Tate & Lyle unit sold for £67m

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGem TATE & Lyle yesterday sold off the last of its historic British sugar businesses – offloading its molasses distribution arm for £67m. Northern Irish commodities group W&R Barnett has bought the unit in cash, and Tate & Lyle says it will use the proceeds to pay down its net debt. The molasses business had annual sales of £228m in the year to 31 March, generating profits of £13m.The sale follows on from its decision in July to offload its main sugar and golden syrup division to American Sugar Refining for £211m, and is part of Tate & Lyle’s chief executive Javed Ahmed’s plan to focus the company on speciality food ingredients.Tate & Lyle said the sale of the final piece of its global sugar operation – a Vietnamese business – was progressing well.“I would like to thank our molasses employees for their hard work and commitment over many years and wish them every success in the future,” said Ahmed.“Our clear priority is to grow the speciality food ingredients business, supported by cash generated from bulk ingredients. This disposal represents another important step as we focus, fix and grow our business,” he added. KCS-content Tate & Lyle unit sold for £67m Share whatsappcenter_img Thursday 25 November 2010 7:28 pm whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Show Comments ▼ Tags: NULLlast_img read more

2 FTSE 100 dividend stocks I’d buy in a Stocks and Shares ISA today to beat the State Pension

first_img Our 6 ‘Best Buys Now’ Shares “This Stock Could Be Like Buying Amazon in 1997” Peter Stephens | Thursday, 13th February, 2020 | More on: BHP SSE Simply click below to discover how you can take advantage of this. Buying FTSE 100 shares to build a retirement nest egg could be a sound move. After all, the State Pension amounts to just a third of the average income in the UK, while the age at which it starts being paid is set to rise to 67 over the coming years.With that in mind, here are two FTSE 100 shares that appear to offer good value for money. They also have relatively high dividend yields that could boost their total returns in the long run and enable you to enjoy a greater amount of financial freedom in older age.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…SSEThe recent trading update from SSE (LSE: SSE) showed that the company is on track to meet its financial guidance for the full year. In addition, it expects to pay a dividend of 80p per share, which equates to a yield of around 5% at its current price. It also committed to its dividend payment plan over the next three years, which could see its dividend payments increase by at least as much as inflation over the medium term.Looking ahead, SSE could deliver improving financial performance. Its pivot towards renewables is continuing, and it expects to cease production at its last coal-fired power station in March. Following the sale of its domestic energy supply business to Ovo Energy, SSE now has no exposure to the highly competitive sector. This could reduce its risk, since it may be less impacted by regulatory change.Moreover, renewables are likely to become an increasingly prominent part of the UK’s energy mix. Therefore, SSE may enjoy an improving financial performance over the long run that is reflected in a rising dividend and a higher share price.BHPAnother FTSE 100 share that could deliver high returns in the long run is BHP (LSE: BHP). The mining company recently released an encouraging production update for the first half of its current financial year. It delivered solid operational performance across its portfolio, and expects its overall production to be slightly ahead of the previous year.Additionally, BHP’s cost guidance has remained unchanged from its previous update. This is expected to contribute to a rise in its bottom line of 12% versus the previous year. Since the stock trades on a price-to-earnings (P/E) ratio of 11.4 and has a dividend yield of 6.1%, it seems to offer good value for money at the present time.Looking ahead, risks from the spread of coronavirus could hold back the growth prospects for the world economy. This may cause a decline in investor sentiment towards the wider mining sector. However, BHP’s solid financial position and its diverse portfolio of assets could enable it to overcome the near-term challenges it faces. As such, now could be the right time to buy it while it appears to offer a wide margin of safety. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee.center_img Image source: Getty Images. Peter Stephens owns shares of SSE. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. See all posts by Peter Stephens I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. 2 FTSE 100 dividend stocks I’d buy in a Stocks and Shares ISA today to beat the State Pension Enter Your Email Addresslast_img read more

