When a massive country like China undergoes an economic boom, there is always a little bit of bad news to go with the good news.
For example, a company like China Information Technology, Inc., can make the Technology Fast 500 Asia Pacific list one month and then be in danger of losing its spot on NASDAQ the next. Or the country can experience a boom in Internet users, now estimated to be north of half a billion, but then deal with government censorship and control of content.
Or, Chinese citizens can buy millions of computers, only to be stuck with millions of tons of e-waste just a few years later.
That’s where IBM comes in, with a solution to the problem that will be both a boon to the environment and an opportunity to make a little money.
This week, the international company will announce the opening of a plant in Shenzhen, China that will refurbish and remanufacture old computers for the purpose of resale. Experts estimate that this could become a $2 billion market within two years.
IBM expects the facility to refurbish 100,000 servers and PCs per year, converting over 33,000 metric tons of e-waste into valuable, re-sellable products, thus helping address China’s growing e-waste problem while at the same time finding a new source of revenue.
“The thing we talked to Chinese government about is that it’s really easy to buy a new computer but it’s really hard to get rid of one,” said Richard Dicks, general manager of IBM Global Asset Recovery Services. “We’re the first licensed facility and we have a first-to-market advantage.”
The IBM plant fits China’s newest five-year plan, which encourages recycling and remanufacturing of computers. This is aligned with similar legislation in Europe, where the European Union recently passed the Waste Electrical and Electronic Equipment law, which mandates that retailers accept small electronic items for recycling.
TechZone360 Copy Editor
Antivirus software is not enough. Apex Technology Services used its decades of IT and cybersecurity
experience to create budget-friendly network security packages every company needs.
Please take a moment to fill out your information so we can contact you directly regarding your request.
iGaming is one of the fastest growing industries on the internet. For those who may not be aware, iGaming refers to online casinos, online slots, poke…
It is easy to get lost in all the new phone releases when multiple happen yearly. Consequently, most new functions go unnoticed because people do not …
Embarking on the journey to bring a new product into the marketplace is an exhilarating adventure that blends the thrill of innovation with the meticu…
MySQL on AWS is the deployment of the MySQL database system on Amazon Web Services (AWS) cloud platform. MySQL is one of the most popular open-source …
Responsive images are a fundamental component in responsive web design. They adapt to the size of the user's screen, delivering the best user experien…