material

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Related to Raw material extraction: feedstock, Finished materials

Material

1. Describing information that is or may be relevant for a firm's operations. For example, if a VCR company is experiencing a dearth of demand because most of its potential customers are buying DVD players, this is material information that will likely need to be disclosed to shareholders. See also: Immaterial.

2. Raw substances that a company uses to make its product. For example, an oil refinery's material is crude oil, which it makes into refined oil.

material

Of sufficient importance or relevance as to have possible significant influence on an outcome. For example, the possibility that a firm might lose its right to operate a number of television stations because competitors have filed with the Federal Communications Commission for those licenses would be a material fact in preparing the firm's financial statements. Compare immaterial.
References in periodicals archive ?
For conveyor systems used in raw material extraction applications, the belt and other components must be changed after a certain operating time.
Cement is needed for the maintenance and building of our hospitals, schools and transport infrastructure and in our opinion, this option offers the best balance in terms raw material extraction and the minimisation of environmental impact for the local community.
Thus, it doesn't involve any new investment in the pulp production line, but rather increased capacity in raw material extraction.
The life-cycle stages evaluated in an LCA begin with raw material extraction and extend through processing, manufacture, use and end-of-life disposition.
We need to examine and improve energy efficiency in all stages of raw material extraction and conversion to products.