Latest news with #SIGroup
Korea Herald
02-06-2025
- Business
- Korea Herald
SI Group Signs Exclusive MOU in Support of Solomon Islands' First Special Economic Zone
, June 2, 2025 /PRNewswire/ -- SI Group has signed a Memorandum of Understanding (MOU) with the Government of the Solomon Islands to serve as a strategic adviser and priority investor in the development and international promotion of the country's first Special Economic Zone (SEZ). This MOU establishes the foundation for collaboration, with a more detailed investment agreement to be finalized and presented to the Government Caucus for formal approval. Solomon Islands – A Strategic Gateway in the Pacific Situated at the crossroads of Southeast Asia, Australia, and the South Pacific, the Solomon Islands holds a unique position on major maritime trade routes. With ongoing economic reforms and a commitment to inclusive development, the country is positioning itself as a new frontier for global investment and sustainable growth. The Honourable Jaimie Lency VOKIA, Minister of Commerce, Industry, Labour and Immigration and Member of Parliament, stated: "This MOU marks the beginning of a strategic public-private partnership. SI Group's global reach and sector expertise will help attract serious international investors to the SEZ, aligning with our national goals for economic diversification and regional integration." A Government-Led SEZ for National Development The Special Economic Zone, officially launched by the Government of the Solomon Islands, is a flagship initiative aimed at stimulating broad-based economic transformation. Its goals include: A Cohesive Structure for Sustainable Growth The SEZ will comprise a series of interconnected sub-zones, each with distinct strategic functions: 3. Infrastructure – Finance – Logistics All sub-zones will be developed in accordance with a national master plan to ensure operational coherence and long-term sustainability. Implementation Roadmap: From Vision to Execution SI Group and the Solomon Islands Government have agreed on a structured implementation roadmap to realize the SEZ through phased development: SI Group – Strategic Adviser and Priority Investor Under the terms of the MOU, SI Group will serve as a strategic adviser and priority investor on major investment opportunities within the zone. SI Group's role includes: About SI Group Established in 2001 as ESPECO (H.K) Limited and now headquartered in Vietnam, SI Group is a global advisory and investment firm specializing in: With active operations in over 20 countries and a proven track record of delivering high-impact projects, SI Group is committed to supporting the Solomon Islands in realizing its SEZ ambitions through sustainable and inclusive development. Nguyen Huu Tri (Kannie)
Yahoo
02-06-2025
- Business
- Yahoo
SI Group Signs Exclusive MOU in Support of Solomon Islands' First Special Economic Zone
HANOI, Vietnam, June 2, 2025 /PRNewswire/ -- SI Group has signed a Memorandum of Understanding (MOU) with the Government of the Solomon Islands to serve as a strategic adviser and priority investor in the development and international promotion of the country's first Special Economic Zone (SEZ). This MOU establishes the foundation for collaboration, with a more detailed investment agreement to be finalized and presented to the Government Caucus for formal approval. Solomon Islands – A Strategic Gateway in the Pacific Situated at the crossroads of Southeast Asia, Australia, and the South Pacific, the Solomon Islands holds a unique position on major maritime trade routes. With ongoing economic reforms and a commitment to inclusive development, the country is positioning itself as a new frontier for global investment and sustainable growth. The Honourable Jaimie Lency VOKIA, Minister of Commerce, Industry, Labour and Immigration and Member of Parliament, stated: "This MOU marks the beginning of a strategic public-private partnership. SI Group's global reach and sector expertise will help attract serious international investors to the SEZ, aligning with our national goals for economic diversification and regional integration." A Government-Led SEZ for National Development The Special Economic Zone, officially launched by the Government of the Solomon Islands, is a flagship initiative aimed at stimulating broad-based economic transformation. Its goals include: Establishing a globally competitive, well-regulated business environment Attracting high-impact investment, advanced technology, and international expertise Generating employment and enabling export-led growth across multiple sectors A Cohesive Structure for Sustainable Growth The SEZ will comprise a series of interconnected sub-zones, each with distinct strategic functions: 1. Marine Economy – Agriculture – Natural Resources A 100-hectare, high-tech shrimp farm targeting premium export markets (e.g., Japan and EU) Fisheries processing hub aligned with global safety and quality standards Environmentally responsible mining operations (gold and bauxite) using ESG-aligned practices 2. Social Services – Education – Tourism An international hospital serving both local and regional communities Vocational training centers customized to SEZ workforce demands A luxury resort, casino, and golf course targeting high-end eco-tourism 3. Infrastructure – Finance – Logistics Financial services platform including a dedicated SEZ bank and investor support systems A strategic logistics hub with cold storage and streamlined cargo processing Integrated infrastructure to deliver reliable energy, water, and telecoms All sub-zones will be developed in accordance with a national master plan to ensure operational coherence and long-term sustainability. Implementation Roadmap: From Vision to Execution SI Group and the Solomon Islands Government have agreed on a structured implementation roadmap to realize