Covia Corp (NYSE:CVIA) is pleased to announce the release of
its first annual Corporate Responsibility (CR)
Report,
Clearly Covia. The 2018 report was
prepared referencing the Global Reporting Initiative (GRI)
standards. To meet these guidelines, in 2018 the Company conducted
an assessment and engaged internal and external stakeholders to
identify and prioritize Covia’s most significant
sustainability-related impacts, risks and opportunities.
The theme of this year’s report, Clearly
Covia highlights the Company’s commitment
to Sustainable Development (SD), as well as the many
accomplishments achieved by Covia employees in 2018. This report
also demonstrates the Company’s ability to focus on long-term value
creation, and commitment to remain as an employer and business
partner of choice.
The Company invites you to view the full 2018 CR Report online
at cr.coviacorp.com.
Selected highlights include:
People
- Conducting our first company-wide Safety Day, focused on
emergency response simulations
- Commercializing our DST™ dust suppression technology, offering
a solution to help our customers to comply with stricter OSHA
respirable crystalline silica regulations
Planet
- Celebrating Wildlife Habitat Council (WHC) certification at 36
of our facilities and receiving two WHC awards
- Ensuring the planting of more than 81,000 trees, with employees
planting nearly five percent
Prosperity
- Improving our Truck Loadout Optimization initiative, assisting
our customers and transportation partners in operating more
efficiently and safely
- Contributing approximately $1.6 million and more than 16,000
volunteer hours in our local communities
“Our commitment to Sustainable Development continues to be a key
part of our unique culture, driving value for our people, the
business, and our valued partners,” said Richard A. Navarre,
Chairman, President and Chief Executive Officer.
About Covia
Covia is a leading provider of mineral-based material solutions
for the Industrial and Energy markets. The Company is a leading
provider of diversified mineral solutions to the glass, ceramics,
coatings, metals, foundry, polymers, construction, water
filtration, sports and recreation markets. The Company offers a
broad array of high-quality products, including high-purity silica
sand, nepheline syenite, feldspar, clay, kaolin, lime, resin
systems and coated materials, delivered through its comprehensive
distribution network. Covia offers its Energy customers an
unparalleled selection of proppant solutions, additives, and coated
products to enhance well productivity and to address both surface
and down-hole challenges in all well environments. Covia has built
long-standing relationships with a broad customer base consisting
of blue-chip customers. Underpinning these strengths is an
unwavering commitment to safety and to Sustainable Development
further enhancing the value that Covia delivers to all of its
stakeholders. For more information, visit CoviaCorp.com.
Caution Concerning Forward-Looking
Statements
This release contains statements which, to the extent they are
not statements of historical or present fact, constitute
forward-looking statements within the meaning of Section 21E of the
Securities Exchange Act of 1934, as amended, and the Private
Securities Litigation Reform Act of 1995 (“PSLRA”), and such
statements are intended to qualify for the protection of the safe
harbor provided by the PSLRA. The words “anticipate,” “estimate,”
“expect,” “objective,” “goal,” “project,” “intend,” “plan,”
“believe,” “will,” “should,” “may,” “target,” “forecast,”
“guidance,” “outlook” and similar expressions generally identify
forward-looking statements. Similarly, descriptions of the
Company’s objectives, strategies, plans, goals or targets are also
forward-looking statements. Forward-looking statements relate to
the expectations of the Company’s management as to future
occurrences and trends, including statements expressing optimism or
pessimism about future operating results or events and projected
sales, earnings, capital expenditures and business strategy.
Forward-looking statements are based upon a number of assumptions
concerning future conditions that may ultimately prove to be
inaccurate. Forward-looking statements are based upon management’s
then-current views and assumptions regarding future events and
operating performance. Although the Company’s management believes
the expectations expressed in forward-looking statements are based
on reasonable assumptions within the bounds of its knowledge,
forward-looking statements involve risks, uncertainties and other
factors which may materially affect the Company’s business,
financial condition, and results of operations or liquidity.
Forward-looking statements are not guarantees of future
performance and actual results may differ materially from those
discussed in the forward-looking statements as a result of various
factors, including, but not limited to: changes in prevailing
economic conditions, including fluctuations in supply of, demand
for, and pricing of, the Company’s products; potential business
uncertainties relating to the merger, including potential
disruptions to the Company’s business and operational
relationships, the Company’s ability to achieve anticipated
synergies, and the anticipated costs, timing and complexity of the
Company’s integration efforts; loss of, or reduction in, business
from the Company’s largest customers or their failure to pay the
Company; possible adverse effects of being leveraged, including
interest rate, event of default or refinancing risks, as well as
potentially limiting the Company’s ability to invest in certain
market opportunities; the Company’s ability to successfully develop
and market new products; the Company’s rights and ability to mine
its property and its renewal or receipt of the required permits and
approvals from government authorities and other third parties; the
Company’s ability to implement and realize efficiencies from
capacity expansion plans, and cost reduction initiatives within its
time and budgetary parameters; increasing costs or a lack of
dependability or availability of transportation services or
infrastructure and geographic shifts in demand; changing
legislative and regulatory initiatives relating to the Company’s
business, including environmental, mining, health and safety,
licensing, reclamation and other regulation relating to hydraulic
fracturing (and changes in their enforcement and interpretation);
silica-related health issues and corresponding litigation; seasonal
and severe weather conditions; other operating risks beyond the
Company’s control; the risks discussed in the Risk Factors section
of the Company’s Amendment No. 2 to Form S-4 Registration Statement
on Form S-4 as filed with the Securities and Exchange Commission
(“SEC”) on April 23, 2018; and the other factors discussed from
time to time in the Company’s Annual Reports on Form 10-K,
Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and
other filings with the SEC. This release should be read in
conjunction with such filings, and you should consider all of such
risks, uncertainties and other factors carefully in evaluating
forward-looking statements.
You are cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date thereof. The Company
undertakes no obligation to publicly update forward-looking
statements, whether as a result of new information, future events
or otherwise. You are advised, however, to consult any further
disclosures the Company makes on related subjects in its public
announcements and SEC filing.
Media Contact:Dave
Reavis440-279-0287Dave.Reavis@CoviaCorp.com
Source: Covia
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