Materials Management
Materials Management Policies
Nam Liong Global primarily sources raw materials from external suppliers. Major procurement items include hook loop fasteners, adhesives, additives for adhesives, chemicals, rubber materials, fabrics, specialty textiles, high-performance plastics, polymeric foams, and specialty fibers. In 2023, the total procurement volume of raw materials, based on the top 80% by procurement value, amounted to 12,857 metric tons, representing a 12.71% decrease compared to 2022. Of this total, 2 metric tons were recyclable materials. To optimize resource utilization, and minimize both waste generation and environmental impact, the Corporate recycles raw materials while maintaining product quality and safety. Recycled materials are reintroduced into the production process based on their type and condition. This includes recycling foam materials, nylon, dyed tape, ear materials, and using leftover yarns for fabric edging. A total of 366 metric tons of waste were recycled and reused in-house, accounting for 2.85% of the overall raw materials used.
Moving forward, Nam Liong Global remains committed to advancing our procurement policy by increasing the use of renewable materials and improving the recycling and reuse of in-house waste. The Corporate will continue to explore more environmentally friendly alternative materials that comply with the GRS and Forest Stewardship Council (FSC) certification standards. Additionally, we will maintain rigorous control over the sources and composition of raw materials used, ensuring the compliance of all products with international initiatives, directives, and regulations.
《Materials Procurement Management by SASB Standards》:
SASB CODE | Description |
SASB-CG-AA-440a.3
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