the SEZ through phased development: Short-Term (0–6 months) Formalization of the SEZ Investment Agreement and submission to the Government Caucus Establishment of SI Group's office in Honiara Launch of initial pilot projects in healthcare, aquaculture, and logistics Engagement of anchor investors and technical consultants Finalization of the SEZ's legal and regulatory frameworks Long-Term (1–3 years) Full-scale development of SEZ sub-zones across targeted provinces Infrastructure deployment and utility integration Public-private partnerships for job creation and capacity building Significant growth in FDI and economic diversification Establishment of the Solomon Islands as a model for sustainable SEZ development in the Pacific SI Group – Strategic Adviser and Priority Investor Under the terms of the MOU, SI Group will serve as a strategic adviser and priority investor on major investment opportunities within the zone. SI Group's role includes: Advising on SEZ development strategy, structure, and international best practices Promoting the SEZ to global investors and multilateral institutions Facilitating capital mobilization and technical partnerships Supporting legal, financial, and regulatory alignment to attract long-term investment About SI Group Established in 2001 as ESPECO (H.K) Limited and now headquartered in Vietnam, SI Group is a global advisory and investment firm specializing in: Investor migration and post-settlement solutions Government advisory and international business development Infrastructure, real estate, and hospitality investment Strategic partnerships and trade facilitation With active operations in over 20 countries and a proven track record of delivering high-impact projects, SI Group is committed to supporting the Solomon Islands in realizing its SEZ ambitions through sustainable and inclusive development. MEDIA CONTACT Nguyen Huu Tri (Kannie) CMO & Director of Global Business Development – SI Group Email: Phone: +84 904 605 065 Website: View original content to download multimedia: SOURCE SI Group Sign in to access your portfolio
Yahoo
19-03-2025
- Business
- Yahoo
SI Group Awarded Bronze Medal by EcoVadis for Corporate Social Responsibility
Company Ranked in the Top 35% of All Rated Companies Underscoring the Company's Commitment to Good Sustainability Practices THE WOODLANDS, Texas, March 19, 2025 /CNW/ -- SI Group, a leading global developer and manufacturer of performance additives, process solutions, pharmaceuticals, and chemical intermediates, has received a Bronze medal from EcoVadis, a globally trusted platform for evaluating corporate sustainability performance. This recognition highlights SI Group's commitment to responsible business practices and its continuous efforts in environmental, social, and governance (ESG) initiatives. The EcoVadis assessment evaluates companies based on a comprehensive range of stringent sustainability criteria, including environmental impact, labor practices, ethics, and sustainable procurement. The methodology is built on international corporate social responsibility standards, including the Global Reporting Initiative, the United Nations Global Compact, and the ISO 26000. The company's most recent ranking places SI Group in the top 35 percent of the more than 150,000 businesses worldwide assessed by EcoVadis. Key Highlights of SI Group's 2025 EcoVadis Ranking: SI Group scored in the 79th percentile of all Bronze medals awarded during the past 12 months by EcoVadis. SI Group's supporting documents show an exceptional level of coverage of environmental actions or certification throughout company operations. SI Group's company policies demonstrate the intention to reduce impact, mitigate risk and improve performance. SI Group has elevated its focus on sustainability in recent years and is continually striving to develop innovative solutions that will improve sustainability worldwide. "We are proud to receive a Bronze ranking from EcoVadis," said Dave Brassington, Sr. Director, Regulatory & Sustainability. "It only strengthens our commitment to evolving and improving on the social and environmental initiatives we have in place. We are striving for a Gold medal or better in future years." As part of its commitment to sustainability, SI Group has released several ESG Reports to maintain transparency across every aspect of its business operations and corporate social responsibility. The company plans to release a 2025 ESG Report later this year. Visit for more information. About EcoVadisEcoVadis is the world's most trusted provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains. Backed by a powerful technology platform and a global team of domain experts, EcoVadis' easy-to-use and actionable sustainability scorecards provide detailed insight into environmental, social and ethical risks across 250+ purchasing categories and 185+ countries. About SI GroupSI Group is a global leader in the innovative technology of performance additives, process solutions, and chemical intermediates. SI Group's solutions enhance the quality and performance of industrial and consumer goods in the plastics, rubber & adhesives, fuels & lubricants, oilfield, and pharmaceutical industries. Headquartered in The Woodlands, Texas, USA, SI Group operates 19 manufacturing facilities across three continents, serving customers in 80 countries with the support of approximately 1,600 employees worldwide. In 2023, SI Group published its inaugural ESG report, showcasing its commitment to continuous improvement and sustainability. SI Group innovates and drives change to create value with a passion for safety, chemistry, and extraordinary results. Learn more at Media Contact: Joseph Grande ph: + 1.413.684.2463 joe@ View original content to download multimedia: SOURCE SI Group, Inc. View original content to download multimedia: Sign in to access your portfolio
