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Investments in Affiliated Companies
12 Months Ended
Dec. 31, 2012
Investments in Affiliated Companies  
Investments in Affiliated Companies

Note 5 — Investments in Affiliated Companies

 

As of December 31, 2012, we have a 50% equity ownership investment in an Asian joint venture Asian Composites Manufacturing Sdn. Bhd. (“ACM”).  In accordance with accounting standards we have determined that this investment is not a variable interest entity.  As such, we account for our share of the operating performance of this affiliated company using the equity method of accounting.