exchangemagazine.com | Sch 40 Steel Pipe

For a recent U.S. paper mill project, a global supplier of specialty papers and engineered products called upon the experts at Piping Layout Consultants (PLC), a full-service, mechanical design firm based in Louisville, Kentucky.

14. Income Taxes The total income tax expense differs from the amount computed by applying the federal income tax rate (21% in 2018, and 35% in 2017 and 2016) to net income before total income tax expense for the following reasons: The Company’s deferred tax assets and liabilities were composed of the following on December 31: 113 Table of Contents Federal PTCs are recognized as wind energy is generated based on a per kwh rate prescribed in applicable federal statutes. OTP’s kwh generation from its wind turbines eligible for PTCs decreased 53.0% in 2018 compared with 2017 due to the PTC eligibility period ending for one of OTP’s wind farms. OTP’s kwh generation from its wind turbines eligible for PTCs increased 4.4% in 2017 compared with 2016. North Dakota wind energy credits are based on dollars invested in qualifying facilities and are being recognized on a straight-line basis over 25 years. Schedule of expiration of tax credits and tax net operating losses available as of December 31, 2018: The following table summarizes the activity related to the Company’s unrecognized tax benefits: The balance of unrecognized tax benefits as of December 31, 2018 would reduce the Company’s effective tax rate if recognized. The total amount of unrecognized tax benefits as of December 31, 2018 is not expected to change significantly within the next 12 months. The Company classifies interest and penalties on tax uncertainties as components of the provision for income taxes in the Company’s consolidated statement of income. There was no amount accrued for interest on tax uncertainties as of December 31, 2018. The Company and its subsidiaries file a consolidated U.S. federal income tax return and various state income tax returns. As of December 31, 2018, with limited exceptions, the Company is no longer subject to examinations by taxing authorities for tax years prior to 2015 for federal and North Dakota income taxes and prior to 2014 for Minnesota state income taxes. TCJA In December 2017 the TCJA was enacted. The TCJA includes a number of changes to existing U.S. tax laws that impact the Company, most notably a reduction of the federal corporate income tax rate from 35% to 21% for tax years beginning after December 31, 2017. The Company measures deferred tax assets and liabilities using enacted tax rates that will apply in the years in which the temporary differences are expected to be recovered or paid. Accordingly, the Company’s deferred tax assets and liabilities were remeasured to reflect the reduction in the U.S. corporate income tax rate from 35% to 21% in 2017. The revaluation for OTP required the creation of a regulatory liability and an offsetting reduction in deferred tax liability. This regulatory liability will generally be amortized over the remaining life of the related assets. On a consolidated financial statement basis, the revaluation resulted in a one-time, non-cash, income tax expense of approximately $1.8 million in 2017. The impacts of the TCJA adjustments to deferred taxes and regulatory liabilities are provided in the reconciliation below: 114 Table of Contents The Company recognized the income tax effects of the TCJA in its 2017 consolidated financial statements in accordance with Staff Accounting Bulletin No. 118, which provided SEC staff guidance for the application of ASC Topic 740, Income Taxes, and allowed up to one year to complete the required analyses and accounting for the TCJA. At December 31, 2017 the Company was able to make reasonable estimates of the impact of the TCJA for the reduction in the federal corporate tax rate, changes to bonus depreciation and consequences on the Company’s regulatory liabilities. The accounting for the income tax effects of the enactment of the TCJA was complete as of September 30, 2018. The Company did not make any material adjustments in 2018 to the amounts recorded at December 31, 2017.

360 Research Report Provide a report, titled Global Spiral Welded Pipe Market by Manufacturers, Regions, Type and Application, Forecast to 2023.

China State contracted with consultant Tianjin Tianhe-Cloud Building Engineering Technology Co.  to provide modeling and analysis on the job. By combining seabed elevation models and borehole measurement data with the pile and foundation BIM model, Tianjin Tianhe optimized the insertion sequence for the multiple steel pipes needed for each foundation to prevent each subsequently installed pile from damaging or distorting the previous piles, says Jin Yangshuo, BIM senior engineer.

On February 12, 2015 another group of stakeholders filed a complaint with the FERC seeking to reduce the ROE component of the transmission rates that MISO transmission owners, including OTP, may collect under the MISO Tariff from 12.38% to a proposed 8.67%. This second complaint established a second 15-month refund period from February 12, 2015 to May 11, 2016. The FERC issued an order on June 18, 2015 setting the complaint for hearings before an ALJ, which were held the week of February 16, 2016. A non-binding decision by the presiding ALJ was issued on June 30, 2016 finding that the MISO transmission owners’ ROE should be 9.7%. OTP is currently waiting for the issuance of a FERC order on the second complaint.

Although the concept is 70 years old, technology advancements have facilitated the development of larger, sturdier, faster machines than in the past.

WEST POINT -Two Occupational Safety and Health Administration (OSHA) courses for general industry will be offered at Northeast Community College in West Point in March.

The CITT ruling follows a complaint by Montreal-based pipe manufacturer Nova Tube and testimony delivered by USW members during hearings held by the tribunal in January. The Steelworkers testified that Canadian workers and producers are facing job losses and considerable uncertainty due to foreign dumping and the imposition of 25% U.S. tariffs on Canadian steel.

What’s only critical now is acquiring assets that fit both systems and no, it’s not as tough as one might initially think.

On January 18, 2019, the Court granted the United States’ motion for default judgment because the Defendant, Six Star Wholesale, failed to answer the complaint and did not respond to the Plaintiff’s motion for default judgment.  The Court awarded the Plaintiff $529,684.06 (unpaid duties of $143,228.02 and civil penalties of $386,456.04). Six Star Wholesale had misclassified certain wire hangers and polyethylene retail carrier bags in order to avoid CBP’s 55.31% tariff for steel wire garment hangers from China.

Georg Fischer Harvel IPEX Charlotte Pipe Tyco Bow Plumbing Group Silver-Line Plastics Tianjin Hongtai Pipe Industry Youli Holding Cresline Plastic Pipe Genova Products Viking

As Lubrizol and Japan Sekisui Chemical continue to expand their CPVC production capacity, the future CPVC pipe market will maintain a large growth rate, especially in the Asia-Pacific region. Despite the long history of US CPVC pipe market application, it will maintain growth trend in the future, especially it has great potential in replacing metal pipes.