Malaysian Joint Venture Acquires Gold+ Ranking for SMBC Environmental Assessment Loan
November 28, 2014
Mitsui Chemicals, Inc.
Mitsui Chemicals, Inc. (Tokyo: 4183, President & CEO: Tsutomu Tannowa) announced that its Malaysian subsidiary, Cosmo Scientex (M) Sdn Bhd. (President: Akihiro Takahashi), acquired a Gold+ ranking for Environmental Assessment Loans in Malaysia by the Sumitomo Mitsui Banking Corporation (“SMBC”, President Yasuhiro Oashi) and received a preferential loan.
Cosmo Scientex (M) Sdn Bhd.
MBC Environmental Assessment Loans (Malaysia) are given to Malaysian companies meeting stringent environment assessment standards set by SMBC and the Japan Research Institute. Loan conditions are established in accordance with the evaluation. The strict environmental management system at Cosmo Scientex (M) successfully satisfied all evaluation standards to acquire a Gold+ ranking.（ http://www.smbc.co.jp/news_e/e600299_01.html
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COSMO SCIENTEX (M) Sdn. Bhd is evaluated in terms of:
- The company has created a Safety Health and Environmental Policy that clearly indicates that workplace safety and health and environmental preservation are priority issues for the company. Management was involved in creating the policy, and promotes the establishment and thorough implementation of a control structure in line with that policy.
- As for issues positioned as important in the above policy, the company has set concrete objectives (SHE Objective Statement) and is working to achieve those objectives.
- In addition to the above objectives, the company is making independent initiatives to reduce the environmental burden of its business activities (using plant-derived raw materials and energy efficient equipment, etc.).
- The company has established and operates a management structure in accordance with ISO14001 and OHSAS18001 requirements.
- In order to develop better relationships with various parties, the company is undertaking activities such as holding events that local residents and students are invited to and explaining the initiatives to reduce its burden on the environment.
Mitsui Chemicals and Cosmo Scientex (M) will continue to diligently implement environmental management systems while actively pursuing its business activities.
COSMO SCIENTEX (M) SDN, BHD.
Cosmo Scientex (M) Sdn, Bhd. is a consolidated subsidiary (Mitsui Chemicals, Inc. 70%, Scientex Incorporate 30%) specializing in manufacture and sale of urethane prepolymers for flexible packaging applications and provision of technical services.
