On Sunday, January 27, 2019, the U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”) announced the lifting of sanctions imposed on En+ Group plc (“En+”), UC Rusal plc (“Rusal”) and JSC EuroSibEnergo (“ESE”). As previously reported here, this announcement follows the Administration’s notification submitted to Congress on December 19, 2018. According to a press release issued by OFAC, under the terms of the entities’ removal from the Specially Designated Nationals (“SDN”) list, “En+, Rusal and ESE have reduced [Russian oligarch] Oleg Deripaska’s direct and indirect shareholding stake in these companies and severed his control. This action ensures that the majority of directors on the En+ and Rusal boards will be independent directors – including U.S. and European persons – who have no business, professional or family ties to Deripaska or any other SDN, and that independent U.S. persons vote a significant block of the shares of En+.” OFAC also indicated that the companies have agreed to “unprecedented transparency” of their operations by U.S. Department of Treasury. Meanwhile, all individual sanctions against Mr. Deripaska remain in place.
The CITT has ruled that standard pipe from the Philippines, Pakistan, Turkey and Vietnam will be subject to tariffs ranging from 46% to 66% for the next 5 years.
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Jennifer Hudson went from zero to sixty in nearly record time in the two-minute slot she was given to sing “I’ll Fight,” the first of the nominees for best original song to be performed at the Oscars. “I’ll Fight” came close to not even being part of the Oscars telecast, given the producers’ initial desire [...]
PVC pipe products are marketed through a combination of independent sales representatives, company salespersons and customer service representatives. Customers for the PVC pipe products consist primarily of wholesalers and distributors throughout the northern, midwestern, south-central, western and northwest United States. The principal method for distribution of the PVC pipe companies’ products is by common carrier ground transportation. No single customer of the PVC pipe companies accounts for over 10% of the Company’s consolidated revenue. However, two customers combined accounted for 39% of 2018 Plastics segment revenue.
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.
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Work has begun on the long-awaited rail spur line, which may accept test trains as soon as August. The government also will need to decide who should own and operate the plant. Ajaokuta is currently controlled by the state after a previous private-sector operator, Global Steel Holdings Ltd., had its concession terminated.
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