All five of Neo’s flagship rare earth facilities, representing approximately 90% of revenue generated by the Company, are now operating in the EcoVadis tracking and reporting system. Leadership in global sustainability has been a key pillar of Neo’s long-term growth strategy.
Notable accomplishments by several of our largest facilities in the EcoVadis Audits include:
Responsible Minerals Initiative Assessment
In 2022, Neo European rare earth and rare metal processing facility in Sillamäe, Estonia completed Responsible Minerals Initiative (RMI)’s flagship assessment program, the Responsible Minerals Assurance Process (RMAP), through a third-party audit process.
Tianjin Wuqing Development Zone Award
In 2022, Neo Magnequench’s rare earth magnetic materials production plant in Tianjin, China received an award from the Tianjin Wuqing Development Zone as an “Advanced Production Safety Facility” for excellence in safety practices in the 2021 calendar year.
Zibo Facility Relocation
Neo Chemicals & Oxides rare earth facility in Zibo, China was awarded “Excellence in Major Construction Project” by the local government in recognition of the plant’s relocation project in 2022.
Korat HSS Awards
Neo Magnequench’s rare earth magnetic materials production plant in Korat, Thailand received award as a “Top Performing Company in Health, Safety, and Security (HSS)” for the 11th consecutive year by the Thai government. The facility was also awarded as a “Zero Injury Facility” for the 5th consecutive year.
Responsible Care Awards
Neo’s European rare earth and rare metal processing facility in Sillamäe, Estonia was featured in the 2022 Responsible Care Awards Gallery: “Striving for Resource Efficiency”.