Clovis Withdraws Name from USDA Nomination

first_img Previous articleClosing CommentsNext articleHouse Tax Reform Proposal Kills Death Tax Hoosier Ag Today Home Indiana Agriculture News Clovis Withdraws Name from USDA Nomination SHARE Sam Clovis withdrew his nomination to a Department of Agriculture post Thursday. President Trump nominated Clovis earlier this year to serve as USDA’s undersecretary for research, education, and economics, effectively known as the USDA chief scientist position. However, Clovis was recently linked to the investigation into the links between the Trump campaign and Russia. Clovis says in a letter to President Trump that he does “not want to be a distraction or a negative influence.” He cites “relentless assaults” on the Trump administration that “seem to be a blood sport.” White House spokeswoman Sarah Huckabee Sanders says the administration respects his decision to withdraw. Clovis, who was already serving as the senior White House adviser on USDA, added that he will “continue to serve at the pleasure” of President Trump and Agriculture Secretary Sonny Perdue.His nomination faced a tough road as some in the Senate, including Ranking Agriculture Committee member Debbie Stabenow, questioned his qualifications for the USDA post. Stabenow called the withdraw “a victory for science” and for farmers who rely on agricultural research.Source: NAFB News Service By Hoosier Ag Today – Nov 2, 2017 Clovis Withdraws Name from USDA Nomination SHARE Facebook Twitter Facebook Twitterlast_img read more

United States Gout Market and Competitive Landscape 2021 – ResearchAndMarkets.com

first_imgLocal NewsBusiness TAGS  United States Gout Market and Competitive Landscape 2021 – ResearchAndMarkets.com Facebook Twitter Pinterest Twitter WhatsAppcenter_img WhatsApp DUBLIN–(BUSINESS WIRE)–Feb 19, 2021– The “US Gout Market and Competitive Landscape – 2021” report has been added to ResearchAndMarkets.com’s offering. US Gout Market and Competitive Landscape Highlights – 2021, provides comprehensive insights into Gout pipeline products, Gout epidemiology, Gout market valuations and forecast, Gout drugs sales and competitive landscape in the US. The research is classified into seven sections – Gout treatment options, pipeline products, market analysis comprising of epidemiology, key products marketed, market valuations and forecast, drugs sales and market shares. Research Scope:Gout pipeline: Find out the products in clinical trials for the treatment of Gout by development phase 3, phase 2, and phase 1, by pharmacological class and companies developing the productsGout epidemiology: Find out the number of patients diagnosed (prevalence) with Gout in the USGout drugs: Identify key products marketed and prescribed for Gout in the US, including trade name, molecule name, and companyGout drugs sales: Find out the sales revenues of Gout drugs in the USGout market valuations: Find out the market size for Gout drugs in 2019 in the US. Find out how the market advanced from 2017 and forecast to 2026Gout drugs market share: Find out the market shares for key Gout drugs in the US Benefits of this Research:Support monitoring and reporting national Gout market analysis and sales trendsTrack competitor drugs sales and market share in the US Gout marketTrack competitive developments in Gout market and present key issues and learningsSynthesize insights for Gout market and products to drive business performanceAnswer key business questions about the Gout marketEvaluate commercial market opportunity assessment, positioning, and segmentation for Gout productsSupports decision making in R&D to long term marketing strategies Key Topics Covered: 1) Gout Treatments 2) Gout Pipeline 3) US Gout Epidemiology 4) Marketed Drugs for Gout in US 5) US Gout Market Size and Forecast 6) US Gout Products Sales and Forecast 7) US Gout Market Competitive Landscape 8) Methodology For more information about this report visit https://www.researchandmarkets.com/r/4aalbe View source version on businesswire.com:https://www.businesswire.com/news/home/20210219005172/en/ CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: INDUSTRY KEYWORD: HEALTH OTHER HEALTH SOURCE: Research and Markets Copyright Business Wire 2021. PUB: 02/19/2021 03:56 AM/DISC: 02/19/2021 03:56 AM http://www.businesswire.com/news/home/20210219005172/en By Digital AIM Web Support – February 19, 2021 Facebook Pinterest Previous articleVon Willebrand Disease Epidemiology Forecast 2021-2030 – Focus on Algeria, Egypt, Saudi Arabia, South Africa and United Arab Emirates – ResearchAndMarkets.comNext article„Aman Residences, Tokyo” i nowa marka „Janu Tokyo” wizytówkami miejskiego projektu rewitalizacji Toranomon-Azabudai Digital AIM Web Supportlast_img read more

