Umicore - Its Role and Responsibilities

Umicore is a multinational Belgian-based company.rechargeable batteries and different recycling
Umicore was founded in 1989 and its headquartersprojects. The company does not misuse the power
are located in Brussels. Umicore uses materialof its market share or financial success. Instead, it
technology and has merged the functions of miningtakes into account all the environmental, social and
and smelting technologies to refine and recycleeconomic impacts of its operations. They use
different precious metals. It not only refines andeco-efficient refining and recycling methods to
recycles, but also makes different products withrecover precious metals and make different products.
different metals like zinc, germanium and cobalt etc.The role of Umicore is not only to provide different
The company has floated its shares in the stockproducts, but also to create customer value. The
market of Belgium.strategy of the company is designed to generate
Umicore uses its material science, metallurgy andgood amount of profits for the share holders and
chemistry expertise to carry out its operations.customers. It uses transparent methods and
Operations and activities of Umicore revolve aroundeffective communication tools with the stakeholders.
its four different areas that are: Precious MetalsThe value creation aim of the company is
Products, Precious Metals Services, Advancedcommunicated through its mission statement which is
Materials and Zinc Specialties. Umicore deals in"materials for a better life". Today gold is more
everyday metal products and services.valuable for any country so you can buy gold for
Being one of the leading global companies, Umicoreinvestment.
has many roles and responsibilities. The companyUmicore keeps in focus the principles of sustainable
fulfils its responsibility of being environment friendlydevelopment during all its operations. The company is
by recycling compounds of non-Ferro metals andcontinuously working to minimise its environmental
producing and supplying environment friendly metal asimpacts. It is also working for remediation of its past
well as non-metal products. Umicore supplies manyoperations and projects. The company, through
rare zinc products. It explores new resources andseveral means, promotes and facilitates disposal and
extracts and refines copper and zinc. The differentrecycling of products. Umicore is working to promote
non-ferrous industrial products made by the companyhuman rights. The company supports different human
include mattes, anode slimes, drosses and speiss.welfare organization.
Umicore, being a responsible organization, uses theUmicore uses clear allocation of responsibilities
societal marketing concept. It spends more than fiftybetween its different units to ensure effective goal
percent of its profit and revenue on Research andachievement. The company follows Corporate
development projects. It uses environment friendlyGovernance Code and has set a model for different
clean technology for its various operations. Thecompanies that want long term success. The
company arranges different development andcompany has won several awards for its innovative
research activities all over the world from time toand societal-friendly approach towards business.
time.Umicore promotes economic growth and protects
Umicore also spends a large proportion of its revenueenvironment quality through sustainable development
in emission control catalysts, photovoltaic, fuel cells,programs.