Ube Industries' Procurement & Logistics Division conducts purchasing operations in accordance with the following basic policy.
Fair and Equitable Transactions
Based on fair, equitable, and free competition, we engage in business transactions that are free of personal interest and that are not arbitrary, and we always seek to create business opportunities with new business partners. We also strive to establish equal and fair collaborative relationships with business partners and to enhance mutual understanding and trust from a long-term perspective.
Objective Assessment in Selection of Business Partners
In the selection of business partners, we make decisions based on economic rationality, after taking comprehensive account of such matters as quality, price, and delivery time.
Legal Compliance and Confidentiality
We comply with all relevant laws and social norms in our procurement operations, and we preserve confidentiality of information obtained in the course of conducting transactions.
In the selection of items to purchase, we give consideration to environmental protection.
To raise our social credibility, we promote CSR procurement throughout the supply chain, including our business partners.
We seek to give priority to procurement from business partners who fulfill the following commitments.