Value Of Refurbished Goods Hit $43B High In 2011, ITC Says

Law360, New York (November 28, 2012, 6:50 PM EST) -- The value of remanufactured goods produced in the U.S. increased to $43 billion in 2011, with nearly 200,000 jobs supported through this sector, according to a report touted by the U.S. International Trade Commission on Wednesday.

"Remanufacturing is an important and growing activity in many industrial sectors and supports at least 180,000 jobs throughout the United States," the ITC said, pointing to its October report Remanufactured Goods: An Overview of the U.S. and Global Industries, Markets and Trade.

As defined by the ITC, remanufacturing is an...
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