MOP 14.2 billion in local procurement represents 80 per cent of 2015 total spend
MACAO, July 5, 2016 /PRNewswire/ — With Sands China’s Local Supplier Support Programme in full swing, MOP 14.2 billion of the company’s total procurement in 2015 went to local Macao companies, a 36 per cent increase over the previous year.
The figure represents nearly 80 per cent of Sands China’s total procurement in 2015, of which more than 12 per cent (MOP 1.8 billion) benefited small- and medium-sized enterprises (SMEs).
The statistics reflect Sands China Ltd.’s increased focus on local procurement, which gained momentum after the successful launch of its Local Supplier Support Programme last year. Sands China Ltd. and the Macao Chamber of Commerce jointly announced the launch of the programme in July 2015 — the first of its kind in Macao.
The pioneering long-term initiative focuses on three types of local businesses, identified in collaboration with the Macao Chamber of Commerce: small and micro companies, "Made in Macao" companies and Macao young entrepreneurs.
"Supporting the growth of Macao’s local enterprises remains a key area of focus for Sands China," said Wilfred Wong, the company’s president. "As Macao continues its rise as a world centre of tourism and leisure, it is important that the economic benefits go to all, including Macao’s vibrant community of local businesses. As the first integrated resort operator in Macao to launch an SME procurement initiative, Sands China is pleased to see other operators running their own programmes as well, as these collective efforts allow the entire Macao community to grow and develop together."
Sands China’s Local Supplier Support Programme is in line with the Macao government’s initiative to "buy local" and demonstrates Sands China’s commitment to supporting local enterprises as part of the company’s corporate social responsibility efforts. It is part of Sands China’s supplier relationship management strategy, which guides the company’s long-standing effort to support local suppliers, whom it views as its strategic partners.
MOP 14.2 billion of Sands China’s total procurement in 2015 went to local Macao companies, a 36 per cent increase over the previous year. Demonstrating the success of the company’s Local Supplier Support Programme, the figure represents nearly 80 per cent of Sands China’s total procurement in 2015, of which more than 12 per cent (MOP 1.8 billion) benefited small- and medium-sized enterprises (SMEs).
About Sands China Ltd.
Sands China Ltd. (HKEx: 1928, Sands China or the Company) is a Cayman Islands registered company and is listed on The Stock Exchange of Hong Kong Limited. Sands China is the largest operator of integrated resorts in Macao. The Company’s Cotai Strip portfolio is comprised of The Venetian® Macao, The Plaza™ Macao and Sands® Cotai Central. The Company also owns and operates Sands® Macao on the Macao peninsula. The Company’s integrated resorts contain a diversified mix of leisure and business attractions and transportation operations, including large meeting and convention facilities, a wide range of restaurants, shopping malls, world-class entertainment at the Cotai Arena and The Venetian Theatre, and a high-speed Cotai Water Jet ferry service between Hong Kong and Macao. The Company’s property development projects on Cotai have the goal of transforming it into Asia’s premier entertainment and business destination. Sands China is a subsidiary of global resort developer Las Vegas Sands Corp. (NYSE: LVS).
For more information, please visit www.sandschinaltd.com.
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