Lydall's Sourcing Sustainability Statement on Conflict Minerals
On August 22, 2012, the U.S. Securities and Exchange Commission approved the final rule regarding the sourcing of conflict minerals under Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Under this rule, publicly traded companies, like Lydall, Inc., are required to disclose the presence of "Conflict Minerals" originating in the Democratic Republic of Congo ("DRC") and/or neighboring countries in the products they manufacture or contract to manufacture if the Conflict Minerals are necessary to the functionality or production of their products. The definition of "Conflict Minerals" refers to gold, as well as tin, tantalum, and tungsten, and their respective derivatives cassiterite, columbite-tantalite, and wolframite. The profits from these minerals have been used to finance or benefit armed groups in the DRC and neighboring countries including South Sudan, Uganda, Rwanda, Burundi, Tanzania, Malawi, Zambia, Angola, Congo, and the Central African Republic (the "DRC Region").
Lydall fully supports efforts to eliminate the use of gold, tantalum, tin and tungsten from improper sources that could promote abuses in the DRC Region and has implemented a comprehensive process to meet these regulatory obligations by taking steps to increase our supply chain due diligence measures and internal controls for the covered materials on an ongoing basis. Lydall does not directly source these materials from smelters or mines but uses refined metals in the manufacturing of some of our products. Therefore, it relies on the information provided by its suppliers regarding their sourcing of metals.
Lydall expects its suppliers to adopt policies and management systems with respect to Conflict Minerals, source materials from socially responsible suppliers and ensure that all of its suppliers will comply with the Dodd-Frank regulation and provide all necessary declarations. Lydall expects its suppliers to pass this requirement on to their supply chain if they do not source directly from smelters and determine the source of specified minerals. Lydall will assess future business with suppliers who are non-compliant.
We disclose the results of the Conflict Minerals process through broad public disclosure, including our website, and SEC reporting.
Based on the information provided by suppliers, we are not aware of any Conflict Minerals sourced from the DRC Region in our supply chain.
To access the Company's Conflict Minerals Disclosure on Form SD, please click here.
Should you have any questions regarding Lydall's policy and commitment to using conflict-free minerals in our products, contact us at:
Lydall, Inc.
One Colonial Road
Manchester, CT 06042 (USA)
Attn: Conflict Minerals
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