+ Follow METRO ALLIANCE Tag
METRO ALLIANCE
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 374265
[Title] => Bataan Polyethelene Corp to resume operations
[Summary] =>
Preparations for the re-operation of the Bataan Polyethylene Corp. (BPC) are continuing as it awaits the outcome of the bidding of the shares of Mirant Philippines Corp., according to BPC shareholder William Gatchalian.
In an interview, Gatchalian expressed confidence that BPC’s power problem is nearing resolution with the sale of Mirant Philippines by its American shareholders.
Mirant Philippines has already started accepting bids since Nov. 24 and is scheduled to close/stop accepting bids on Dec. 15.
[DatePublished] => 2006-12-10 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 368891
[Title] => Petrochem firm blames Mirant for stalled plant operation
[Summary] =>
Mirant Philippines Corp. is facing yet another problem, this time with a petrochemical firm, over a power supply contract.
Metro Alliance Holdings and Equities Corp. said it had served a demand letter to Mirant Philippines to stop it from stonewalling efforts at reviving and re-operating the company’s petrochemical plant in Mariveles, Bataan.
[DatePublished] => 2006-11-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 367305
[Title] => Gatchalian hits Mirant for refusing to provide power to Bataan plant
[Summary] =>
Plastics king William Gatchalian is accusing the local unit of Atlanta-based Mirant Corp. of deliberately refusing to provide power to the recommissioned plant of Bataan Polyethy-lene Corp. (BPC), hindering the resumption of the plant’s operations.
In an interview, Gatchalian — a major shareholder in BPC — said the BPC has been recommissioned at a cost of $20 million and is ready to operate.
[DatePublished] => 2006-11-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 358704
[Title] => Metro Alliance to rehabilitate polyethylene plant in Bataan
[Summary] =>
Metro Alliance Holdings & Equities Corp., together with its foreign partner, NPC International of Iran, will spend a combined $20 million to re-commission a mothballed polyethylene plant in Mariveles, Bataan.
Metro Alliance chairman and president Renato Magadia said the estimated rehabilitation cost of the polyethylene plant is $80 to $85 million.
Metro Alliance, a company majority-owned by businessman William Gatchalian, will infuse $8 million while Iran’s NPC International will cover the remaining $12 million.
[DatePublished] => 2006-09-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 354109
[Title] => Metro Alliance sues German bank over $1.635-million deposit
[Summary] =>
Publicly-listed Metro Alliance Holdings & Equities Corp. has filed a case against German bank WESTLB AG seeking the return of $1.635 million in deposits as partial payment for the purchase of the assets of Bataan Polyethylene Corp. (BPC).
In its complaint filed with a court in Singapore, Metro Alliance alleged that the bank failed to comply with the conditions stipulated under the agreement they entered into.
[DatePublished] => 2006-08-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 284011
[Title] => Bataan Polyethylene Corp majority stockholders confirm sale of their stake
[Summary] => British Petroleum, Petronas and Sumitomo– the management and foreign shareholders of the Bataan Polyethylene Corp (BPC)– confirmed yesterday that they have sold their majority stake of 83 percent to Tybalt, Ltd., a Cayman Islands-based investment firm.
They refused to disclose how much Tybalt paid for their stake in BPC.
The sale of BP International Ltd.’s 38.5 percent, Petroliam Nasional Berhad’s 38.5 percent and Sumitomo Corporation’s six percent shareholding in BPC was concluded last June 23, 2005.
[DatePublished] => 2005-06-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 269909
[Title] => Singapore firm, Gatchalian group team up to revive petrochem project
[Summary] => Pan Pacific Capital Advisors Pte. Ltd. of Singapore has tied up with Metro Alliance Holdings and Equities Corp. to revive the operation of the Bataan Polyethylene Corp. (BPC) plant, the Department of Energy (DOE) said yesterday.
Metro Alliance, owned by businessman William T. Gatchalian, acquired 100 percent ownership of BPC by way of debt and equity purchase. BPC was formerly owned and operated by the consortium of British Petroleum of UK, Petronas of Malaysia, Sumitomo of Japan and some local investors.
[DatePublished] => 2005-03-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 260457
[Title] => GMA orders plans for naphtha cracker plant revived
[Summary] => President Arroyo has ordered the PNOC-Petrochemical Development Corp. (PPDC) to revisit plans of putting up the first naphtha cracker plant in the country.
"PPDC will be given a key role in the petrochemical industry and eventually expected to put up the naphtha cracker plant," the Chief Executive said over the weekend.
Officials said that a review of plans to put up the $1.2-billion naphtha cracker plant in Bataan is now feasible after groups of new investors decided to enter into the petrochemical industry.
[DatePublished] => 2004-08-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 256169
[Title] => Metro Alliance to buy 83% of Bataan Polyethylene by Q3
[Summary] => Metro Alliance Holdings and Equities Corp. expects to close by the third quarter this year a deal to purchase 83 percent of Bataan Polyethylene Corp. (BPC), the company told the Philippine Stock Exchange.
Metro Alliance said the BPC shareholders – BP Holdings of the UK, Petronas of Malaysia and Sumitomo Corp. of Japan have already agreed on the final terms of the sale and purchase agreement for the state-of-the-art, 275,000 metric ton (MT) polyethylene plant in Mariveles, Bataan.
[DatePublished] => 2004-07-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 254169
[Title] => PNOC takes another look at $1.2-B naphtha project
[Summary] => State-run Philippine National Oil Co. (PNOC) is revisiting its plan to put up a $1.2-billion naphtha cracker plant in Bataan, a ranking PNOC official said. The project has been put in the backburner for several months now.
"Maybe it would be appropriate if we will be able to revive our plans to construct the naphtha cracker plant and make our efforts in full swing now that the Metro Alliance group decided to operate the BPC (Bataan Polyethylene Corp.)," PNOC president Thelmo Cunanan said.
[DatePublished] => 2004-06-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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