Council invites applicants for its Irish Colleges Scholorships

first_imgNews Council invites applicants for its Irish Colleges Scholorships By News Highland – February 25, 2013 Google+ Pinterest RELATED ARTICLESMORE FROM AUTHOR Google+ Applications are being invited for Donegal County Council’s Scholorships to attend Irish Colleges this summer.30 places will be available for students between the ages of 10 and 18 years of age living within County Donegal.The scheme, which is worth upto 25 thousand euro, is run in association with the Irish Summer Colleges.The Council’s Irish Language Development Officer, Seán Ó Daimhín explains the application process:[podcast]http://www.highlandradio.com/wp-content/uploads/2013/02/johnSCHOL.mp3[/podcast] Twitter Facebook WhatsApp Twittercenter_img Man arrested in Derry on suspicion of drugs and criminal property offences released Watch: The Nine Til Noon Show LIVE Previous articleStrabane man Ryan Dolan to represent Ireland in EurovisionNext articleMcHugh wants it easier for Donegal companies to apply for government contracts News Highland Facebook WhatsApp HSE warns of ‘widespread cancellations’ of appointments next week Pinterest Dail to vote later on extending emergency Covid powers Dail hears questions over design, funding and operation of Mica redress scheme PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegallast_img read more

Peters’ principles

first_img– Develop entrepreneurial instincts. Almost 20 years after the publication of In Search ofExcellence, Tom Peters is probably still the world’s top management guru. Hetalks to Godfrey Golzen about his latest ideas “I’m an enthusiast,” confesses Peters who, inprivate conversation, is a much quieter, more thoughtful man than his hecticplatform manner might suggest. “I’m constantly excited by what I see, hearand read is happening.” It’s not an easy one to follow, particularly for big,process-led companies. The trend there is to deal with change by seeking safetyin numbers so large that smaller competitors cannot challenge them; hence thehuge rise in mergers and acquisitions. “You don’t get small, fleet-footedcreatures by mating two dinosaurs,” is his pithy comment on mega-mergers,like the recent one between Glaxo Wellcome and SmithKline Beecham to create theworld’s biggest drugs group. It was the latter that eventually led to the book In SearchOf Excellence, co-authored with Bob Waterman, which made them both famous. Therest, as they say, is history, but the chairman went on and on, with accountsof Peters’ subsequent life and work. As the minutes ticked by the delegatesbecame restive because the man they had come to hear was not there – until heemerged from the shadows, 15 minutes late. “Ladies and gentlemen,” hebegan, “in your industry this would count as being on time.” In the global search for talent, people who can create thatkind of effect are in great demand and that is being reflected in theirrewards. Peters believes that some of the high prices being paid foracquisitions are not, in fact, for the companies or even their brands, but for theirbrains. “If you look at the figures on the basis of a price being paid perhead of talent, they often look remarkably cheap.” – Be aware of the importance of your Rolodex of contactnames. – Have an intense appetite for and interest in technology. – Be damn good at something. Not to be afraid of getting it wrong has become part of hismessage. “Look at Churchill,” he told a British audience at a seminarorganised by The Economist in December 2000. “His career was littered withdisasters, but he is rightly remembered as one of the great men of the 20thcentury because he wasn’t afraid to act boldly.” In a typical imaginative leap, Peters suggests thatcompanies should learn from the bees. “When the hive gets too big, theysplit off into smaller colonies.” The corporate equivalent of this is whathappened at the US$25bn Swiss-Swedish electrical power group ABB which, underthe leadership of Percy Barnevik, was restructured into some 5,000 profitcentres operating throughout the world. The model corporations should look at,Peters is currently arguing, are professional service firms, such as those oflawyers, accountant, architects and engineers. “Professional firms are notvery big and don’t have a continuous, predictable source of work,” heexplains. “They have projects with clear objectives, cost and timetargets, they work in teams, often as part of a network involving otherprofessional firms, and they are judged and rewarded on an agreed set ofresults.” Looked at another way, finding such work is also a survivalstrategy for individuals who are having to come to terms with the fact that by2010 full-time workers will be in the minority. “Volunteer for crappyjobs,” is a typical piece of Peters advice. “Even a small assignmentcarries the DNA of a big one. And never accept the assumptions that go withit.” That last comment is part of his message that e-commerce has created”a brawl with no rules”, in which the way we do things has to beconstantly reinvented. He points to the example of companies like the softwaregiant CISCO, which is solving 45,000 customer problems a week through achatroom facilitated by the company but conducted by the customers themselves.In effect, CISCO is getting US$1bn a year’s worth of free consultancy this way. – Have a passion for renewal. Peters is an evangelist for management, and is sometimescriticised for his somewhat Billy Graham-like approach to his subject. Butunderlying it all is his doctorate in engineering. He does the numbers, and oneset of numbers he is currently looking at with great interest is the US women’smarket, which he says is the world’s biggest, and most