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| Responding to risk of conflict metals for manufacturers of electronic component including semiconductor and electrical appliance |
TOKYO, July 31, 2012 - (ACN Newswire) - Tanaka Kikinzoku Kogyo K.K. (A company of Tanaka precious Metals) has announced that it obtained EICC Conflict Free Smelters (CFS)*1 program certification for certifying that conflict metals are not used in the gold bullion and gold material procured, refined and shipped by the Tanaka Kikinzoku Kogyo plant (Kanagawa prefecture).
The EICC (Electronic Industry Citizenship Coalition)*2 is made up of electronics related manufacturers and major suppliers, and is currently the world's only electronic industry group performing traceability audit on conflict metals. Tanaka Kikinzoku Kogyo implemented the EICC's assessment in its Kanagawa prefecture plant, conducting numerous sample inspections on gold distributed during a specific period, and obtained certification by meeting all of the criteria established by the EICC.
By obtaining EICC Conflict-Free Smelter (CFS) Certification, Tanaka Kikinzoku Kogyo will fulfill its responsibilities as a material manufacturer by providing assurance and reliability to its clientele of electronic component manufacturers in the electronics industries including semiconductor and home appliance through the procurement, refining and shipment of gold bullion and gold materials free of risk from conflict metals.
Growing concerns on enhancement of traceability of conflict metals
The Dodd-Frank Wall Street Reform and Consumer Protection Act of July 2010 requires companies listed on US stock exchanges to report the use of conflict metals covering the gold, tin, tantalum and tungsten from the Democratic Republic of Congo and surrounding countries where there are widespread human rights violations to the Securities Exchange Commission (SEC). Companies listed in the United States are required to enhance traceability in the supply chain going back to raw materials to determine whether or not conflict metals are used.
Company release: http://www.acnnewswire.com/clientreports/513/731_EN.pdf
*1 Conflict metals
Metals (gold, tin, tantalum, tungsten) involving conflicts, inhumane acts such as, human trafficking, slavery, forced labor, child labor, abuse and war crimes, or corruption such as terrorist activities and money laundering in the Democratic Republic of Congo and surrounding regions.
*2 EICC (Electronic Industry Citizenship Coalition)
The EICC was established in 2004 to improve social, economic, and environmental conditions in the global electronic supply chain through use of a standardized code of conduct. The EICC was incorporated in 2007 as an association to ensure greater awareness of the code, and to expand its adoption across the industry. The EICC includes 40 global electronics companies.
Tanaka Kikinzoku Kogyo K.K.(A company of Tanaka precious Metals)
Head office: 22F TOKYO BUILDING, 2-7-3 Marunouchi, Chiyoda-ku
Representative: Hideya Okamoto, President & CEO
Established: 1885
Incorporated: 1918
Capital: 500 million yen
Employees: 1,663 (as of FY2011)
Sales: 1,036,216 million yen(FY2011)
Main businesses: Manufacture, sales, import and export of precious metal bullion (platinum, gold, silver, etc.) and various types of industrial precious metal products, in addition to recycling and refining of precious metals.
Tanaka precious Metals' website: http://www.tanaka.co.jp/english/
The eight core companies in the Tanaka Precious Metals are as follows.
- Tanaka Holdings Co., Ltd. (pure holding company)
- Tanaka Kikinzoku Kogyo K.K.
- Tanaka Kikinzoku Hanbai K.K.
- Tanaka Kikinzoku International K.K.
- Tanaka Denshi Kogyo K.K.
- Electroplating Engineers of Japan, Limited
- Tanaka Kikinzoku Jewelry K.K.
- Tanaka Kikinzoku Business Service K.K.
Press inquiries
Tanaka Kikinzoku Kogyo K.K.
e-mail: k-koshiba(at) ml.tanaka.co.jp
Topic: Press release summary
Source: Tanaka Holdings Co., Ltd.
https://www.acnnewswire.com
From the Asia Corporate News Network
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