[Federal Register: February 13, 2001 (Volume 66, Number 30)]
[Notices]               
[Page 10010-10011]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr13fe01-37]                         

-----------------------------------------------------------------------

DEPARTMENT OF COMMERCE

Foreign-Trade Zones Board

[Docket 8-2001]

 
Foreign-Trade Zone 122--Corpus Christi, TX Application for 
Subzone Status International Resistive Company Plant (Resistors), 
Corpus Christi, Texas

    An application has been submitted to the Foreign-Trade Zones Board 
(the Board) by the Port of Corpus Christi Authority, grantee of FTZ 
122, requesting special-purpose subzone status for the electronic 
resistor manufacturing plant of International Resistive Company (IRC) 
(a subsidiary of TT Group PLC, of the United Kingdom), located in 
Corpus Christi, Texas. The application was submitted pursuant to the 
provisions of the Foreign-Trade Zones Act, as amended (19 U.S.C. 81a-
81u), and the regulations of the Board (15 CFR Part 400). It was 
formally filed on February 6, 2001.
    The IRC plant (8 acres/129,000 sq. ft./320 employees) is located 
4222 South Staples Street, Corpus Christi, Texas. The facility is used 
to produce electronic resistors (HTSUS# 8533.29.0000, 8533.40.8000) for 
export and the domestic market. The production process involves design, 
assembly, testing, and warehousing. Components purchased from abroad 
(representing 50 to 65% of overall value) include: silicone adhesive, 
resistor leads, and copper conductors (duty rate range: 1-10%).
    FTZ procedures would exempt IRC from Customs duty payments on the 
foreign components used in export production (1% of shipments). On its 
domestic sales, the company would be able to choose the duty rate that 
applies to finished resistors (duty free) for the foreign inputs noted 
above. No local inventory tax exemption is included as a proposed 
benefit. The application indicates that subzone status would help 
improve the plant's international competitiveness.
    In accordance with the Board's regulations, a member of the FTZ 
Staff has been designated examiner to investigate the application and 
report to the Board.
    Public comment on the application is invited from interested 
parties. Submissions (original and three copies) shall be addressed to 
the Board's Executive Secretary at the address below. The closing 
period for their receipt is April 16, 2001. Rebuttal comments in 
response to material submitted during the foregoing period may be 
submitted during the subsequent 15-day period (to April 30, 2001).
    A copy of the application and the accompanying exhibits will be 
available for public inspection at each of the following locations:
    Office of the Port Director, U.S. Customs Service-Corpus Christi, 
Room 305, 400 Mann Street, Corpus Christi, TX 78401.
    Office of the Executive Secretary, Foreign-Trade Zones Board, U.S. 
Department of Commerce, Room 4008, 14th Street & Constitution Avenue, 
NW, Washington, DC 20230-0002.


[[Page 10011]]


    Dated: February 6, 2001.
Dennis Puccinelli,
Executive Secretary.
[FR Doc. 01-3640 Filed 2-12-01; 8:45 am]
BILLING CODE 3510-DS-P