--Environmental Rating-Tied Financing for New Plant Construction--
Minebea Co., Ltd. (hereafter, "Minebea") announced that it today received an "A" rating, the highest possible, under the environmental rating system administered by the Development Bank of Japan Inc. (hereafter, "DBJ") and that it has obtained 3 billion yen in financing from DBJ based on this rating.
DBJ Environmental Rating Loan is the world's first loan program to implement a specialized method for assigning environmental ratings of the candidate companies. Under the program, the companies are evaluated for their level of environmentally responsible management using a screening system (rating system) developed by DBJ. The companies elected will then be applied the interest rate at one of three levels, depending on the scores assigned.
Key points highlighted in the evaluation
Minebea recognizes that protecting the global environment is an important topic for management, and in 1991 the company established a dedicated internal organization to address environmental issues. Since then, the company has taken a progressive approach. For example, in 1993 it took the lead in eliminating the specified CFCs and ethane used in cleaning parts.
In evaluating Minebea for its environmental rating, DBJ gave the company high marks for offering environmentally friendly products, for its initiatives aimed at reducing its environmental burden by deploying green technology at its manufacturing locations, and for its CSR initiatives. As a result, the bank granted Minebea the highest rating for its "especially progressive approach to environmental awareness."
How the environmental rating-tied financing will be used
Minebea plans to begin construction on a dedicated facility for manufacturing defense and aerospace components on the premises of its existing Matsuida Plant in Annaka, Gunma Prefecture in October 2012. The funding obtained through this environmental rating-tied financing will be used to build this new environmentally aware plant.
Reference
Construction of New Facility for Defense-related Aerospace Components (June 4, 2012 announcement top-line summary)
Minebea has decided to close its outgrown Omori Plant (Ota-ku, Tokyo) and build a new 9,000
Product Model | Inside Diameter | Outside Diameter | Thickness |
7321BDB NACHI | 105 | 225 | 49 |
7321DB NACHI | 105 | 225 | 49 |