Car Recycling Law Applied Effectively in 2005Targets set by the Automobile Recycling Law for effective reutilization of used auto parts were successfully achieved several years in advance by eight Japanese automakers, according to their releases on performance in fiscal 2005. The eight companies are Nissan Motor Co., Mazda Motor Corp., Mitsubishi Motors Corp., Toyota Motor Corp., Honda Motor Co., Daihatsu Motor Co., Suzuki Motor Corp., and Fuji Heavy Industries Ltd.
The law requires automakers to recover and recycle automobile car airbags, chlorofluorocarbons(CFCs), Hydrofluorocarbons(HFC) and Automobile Shredder Residue (ASR) after recovering recyclable materials from scrapped cars. A fee for the recycling service is paid by the car owner.
The law requires automakers to increase the recycling rate for recovered ASR to 30 percent or more by 2005, then to 50 percent or more by 2010. Results for 2005 show that these eight automakers have already successfully achieved this target; Nissan achieved 67.9 percent, Mitsubishi 64.2 percent, and Mazda 63 percent. Also, recycling rates of airbags by all automakers exceeded the required standard of 85 percent or more.
However, all of the companies except Honda Motor Co. recorded financial losses in the recycling process, because their costs, including labor and system maintenance, exceeded the recycling fees collected from car owners. Restrictions will be tightened progressively, as the law requires an ASR recycling rate of more than 70 percent by 2015.
Posted: 2006/10/29 10:44:17 AM
| Posted by jfs |