. . . . . . . .[+] Involved in:
99% May harm your business future; Persons or entities that engage in transactions with this entity will be exposed to sanctions or subject to an enforcement action;
Top Alert – Entity designated / sanctioned for terror, WMD and human rights violation
Chengdu Best New Materials Co., LTD. located in Chengdu, Sichuan Province, China . Chengdu Best New Materials is a professional manufacturer and exporter of cemented carbide inserts and metal powders. Chengdu Best New Materials is a committed to the design, development and production of cemented carbide, ceramic-metal, indexable inserts, thread inserts, PCD & CBN inserts, strips and plates, shims, wooding tips, mineral products, rods, and non-standard products. Our company gathered the professional staff members in the area of designing, producing and sales;
Chengdu Best New Materials, is subjected to US sanctions due to the alleged violation of US non-proliferation legislation in respect of Iran, North Korea and Syria. The US Department of State posted a relevant notice in the Federal Register. The decision on restrictive measures came into force on November 6;
Sanctions will be effective for two years but their term can be reduced or terminated by a decision of the US secretary of state. Restrictive measures ban US government departments or agencies from making procurement contracts with these companies, providing them with assistance, selling them defense items and granting them licenses for items subjected to export control;
Accordingly, pursuant to Section 3 of the Act, the following measures are imposed on these persons:
1. No department or agency of the U.S. government may procure or enter into any contract for the procurement of any goods, technology, or services from these foreign persons, except to the extent that the Secretary of State otherwise may determine;
2. No department or agency of the U.S government may provide any assistance to these foreign persons, and these persons shall not be eligible to participate in any assistance program of the U. S. government, except to the extent that the Secretary of State otherwise may determine;
3. No U.S. government sales to these foreign persons of any item on the United States Munitions List are permitted, and all sales to these persons of any defense articles, defense services, or design and construction services under the Arms Export Control Act are terminated; and
4. No new individual licenses shall be granted for the transfer to these foreign persons of items the export of which is controlled under the Export Control Reform Act of 2018 or the Export Administration Regulations, and any existing such licenses are suspended.
Also Known As:
Chengdu Best New Materials Co Ltd.