Dodd-Frank Act – Conflict Minerals
Century Fasteners Corp. has a formal program, to address the Dodd-Frank Act.
Our NO•HARM™ program involves continued awareness, training, education and supplier communications regarding conflict minerals.
Dodd-Frank Act “Conflict Minerals”
Congress enacted Section 1502 of the Dodd-Frank Act because of concerns that the exploitation and trade of conflict minerals by armed groups is helping to finance conflict in the DRC region and is contributing to an emergency humanitarian crisis.
“Final Rule” dated Nov. 13, 2012.
Under the final rule, a company that uses any of the designated minerals is required to conduct a reasonable “country of origin” inquiry that must be performed in good faith and be reasonably designed to determine whether any of its minerals originated in the covered countries or are from scrap or recycled sources.
Century Fasteners Corp. – Official Statement:
Processing of Customer Orders for Conflict Minerals
Century Fasteners Corp. is a distributor of fasteners and does not perform any manufacturing operations. We flow down to our suppliers our customer’s drawings, specifications, and the quality requirements invoked. The Century Fasteners Standard Terms and Conditions also cover Conflict Minerals. We inspect the parts and associated certifications at receiving inspection to verify the location of melt. The documentation is held by Century Fasteners Corp. for ten years and is furnished with the delivery of the order when required.
Corporate Director of Quality
Century Fasteners Corp.