#USA #Daphne #TERREPOWER #sustainable manufacturing #BBB Industries

TERREPOWER Strengthens Its Global Leadership in Sustainable Manufacturing

In recent times, TERREPOWER, the company formerly known as BBB Industries, has established itself as a leader in sustainable manufacturing within the automotive and industrial aftermarket. With significant growth projected across the sector, TERREPOWER has positioned itself at the forefront of the multi-billion-dollar automotive and industrial parts market, leveraging innovative solutions and visionary leadership.

Growth and Environmental Impact

For the year 2024, TERREPOWER plans to produce 17 million remanufactured units out of a total of 20 million devices, effectively preventing over 160,000 tons of CO2 emissions through its carbon-neutral business model. This remarkable achievement will reaffirm its status as the world's largest sustainable manufacturer based on volume.

Duncan Gillis, CEO of TERREPOWER, stated, "Traditional remanufacturing extends the life of automotive and industrial parts, while TERREPOWER's sustainable manufacturing processes prioritize responsible sourcing, efficient waste management, systematic energy utilization, and resource conservation for environmental protection. Our success reflects the immense value our components provide to end consumers, as well as the advantages of smarter sourcing that maintains business flow amid market uncertainties and supply chain disruptions."

Strategic Necessity for Clients

The sustainable manufacturing practices employed by TERREPOWER not only benefit the environment but also fulfill a strategic necessity for its customers, ensuring operational continuity, economic stability, and risk mitigation in an increasingly volatile global economy. The current shift from traditional Far-Shoring to Near-Shoring and On-Shoring, influenced by the dynamic landscape of trade agreements and tariffs, further underscores the desirability of sustainable manufacturing with core components produced close to customers.

Expanding Global Presence

TERREPOWER boasts a vast global reach, with products sold in over 90 countries and supported by a dedicated workforce of over 10,000 employees worldwide. The company is in an aggressive expansion phase driven by a growing demand for high-quality, sustainably manufactured products. The recent appointment of Michael Boe as President of the European Business Unit in Zug, Switzerland, signals TERREPOWER's ongoing commitment to strengthening its capabilities in key international markets while upholding its pledge to climate neutrality.

Michael Boe remarked, "TERREPOWER’s commitment to innovation and sustainability, coupled with its global growth strategy, presents an incredible opportunity."

A Legacy of Sustainability

Founded in 1987 as BBB Industries, TERREPOWER has transformed from a family-owned remanufacturing operation in the American South into a globally scaled circular economy enterprise—a testament to a clear strategic vision supporting the company’s growth. Earlier this year, the organization rebranded as TERREPOWER to emphasize its deep commitment to innovation and the promotion of a resource-efficient future. The name 'Terre', derived from the French word for 'Earth', symbolizes a dedication to conserving invaluable resources, while 'Power' reflects the strength of the company’s value proposition.

A hallmark of TERREPOWER’s value proposition is the provision of high-quality aftermarket parts that meet or exceed OEM standards—at a significant cost advantage. By remanufacturing used or worn components back to like-new conditions, the company effectively breaks the compromise between OE quality and cost, delivering exceptional value through the reuse of core materials without incurring the raw material extraction costs or significant CO2 emissions associated with manufacturing entirely new parts.

The Shift Towards Circular Economy

The accomplishments of TERREPOWER are indicative of a broader shift in the industry that is increasingly transitioning from traditional linear 'take-make-waste' models to a circular economy paradigm. This transformation is propelled by rising environmental awareness, regulatory pressures, and the pursuit of operational efficiency and cost savings across all sectors. The financial benefits of remanufacturing, in addition to a reduced ecological footprint, enhance the appeal of products for environmentally conscious buyers, boosting market demand. This positive reinforcement creates additional incentives for investments in sustainable infrastructures, accelerating the structural transformation of the market.

Market Forecasts and Trends

Remanufacturing is an integral part of the wider automotive parts market. According to the latest Automotive Care Factbook from the Auto Care Association, the total revenue from the U.S. aftermarket for light vehicles is expected to grow by 5.7 percent to reach $413.7 billion in 2024, with projections of $435 billion for 2025. The broader automotive parts market (including segments for light, medium, and heavy-duty vehicles) is anticipated to exceed $664 billion by 2028. This sustained growth, even amidst economic challenges like inflation, underscores the resilience of the industry and the increasing tendency of consumers to retain older vehicles, which are now averaging over 12.8 years on the road.

Moreover, remanufacturing is not confined to the automotive sector. The Remanufacturing Industries Council highlights that the industry serves a variety of markets, ranging from aerospace and automotive to consumer goods, heavy machinery, IT systems, and locomotives. Globally, the sector is experiencing significant growth, driven by trends such as growing acceptance of remanufacturing's value proposition, inflation affecting affordability, aging assets, a diminishing number of traditional service professionals, the technical complexity of modern parts, and increasing global regulatory emphasis on circular economy and sustainability.

The Future of Remanufacturing

The inherent cost efficiency, combined with its contributions to supply chain resilience, makes remanufactured parts a compelling economic alternative to new production. The appeal to buyers and decision-makers is evident. TERREPOWER stands as a reliable, value-oriented, and increasingly regional source for critical components. The company's innovative approach serves as a persuasive argument for sustainable production, demonstrating that ecological responsibility and robust profitability can work synergistically rather than in opposition.

Given the wide array of products benefiting from sustainable manufacturing practices and opportunities in Europe and other international markets, TERREPOWER's growth prospects will continue to expand. The company is resolutely committed to creating long-term value for customers through ongoing innovation, positioning itself as a catalyst for the development of a circular economy in the automotive and industrial sectors worldwide.

About TERREPOWER

TERREPOWER, formerly known as BBB Industries, is the largest sustainable manufacturer in the world by volume. Founded in 1987, it specializes in providing high-quality components for the automotive and industrial markets. Headquartered in Daphne, Alabama, TERREPOWER employs over 10,000 people globally and has an extensive operational network across North America and Europe, including 19 sustainable manufacturing facilities, 14 distribution centers, and 28 brands with products sold in over 90 countries. For more information, visit www.terrepower.com.