remanufacturing facility in Bradford helps take near end-of-life Caterpillar machine parts and refurbishes them for future use on may 27, 2025. (CTV News/Luke Simard) 'We looked for a site for many years and landed on Bradford because of the access to the skilled people and the open arms we have seen from Bradford West Gwillimbury,' said Harkness. Employees are also appreciative of the new location. Matt Koski has been an employee for more than 30 years. 'I remember when I started, I wanted a pair of coveralls that say my name on it,' said Koski. 'It took me a while to get in, but I did get in, and I have a passion for caterpillar products, and I thoroughly enjoy every day that I work.' Koski adds the work he does a on a day-to-day basis is fulfilling. 'I ran the High-Performance Dino for many years and diagnosing, making the product perfect before the customer gets it is the main goal,' said Koski. Now that Toromont Cat is settled into their new location, they plan on getting out into the community and expand their workforce. The company currently employs more than 150 people with plans to add more than 50 jobs in the future.
Yahoo
17-05-2025
- Business
- Yahoo
New Jersey-based truck parts rebuilder to close, laying off 6 in St. Paul
TransAxle, a New Jersey-based remanufacturer of rebuilt hydraulics, drivetrain components and truck parts, will close all of its locations, laying off more than 200 workers nationwide, including six in St. Paul, according to the Minnesota Department of Employment and Economic Development. The company, which was founded in 1979, maintains a location in St. Paul that employs a shop manager, mechanic, machinist and team leaders. All six workers will be let go. In a letter to DEED's rapid response team, company officer Richard Malagodi said TransAxle attempted to put itself up for sale 'for some time' without success, and will instead lay off 80 workers at a dozen locations, most of them on the East Coast, between July 15 and July 29. Another 129 workers will be terminated from its four New Jersey sites in August. An effort to reach a TransAxle spokesperson for comment on Friday was not immediately successful. Joe Soucheray: We pay for that plane. Don't take the one from Qatar, Donald St. Paul man pleads guilty to murdering girlfriend in her downtown apartment West St. Paul pastor recalls spending the summer of 1980 in Minnesota with a friend — Pope Leo XIV Letters: Preventing landlords from screening tenants is a one-sided view of our housing problem Charges: St. Paul driver had 0.37 BAC four hours after crash that killed passenger
Yahoo
07-05-2025
- Business
- Yahoo
Ricoh named as a Leader in IDC MarketScape Worldwide Hardcopy Remanufacturing 2025 Vendor Assessment
The assessment highlights, "Ricoh has a long history of investing in remanufacturing capabilities." TOKYO, May 7, 2025 /PRNewswire/ -- Ricoh today announced it has been named as a Leader in the IDC MarketScape Worldwide Hardcopy Remanufacturing 2025 Vendor Assessment (doc #EUR153222025, March 2025). (PRNewsfoto/Ricoh Asia Pacific Pte Ltd) The IDC MarketScape research evaluated hardcopy vendors that provide remanufactured devices and/or consumables to the worldwide marketplace. These products are manufactured according to the same set of standards as new equipment, with the remanufacturing process primarily carried out across the Asia Pacific, Europe, Middle East and Africa (EMEA), and North America regions. The IDC MarketScape report notes that "Ricoh has a long history in remanufacturing capabilities." Ricoh believes this highlights its long-standing investment and deep-rooted commitment to environmental sustainability. The report noted Ricoh was recognised for the following strengths: historical activities, future road map, robust office portfolio, production device offerings, global reach and direct customer contracts. The assessment went on to note that "Ricoh should be considered when a full range of toner devices are required, coupled together with industry software and solutions which perform the same regardless of whether the devices are remanufactured or new builds (as Ricoh can offer both sets for offices and other areas such as production)." Katsunori Nakata, Executive Corporate Officer and President of RICOH Digital Products Unit, Ricoh Company, Ltd. said, "We believe this latest recognition from the IDC MarketScape not only validates our position as a leader in worldwide hardcopy remanufacturing, but also our long-standing commitment to sustainability, especially in reducing the environmental impact of our products throughout their entire lifecycle... … By bringing technology and people together, we help organisations modernise their print infrastructure and accelerate digital transformation. At the same time, we remain committed to building a better, more sustainable future - exemplified by devices and consumables that are designed from the outset with refurbishment and remanufacturing in mind." Additionally, the IDC MarketScape report noted the increasing demand from technology buyers for the reuse of devices and consumables, as sustainability continues to be a top business priority. This is now part of the overall strategy and decision-making process, with the focus of sustainability shifting from supporting general environmental issues to fulfilling the specific requirements of the circular economy.
