DENKA PERFORMANCE ELASTOMER, a global supplier of Neoprene, is an American entity with joint owners from Japan: Denka Company Limited and Mitsui & Co. LTD. Since November 1, 2015, Denka Performance Elastomer has owned and operated a portion of the Pontchartrain Site located in LaPlace. We manufacture Neoprene rubber, one of the first synthetic rubbers, known for its resistance to sunlight, ozone, oil and heat, and ease of processing. This material is used for a variety of purposes, including medical, military, automotive, and construction applications.
Denka Performance Elastomer has 240 full-time employees and 125 resident contractors, resulting in a total annual payroll of $35 million. 77 percent of our workers are river parish residents, and our total taxes and purchases result in a contribution to the local and regional economies of approximately $80 million per year. Our employees are active members of the community, giving back by participating in local programs including the United Way, Household Hazardous Material Collection Day, and Relay for Life.
Denka Performance Elastomer is committed to protecting the environment as well as the health and safety of our employees and the community as a whole. We demonstrate this commitment by complying with all applicable environmental permits and regulations and by certifying our compliance to the LDEQ and the EPA annually.
Denka Performance Elastomer first reported a full year of emissions data to TRI for the 2016 reporting year. We are committed to future emissions reductions and have begun installing over $17 million in emissions control technology in 2017. In addition, we continually review emergent reduction technologies and implement them wherever feasible. Our commitment extends to working closely with regulatory agencies in this regard and maintaining open lines of communication within the community. At Denka Performance Elastomer, our goal is to achieve excellence in safety, health, and environmental performance.