Global Procurement Sourcing the "BEST" from world
Through our daily business activities, we KURO set a goal and strive to achieve to meet customer’s demand and achieve the highest customer satisfaction.
As for procurement, KURO will comply with all laws and regulations and social standard and enhance the mutual relationship with suppliers. We also will practice the conservation of the environmental corporate responsibility with supplier’s support.
KURO will practice procurement activities with following attitude based upon the following concept;
KURO's principal of procurement activities
a) Open and impartial procurement activities and purchase at most optimal cost
b) Establishing mutual relationship
c) Conservation of the Environment
d) Securing excellent product quality
e) Securing steady delivery time and stable supply
f) Leading and innovative technology
KURO's request to suppliers
a) Compliance with laws and social standards
b) Fair business management
c) Consideration of environment
d) Securing optimal product quality and cost
e) Stable product supply-ability
f) Leading technology
g) Establishing NDA (Non-disclosure agreement)
KUROIWA Stainless Basic Policy on Conflict Minerals Mined in the Democratic
Republic of Congo and Adjoining Countries
In the Democratic Republic of Congo, armed groups are forcing local residents to mine tin, tungsten, tantalum and gold (hereinafter referred to as "Conflict Minerals") and are using the mined minerals to fund their activities. Moreover, the systematic violence against local residents is gaining international attention and condemnation.
As part of Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act that was enacted in July 2010, the Securities and Exchange Commission (SEC) on August 22, 2012 adopted the "Rule for Disclosing the Use of Conflict Minerals". As a result, any SEC regulated company is required to submit a report on the use of Conflict Minerals in their products to SEC on an annual basis.
As part of KUROIWA Stainless’s commitment to global social responsibilities, KUROIWA Stainless has made it a policy not to become involved in the procurement of Conflict Minerals. In accordance with this policy, KUROIWA Stainless is in the process of deliberating and implementing systems and measures to ensure that these objectives are met. Furthermore, our trading partners will be informed of this policy and be required to support this global initiative.