neglected, consumergroup. Their purchasing power represents a market bigger than the Internet. IfPeters is right about this and turns his formidable intelligence to marketingstrategy, a whole new audience awaits him in the 21st century. His flair for making his point dramatically and with acertain amount of humour explains why, almost 20 years after the publication ofIn Search of Excellence, Peters remains arguably the most famous and probablythe most highly paid management guru. And in a business world that technologyhas changed almost beyond recognition. But isn’t he getting a bit tired afterclocking up 1,700 seminars and 4.5 million air miles since 1982, not to mentionthe books, the syndicated newspaper columns, the small businesses he runs outof his base in Palo Alto, his farm in Vermont and his insatiable reading? True,he’s aged a bit and is going through one of his overweight phases, theinevitable consequence of too many lunches with business leaders and too manyhotel meals eaten too late at night. It’s not that he’s a big food man,although he does admit to an interest in cooking. It’s just that he’s so wrappedup in his work as a lecturer, so generous in the way he is prepared to talk andlisten to members of his audience even when his day is officially over, that hestays late and eats at times which are bad for the digestion. His seminarsessions almost always run way over time too. He is not concerned about dot-com failures either. Hecompares their fluctuating fortunes to what happened in the early days ofanother great communication revolution, the building of the railways acrossAmerica. “Horrible mistakes were made about basic stuff like agreeing auniform gauge for lines across the country. Entrepreneurs and investors were aslikely to lose their shirts as to become rich. But the railways would neverhave got built in anyone’s lifetime if they hadn’t done a lot of dumb stuff anddone it quickly. How do children learn to walk, for God’s sake? They do it byconstantly falling over until they get it right.” One of the mantras thathas been a Peters message from the beginning is that the way to respond tochange is “Ready. Fire. Aim.” Waiting for star speaker Tom Peters to arrive at a recent USseminar for senior airline executives, the chairman talked about Peters’achievements. His impressive academic qualifications – doctorates from two ofAmerica’s top universities, first in engineering, then in businessadministration – his service record as a young naval officer in Vietnam, hissubsequent attachments to the Pentagon and his later career as a McKinseyconsultant. Survival skills for the new economy Peters’ career as a management guru goes back to the dayswhen most people’s idea of a computer was a mainframe IBM 360, and the electrictypewriter and the copying machine were as technological as office equipmentgenerally got. Some of the 43 companies whose practices were singled out asbeing “excellent” were indeed at the forefront of the coming computerage, including IBM itself. But within five years, two-thirds of them were invarying degrees of trouble and some have since gone out of business. Peters’ principlesOn 1 Feb 2001 in Personnel Today – Individually, be aware that your knowledge is a rapidlydepreciating asset. Make sure you have a Renewal Investment Plan and that youremployer contributes to it. Previous Article Next Article So how did he and Waterman get it so wrong? It’s a questionthat’s often been asked by sceptics, but it’s not one that has ever fazedPeters. “It doesn’t invalidate the ideas we put forward about theimportance of closeness to customers, of listening to the people they serve,and of fostering innovation and entrepreneurship. What I got wrong and what thecompanies that fell by the wayside got wrong was that change happened muchfaster than had been predicted. That’s still true. So what I’m talking about alot of the time now is the scale and speed of change.” In this situation,he suggests, speed of action may be even more important than quality. Related posts:No related photos. In the business world, he points to the example of Enron, awidely admired and successful US utility company. “Two-thirds of thestories told at senior management meetings are not about successes but aboutmistakes.” The point about not burying mistakes is not just the obvious onethat you learn from them. “Mistakes are often just a matter of bad timing.At a later point you may find that in a new context they are the rightanswer.” – Be a finisher – clients pay for completed work, not brightideas. Getting to grips with the Web is integral to survival, bothfor corporations and individuals, and there is probably no management guru whohas engaged with the new economy more thoroughly than Peters. A consequence ofthe fact that information and data can now flow globally at the speed of light,is the drive towards commoditisation. “Everything is better but everythingis much the same,” is how this has been put. Peters believes that in thenew economy, competitive advantage will be with those who can create what hecalls “the WOW factor”. The Sydney Olympics were a case in point.What created worldwide attention were not so much the events themselves, withtheir converging standards, but the spectacular opening and closing ceremonies. The Concise Oxford Dictionary defines a “guru” asa wise or revered teacher. Peters reminds you of that teacher at school who wasreally fired up by his subject, perhaps a little bit eccentric and whooccasionally talked a certain amount of nonsense, but who was never less thanstimulating and ever eager to share and explain new developments in his field. – Be able to adapt and improvise. Comments are closed. – Grovel before the young.last_img read more

