95% Cost Reduction, 40% Longer Component Life
At the time of the project, the cost to replace most of the drive shafts was up to $6,000 per vehicle. Using the new remanufacturing process, two Marine depots were able to repair each shaft at a cost of approximately $40, and with a limited total capital expenditure of $50,000 for both depot installations. Since the new repair process was implemented, approximately 700 drive shafts have been remanufactured each year. In addition to the cost savings, the out-of-service time was reduced by an average of 500 days–the lead time previously needed to order new drive shafts from the OEM. The project successfully led to an extended service life, with the new plastic coating increasing the component life by 40%.