|
|
|
|
|
|
| Authorized to vote on various agendas and to send personnel to The LPPM Management Committee |
TOKYO, Apr 8, 2015 - (ACN Newswire) - TANAKA HOLDINGS Co.,Ltd. (Head office: Chiyoda-ku, Tokyo; Representative Director & CEO: Akira Tanae) has today announced that Tanaka Kikinzoku Kogyo K.K. (one of Tanaka Kikinzoku Group, Head office: Chiyoda-ku, Tokyo; Representative Director & CEO: Akira Tanae; "TKK") had been approved as a Full Member of The London Platinum & Palladium Market*1 (LPPM). LPPM, an international self-management industry organization controlling Platinum and Palladium fair trade and appropriate products, had released this at its Annual General Meeting (AGM) held in London on 25th March 2015.
LPPM consists of 18 Full Members in the world as of April 2015. Full membership makes Tanaka vote on various agenda not only AGM but committees of LPPM and send candidates for committees in addition to sponsoring new applicant for membership.
As approved by LPPM as a Full Member, TKK will endeavour to enhance the presence of the Japanese market in the international market place both by making proposals to cultivate the significant platinum and palladium markets for industrial material usage such as automotive, electrical, electronic products and by maintaining and managing the quality of platinum and palladium prevailing in the markets.
On top of that, Tanaka Kikinzoku Group, TKK as a new Full Member of LPPM, will provide both general customers managing assets and corporate clients dealing with industrial products with services of more advanced reassurance and high reliability.
In 2009, TKK was appointed as the first and only one Good Delivery Referee*2 of LPPM in Japan whose roles are assessing melting technology and assaying platinum and palladium of refiners in the world and one of 5 Good Delivery Referee in the world. TKK has been working closely with LPPM since its establishment in 1987 and contributing by providing with expertise to maintain and manage the fair trade of Platinum and Palladium.
We recognize that full membership was attributed to a contribution to LPPM through various activities as Good Delivery Referee of LPPM.
*1 The London Platinum & Palladium Market (LPPM)
LPPM was established in 1987 to secure the industrially autonomous management so that the transaction of platinum and palladium should be appropriately implemented. They are the only one authoritative institution in the world to accredit Good Delivery List (GDL) refiners who can conduct sales and purchase transaction in the worldwide platinum and palladium markets. 28 companies across 11 countries (including 8 companies in Japan) are the present GDL refiners through the successful pass in the strict examinations. On the other hand, LPPM's Full Members are comprised of 18 companies, financial and non-financial sectors including trading companies evenly. There are 34 Associate Members and 45 Affiliates who are widely ranging from manufacturing to mining, transportation, and IT industries.
*2 LPPM's Good Delivery Referee
Johnson Matthey Plc. (UK), Metalor Technologies SA, PAMP SA, Valcambi SA (all these three; Switzerland) and Tanaka Kikinzoku Kogyo K.K. (Japan) are the designated as GD referees of LPPM, and for the purpose of maintaining the reliance of LPPM's accredited GDL refiners, securing the integrity of the markets and the liquidity of the physical bars, they implement the examination for new applicants' competence (for refining, assay, processing technologies etc.) and periodically conduct the renewal examination for the listed GDL refiners in their refining and assay ability.
Press release: http://www.acnnewswire.com/clientreports/598/150408_EN.pdf
TANAKA HOLDINGS Co., Ltd.
Headquarters: 22F, Tokyo Building, 2-7-3 Marunouchi, Chiyoda-ku, Tokyo
Representative: Akira Tanae, Representative Director & CEO
Founded: 1885 (Incorporated: 1918)
Capital: 500 million yen
Employees: 3,562 (FY2013 consolidated )
Sales: 967.6 billion yen (FY2013 consolidated)
Main businesses: Advice on strategic and effective management of the Group as a holding company of the Group.
Website: http://www.tanaka.co.jp/english
Tanaka Kikinzoku Kogyo K.K.
Headquarters: 22F, Tokyo Building, 2-7-3 Marunouchi, Chiyoda-ku, Tokyo
Representative: Akira Tanae, Representative Director & CEO
Founded: 1885 (Incorporated: 1918)
Capital: 500 million yen
Employees: 1,430 (FY2013 consolidated )
Sales: 929.06 billion yen (FY2013 consolidated)
Main businesses: Manufacture, sales, import and export of precious metals (platinum, gold, silver, and others) and various types of industrial precious metals products. Recycling and refining of precious metals.
Website: http://pro.tanaka.co.jp/en
Tanaka Kikinzoku Group
The eight core companies at Tanaka Kikinzoku Group 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.
Topic: General Announcement
Source: Tanaka Holdings Co., Ltd.
Sectors: Metals & Mining, Electronics, Science & Nanotech, Science & Research
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
|