Evolution and adaptive radiation of antarctic fishes

first_imgThere are few instances where a knowledge of the thermal physiology, habitats and lifestyles of a group of closely related species can be mapped onto a well-supported phylogeny and a detailed climatic history. The unique fish fauna of the Southern Ocean, dominated by a single group of fish whose phylogeny is known from traditional and molecular techniques, provides one such opportunity. Furthermore, these fish are living at an extreme temperature for marine organisms. Physiological and molecular studies are revealing details of the mechanisms of temperature compensation and, combined with knowledge of the thermal history, are throwing new light on the process of evolution in this unique group of fish.last_img

Interglacial environments of coastal east Antarctica: comparison of MIS 1 (Holocene) and MIS 5e (Last Interglacial) lake-sediment records

first_imgWe reconstruct terrestrial and freshwater environments of the last two Quaternary interglacials in coastal east Antarctica by examining multi-proxy evidence in a lake sediment core. The record, from Progress Lake in the Larsemann Hills consists of two discrete sediment units. The lower unit contains the first known evidence of Antarctic coastal environments during a previous interglacial, likely to be MIS5e. Biogeochemical, biological and sedimentological climate proxies revealed a productive biological community and an active hydrological regime, consistent with the warmer conditions detected in continental ice cores at this time. The diatom assemblage was similar to that currently found in the sub- and maritime-Antarctic biome and included some sub-Antarctic endemic taxa that have not previously been reported from east Antarctica. This suggests southward expansion of the sub-Antarctic diatom biome during MIS5e. Mosses were also present in the lake or the catchment but are rare in the region today. Two discrete periods of enhanced productivity show that the MIS5e environment was not stable. MIS5e ended abruptly with a rapid transition to glacial conditions, the lake was covered by a layer of firnified snow and ice, and phototrophic biological activity ceased for a period of c. 90,000 years. The upper unit was deposited in MIS1 after 3470–3687 cal yr BP after phototrophic biological production resumed. Lower species diversity, pigment production, an Antarctic continental diatom assemblage and an absence of moss layers suggest cooler conditions during MIS1.last_img read more

