Essential information for end of life vehicle dismantling, depollution and recycling

SYNETIQ
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SYNETIQ announces real estate updates

Nationwide review will improve efficiencies and drive operational growth

 SYNETIQ, an IAA company and the UK’s leading vehicle salvage, dismantling and recycling company, announces several strategic updates to its real estate footprint. These changes will help to streamline operations for the combined IAA and SYNETIQ business, creating improved operational efficiency and cost savings for customers and clients.

 

SYNETIQ announces real estate updates f two
SYNETIQ Doncaster

Site updates include the following:

  • To help meet growing demand, additional dismantling capacity is being integrated into the Gloucester facility. The number of dismantling ramps has doubled with the creation of a second dismantling department. The on-site warehouse and storage building has been revamped with the installation of racking.
  • Newark has been recommissioned to provide additional capacity and is now open to buyers.
  • The Glasgow, Red Lodge, and Stafford sites have been expanded to double capacity at each location and create efficiencies in the processing of vehicles. 

Tom Rumboll, UK Managing Director for IAA and CEO of SYNETIQ, said: 

“We are very pleased with the strategic footprint SYNETIQ provides and will continue working closely to enhance our operational strategy and make appropriate business improvements.

Our company is consistently improving and streamlining the way we work to create the best possible experience for our customers and clients, and our property footprint is a key part of this. I’m really pleased to enhance our coverage and increase our capacity while reducing CO2 emissions.”

About SYNETIQ 

SYNETIQ Ltd., the UK-based business unit of IAA Holdings, LLC (IAA), an RB Global, Inc. company, is the leading integrated salvage, dismantling and vehicle recycling company in the UK, formed to become the most innovative and trusted business in the industry. An integrated, data-driven and innovative business, SYNETIQ has led the way in raising industry standards and continually innovates ways of working to deliver great value, ensure complete compliance and provide a positive experience. SYNETIQ is proud to have major household names in its portfolio, including insurers, accident management companies, fleets, police forces, logistics companies, vehicle repair body shops, and remanufacturers. With cutting-edge data and software solutions, multiple sites, a specialist vehicle recovery fleet and over 800 dedicated UK-based employees, customers and clients trust SYNETIQ to create bespoke solutions to deliver the maximum benefit for their business. 

Visit SYNETIQ.co.uk

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Owain Griffiths

Owain Griffiths

Head of Circular Economy at Volvo Cars

Owain joined Volvo Cars in June 2021 to lead Circular Economy in the Global Sustainability Team. The company has committed to being a circular business by 2040 and has financial, recycled content and CO2 based targets for 2025, all of which Owain is working across the company to make happen. Owain previously worked for circular economy consultancy Oakdene Hollins where he advised businesses on evidence led circular economy implementation. 

Turning into a circular business and the importance of vehicle reuse and recycling.

The presentation will cover the work Volvo Cars is doing to achieve 2025 but mainly focus on the transformational work towards 2040 and the business and value chain changes being considered. Attention will be paid to the way vehicles are being dealt with at the end of life and the complexities of closing material and component loops. Opportunities and challenges which Volvo Cars is facing will be presented including engagement with 3rd parties and increasing pressure from stakeholders.

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e2e Total Loss Vehicle Management [e2e] is the UK’s only salvage and automotive recycling network with nationwide, environmentally compliant sites delivering performance resilience and service reliability to the insurance and fleet markets.  The network’s online salvage auction www.salvagemarket.co.uk drives strong salvage resale values and faster sales.  e2e’s salvage clients have access to the network’s stocks of over 5 million quality graded, warranty assured reclaimed parts. 

The power of the network model means e2e has the ability to influence industry standards and is committed to continually raising the bar whilst redefining the role and perceived value of the salvage operator.  Network members adhere to robust service level agreements, against which they are audited, in order to ensure performance consistency and a market leading customer experience.  

The salvage and recycling operating environment is evolving rapidly, and e2e is anticipating, listening and responding to changing market needs.  Regulatory compliance, ESG, reclaimed parts, customer experience, EVs, new vehicle technologies, data and reputation risk are just some of many considerations linked to the procurement of salvage services.  e2e will drive further added value to clients and members through the adoption and application of emerging technologies, continuing to differentiate its proposition and position salvage services as a professional partnership. 

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