When a company or government agency buys or leases existing manufacturing facilities to launch new manufacturing activities, this is called an investment in existing facilities.
Investments in new deposits, unlike old deposits, involve new construction of fixed assets, plants and equipment.
Brownfield investment is a common form of foreign direct investment (FDI).
Investment in existing facilities has many benefits, such as buildings already built, reduced start-up times, lower costs, and compliant buildings.
Abandoned land can also be contaminated from previous use with pollutants, hazardous materials or other pollutants.
When a property owner does not intend to allow further use of a vacant derelict property, this is referred to as mothballed derelict development.
Evaluation costs are the fees a company pays for discovering defects in its products before they are delivered to customers; they are a form of quality control.
The articles of association can be seen as a user manual for the company, defining its purpose and outlining the methodology for carrying out the necessary day-to-day tasks.
The Code of Ethics sets out the ethical principles of the organization and the best practices to be followed with respect to honesty, integrity and professionalism.