The Remakers is the new name that Renault has given to the new company that deals with rebuilt parts, an activity that the brand has been developing for 75 years, and which will now receive new investments.
The Future Is Neutral is expanding its business portfolio with the integration of the automotive parts remanufacturing activity of Flins Refactory. At the center of the automotive circular economy value chain covered by The Future Is Neutral, this activity has strong growth potential that allows it to become a key European player in the renewal of parts, serving the entire automotive sector. In this sense, the company now assumes the new name The Remakers.
“The creation of The Remakers opens a new chapter and great growth prospects. Our ambition is to increase activity by +50% by 2030. To achieve this, we have many strengths: the experience and recognized quality of our activity, the engineering skills associated with those of the Renault Group, and our strategic plan. The Remakers also benefits from synergies with Flins Refactory, the first unit in Europe dedicated to the circular economy of mobility, as well as the connection with The Future Is Neutral, the first automotive circular economy company operating throughout the value chain in Europe.” Stated Rafael Tréguer, CEO of The Remakers, in a statement.
The new company will benefit from expertise acquired since 1949 and widely recognized in the market. Its mission is to re-manufacture automotive components with a level of quality equivalent to that of the original part, thanks to a combination of refurbished and new parts.
This experience will now be offered to the entire automotive industry, in line with The Future Is Neutral’s strategy of development and opening up all activities.
Its growth will be supported by The Future Is Neutral’s investment plan, totaling €500 million by 2030, to expand existing activities and launch new ones.
The company also revealed that the European replacement parts market is dynamic and has high development potential. Estimated at around €6.8 billion in 2022, it is expected to reach €8.2 billion by 2030. This increase is mainly driven by the aging of the automotive fleet and the acceleration of electrification.
In this way, The Remakers aims to position itself as the European leader in the refurbishment of automotive parts, serving all stakeholders in the sector.
