STOCK TITAN

CIRCULAR ECONOMY: RENAULT TRUCKS ANNOUNCES THE CREATION OF ITS DISASSEMBLY PLANT, THE USED PARTS FACTORY

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Renault Trucks is enhancing its sustainability efforts by establishing a Used Parts Factory in Lyon-Vénissieux. This initiative aims to reduce natural resource usage and minimize environmental impact. The facility will dismantle end-of-life trucks to recycle parts, which will be cleaned, labeled, and sold under the 'Used Parts by Renault Trucks' brand, complete with a manufacturer's warranty. This move follows a five-year investment in the circular economy and addresses the industry's component shortages. The main goal is to progress towards carbon neutrality.

Positive
  • Renault Trucks is investing in sustainability with the creation of the Used Parts Factory.
  • The factory will recycle end-of-life trucks and offer used parts with a manufacturer's warranty.
  • This initiative aligns with Renault Trucks' goal of achieving carbon neutrality.
Negative
  • None.

GÖTEBORG, Sweden, Aug. 31, 2022 /PRNewswire/ -- To reduce natural resource usage and its trucks' environmental impact, Renault Trucks is taking steps to transitioning its industrial operations to a circular-economy approach. Renault Trucks' Used Parts Factory is the logical next step after the used trucks repurposing and remanufacturing operations conducted respectively in its Used Trucks Factory in Bourg-en-Bresse and its plant in Limoges. At this industrial facility located in Vénissieux, the brand's trucks will be dismantled, and their parts reused.

Over the past five years, Renault Trucks has invested in the circular economy, applying a three-pronged approach that consists in regenerating, repurposing and recycling used trucks.

Renault Trucks is conducting numerous initiatives to extend the lifetime of the vehicles it sells. For example, used trucks are remanufactured according to strict industrial processes at the Used Trucks Factory, vehicles are updated with the latest technologies in the reconditioning centre in Lyon, and there are also used special-series models for sale.

Pushing on with its plan, the manufacturer has announced the creation of its Used Parts Factory, an industrial site devoted entirely to recycling trucks and reusing the parts and raw materials recovered from them. The initiative was backed by a preliminary feasibility study conducted in 2020 by Renault Trucks in tandem with the specialist Indra Automobile Recycling and ADEME, the French Environment and Energy Management Agency.

The Used Parts Factory recycles end-of-life trucks

Renault Trucks, which has announced its plans to recycle end-of-life trucks and reuse their spare parts, is opening a dedicated plant in the heart of its manufacturing facility in Lyon-Vénissieux. This 3,000m2 plant, built as close as possible to the logistics centre, will handle used Renault Trucks vehicles with high mileages, along with some parts that still have substantial potential for reuse. Renault Trucks vehicles and their components are in fact designed to last for over 1.5 million kilometres.

End-of-life Renault Trucks will enter the Used Parts Factory to be dismantled. Operators will remove the components previously identified as suitable for reuse (engine, gearbox, cabin, fuel tank, bumpers, deflectors, etc.).

Once the parts intended for reuse have been removed, the other components will be recycled. The rails, for example, will be cut up then sent to the nearby foundry. The metal extracted from the parts will be used to manufacture a new vehicle.

The components intended for re-use will then be checked, cleaned and labelled for listing and traceability purposes. These used spare parts will then be sent to the nearby Renault Trucks spare parts store, just like new spare parts.

Used Parts by Renault Trucks: a manufacturer's offering of used spare parts

Like new spare parts, the used spare parts marketed under the label "Used Parts by Renault Trucks" will be made available to dealers on the manufacturer's online spare parts marketplace. These used spare parts will be covered by a manufacturer's warranty and their cost will be significantly lower compared to new spare parts.

Regarding used parts for its old vehicle ranges, Renault Trucks is continuing to work with Indra Automobile Recycling and will offer its dealership network a range of parts obtained through dismantling operations carried out by the recycling specialist.

With this new offer, Renault Trucks is continuing its progression towards carbon neutrality. It is also addressing the shortage of components and raw materials that is impacting the industry as a whole.

About Renault Trucks

Building on the legacy of more than a century of French truck know-how, Renault Trucks supplies transport professionals with a range of vehicles (from 3.1 to 60 T) and services adapted to the segments of distribution, construction and long distance. Renault Trucks vehicles are sturdy and reliable with low fuel consumption that enables them to deliver greater productivity and control operating costs. Renault Trucks distributes and maintains its vehicles through a network of more than 1,500 service points around the world. The design and assembly of Renault Trucks vehicles, as well as the production of most of the components, are carried out in France.

Renault Trucks is part of the Volvo Group, one of the world's leading manufacturers of trucks, coaches, buses, construction machines, and industrial and marine engines. The group also offers complete financing and service solutions. The Volvo Group employs around 95,000 people, has production plants in 19 countries and sells its products in more than 190 markets. In 2021, Volvo group sales amounted to 34 billion euros (372 billion Swedish crowns). The Volvo Group is a listed company with registered offices in Gothenburg, Sweden. Volvo shares are listed on the Nasdaq Stockholm Stock Exchange.

For further information: www.renault-trucks.com/en/newsroom/press-releases

Severyne Molard
Tel. +33 (0)4 81 93 09 52
severyne.molard@renault-trucks.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/ab-volvo/r/circular-economy--renault-trucks-announces-the-creation-of-its-disassembly-plant--the-used-parts-fac,c3623517

The following files are available for download:

https://mb.cision.com/Main/39/3623517/1621465.pdf 220831_renault-trucks-used-parts-factory_en

https://news.cision.com/ab-volvo/i/renault-trucks-circular-economy-used-trucks-factory,c3084677 Renault Trucks Circular Economy Used Trucks Factory 

Cision View original content:https://www.prnewswire.com/news-releases/circular-economy-renault-trucks-announces-the-creation-of-its-disassembly-plant-the-used-parts-factory-301615508.html

SOURCE AB Volvo

FAQ

What is the purpose of Renault Trucks' Used Parts Factory?

The Used Parts Factory aims to recycle end-of-life trucks, reduce natural resource usage, and minimize environmental impact.

When was the Used Parts Factory announced by Renault Trucks?

The announcement was made on August 31, 2022.

How does the recycling process work at the Used Parts Factory?

Trucks will be dismantled, usable parts removed, cleaned, labeled, and sold, while other parts will be recycled.

What benefits do used parts from Renault Trucks offer?

Used parts come with a manufacturer's warranty and are offered at a significantly lower cost than new parts.

How does Renault Trucks plan to address component shortages?

By recycling and reusing parts through the Used Parts Factory, Renault Trucks aims to alleviate component shortages in the industry.

VOLVO AB UNSP/ADR

OTC:VLVLY

VLVLY Rankings

VLVLY Latest News

VLVLY Stock Data

50.44B
1.59B
0.02%
Farm & Heavy Construction Machinery
Industrials
Link
United States of America
Gothenburg