Dixie State Women’s Soccer’s Ashton Wins RMAC Defensive Player of Week Award

first_img FacebookTwitterLinkedInEmailST. GEORGE, Utah-Tuesday, Dixie State women’s soccer midfielder, junior Alexa Ashton, was named as the Rocky Mountain Athletic Conference’s defensive player of the week.Ashton, a product of Dixie High School, played key roles in the Trailblazers’ shutout victories over Cal State San Bernardino and Cal State San Marcos.Ashton played all 180 minutes for Dixie State in the wins and was the anchor of a Trailblazers’ defensive attack that only allowed seven total shot attempts.The Trailblazers are 3-0 on the young season and have yet to surrender a goal. They will host Snow College in a friendly Saturday at 11:00 a.m. and will travel to Azusa Pacific Saturday 13. Tags: Alexa Ashton/Azusa Pacific/Cal State San Bernardino/Cal State San Marcos/Dixie State Women’s Soccer/Snow College Brad James September 4, 2018 /Sports News – Local Dixie State Women’s Soccer’s Ashton Wins RMAC Defensive Player of Week Award Written bylast_img read more

Ocean City Boardwalk Work Starts Monday; Detour Coming Soon

first_imgThe boardwalk between Seventh and Sixth streets will be removed and replaced in a project that starts Monday (Oct. 20) and is expected to be complete by early April.For Ocean City visitors, it was a sight to behold: a block of the Ocean City Boardwalk obliterated — with nothing but sand filling the gap between the surviving sections.A project to replace the Ocean City Boardwalk between Fifth and Sixth streets nears completion in February 2014.For runners and riders, it meant a little detour that added a bit to the five-mile round  trip they knew so well.That was the scene last winter when the city started the first phase of a multi-year project to replace the Ocean City Boardwalk and its substructure between Fifth and 12th streets. Work to replace one block of the boardwalk between Fifth and Sixth streets was completed by early April.Work to replace a second block of boardwalk begins on Monday (Oct. 20), according to Jim Mallon, assistant to Mayor Jay Gillian.A construction contractor will begin work to demolish and replace the boardwalk from Sixth Street to Plaza Place (just north of Seventh Street). The boardwalk will be closed to through traffic likely starting sometime this month.Boardwalk detour during a construction project between Sixth and Seventh streets that starts on Oct. 20.A detour will take pedestrians and cyclists off the Boardwalk at Seventh Street, down Wayne Avenue, through the municipal parking lot between Sixth and Fifth streets, and back to the boardwalk at Fifth Street.City Council this summer awarded a $1.2 million contract to Fred M. Schiavone Construction of Malaga to complete the work. Schiavone was the contractor for the first phase of the project between Fifth and Sixth streets and for the new Welcome Center on the Route 52 causeway.Council has authorized spending up to $1,825,000 on this phase of the project.The project specifications call for using a stock of southern yellow pine that has been stored in Ocean City since the settlement of a lawsuit with the Louis J. Grasmick Lumber Co. of Baltimore in 2009.The city has long sought an alternative to pine for its boardwalk. The soft wood splits, cracks and exposes nails or screws after relatively short periods of time. The city has studied and tested many alternatives but has found none both suitable and cost-effective.But the existing stock of southern yellow pine is thicker (three inches) and sturdier that the pine used on other sections of the boardwalk, and the city administration says it is “optimistic” that it will hold up much better.The boardwalk project will include reconfiguring the boardwalk ramp at Sixth Street, eliminating the north ramp and widening the south ramp. The access ramp for the disabled will remain in place, leading to the municipal parking lot between Fifth and Sixth streets. The work is expected to be complete by spring.__________Sign up for OCNJ Daily’s free newsletter and breaking news alerts“Like” us on Facebooklast_img read more