KGK Jewellery Manufacturing Ltd., the Hong Kong branch of KGK Group, received the award "Outstanding Company of the Year - Mainland China" at a ceremony JNA Award 2016 which was held on 14 September. According to the company, he received the award chairman KGK Group Navrattan Kothari companies (Navrattan Kothari).
Award given by the JNA (Jewellery News Asia), recognizes and celebrates companies and individuals whose commitment to excellence, innovation and outstanding business performance helped shape the growth and development of the jewelry industry in Asia.
Sanjay Kothari (Sanjay Kothari), deputy chairman of the KGK Group, said: "We are very pleased and honored to have become the recipients of JNA Awards, which in itself is a significant achievement We believe that this is not only a prestigious endorsement of our business, but also. recognition of our commitment to excellence, accountability, ethical business practices and innovation. "
The jury was particularly impressed by KGK manufacturing operations in China. Among the aspects that are highly valued by the judges, were the design features of the plant, sewage treatment, protection of air quality in the work environment and the comfort of employees, innovation in improving and increasing the productivity of production workers through the creation of two "mirror" companies, which provide the competitiveness and performance comparison.
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The government of Zimbabwe called on diamond mining companies to fulfill financial obligations to create a new consolidated diamond company called Zimbabwe Consolidation Diamond Corporation (ZCDC). If the requirements are not met, diamond companies may lose their shares in a new consolidated company.
It is assumed that ZMDC will own a 50 percent interest in ZCDC, while the other 50 percent will be distributed among diamond mining companies currently operating in Marange, as well as Murowa and DTZ-OZGEO.
"Those companies that do not fulfill their duties that can not make interest payments in monetary terms will lose shares in the new company and their share will be distributed among other companies," "Said the mining minister of Zimbabwe, Walter Chidakwa, in an interview with The Herald.
"So this is the model that we adopted, it is a model that also recognizes that the successor company will inherit both the assets and liabilities of the companies that make up its membership," he added.
Meanwhile, the minister noted that ZCDC has already been registered and will develop all diamond mines in the country.
The Herald reports that diamond companies in Marange are likely to fail to meet the conditions set by the government for them, since they have virtually no assets of their own. For the extraction of alluvial diamonds, companies rented equipment.
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