Anyone remember NBL? The North British Locomotive Company in Glasgow. Once this was the largest steam locomotive manufacturer in the world. They went into voluntary liquidation in 1962, as they failed to receive any new orders. With hindsight, it appears pretty obvious that this had to happen. A firm with an outdated product and an outdated technology has to fail, hasn’t it? Why did they not move with the times?
The remanufacturing market is worth an estimated £1.1 billion in Scotland, employing over 19,000 people, with a predicted increase of a further £620 million by 2020. There is a growing acceptance that a circular economy is the future for Scotland’s manufacturing industry with social, economic and environmental benefits.