In July 2010 President Obama signed the Dodd-Frank-Act, which, in addition to the regulation of financial markets, also obliges companies to commit themselves to actively avoid using minerals from conflict regions (§ 1502). This regulates the import and use of conflict minerals coming from the Democratic Republic of Congo and its adjoining countries. The metals affected by this legislation include tantalum, tungsten, tin and gold. The new law enforces publicly-listed companies in the USA to annually disclose to the Securities and Exchange Commission (SEC) whether products were either sourced from the one of the above mentioned regions or were manufactured with conflict minerals.
This new regulation became effective on April 17 2011.
As a privately owned company, Pfannenberg is not directly subject to this regulation. Notwithstanding, Pfannenberg will help customers that require it by sending a survey on Conflict Minerals and their compliance to the regulations to the relevant suppliers and will maintain records of the suppliers’ statements and returned templates.
All previous verifications in the Pfannenberg supply chain have shown that there are no deviations from the regulations. Therefore, we assume that Pfannenberg products contain none of the mentioned minerals from the named areas. If we receive information to the contrary, then we will communicate that information quickly.
In addition, complying with these regulations is an integral part of our terms of delivery and the compliance with the regulations is checked in the supplier audits.
Should you have further questions, please contact us via the following email: firstname.lastname@example.org