+ Follow VOEST ALPINE Tag
VOEST ALPINE
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[ArticleID] => 171890
[Title] => NSC bidder asks for tariff wall
[Summary] => Government must first put in place continued tariff protection for intermediate steel products to attract serious investors in the National Steel Corp. (NSC), a prospective bidder said yesterday.
According to one of the three interested bidders for NSC, without the tariff protection, investors will not be willing to risk their money on NSC.
For one, the bidder pointed out, NSC has been mothballed for the past three years and "would need an immediate outlay to restart its rusty plant."
[DatePublished] => 2002-08-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 157670
[Title] => Malaysians set to resume talks with National Steel creditors
[Summary] => A Malaysian delegation led by Abdul Hamidy Afiz, Pengurusan Danaharta Nasional Berhad managing director, is scheduled to arrive on May 3 to resume negotiations with Philippine creditor banks regarding the proposed debt write-down and equity conversion scheme for the National Steel Corp.
Trade and Industry Secretary Manuel Roxas II said yesterday the Malaysian owners of NSC and the Philippine creditor banks are still working out the final details of the proposed debt write-down and equity conversion.
[DatePublished] => 2002-04-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 149628
[Title] => GMA orders Roxas to proceed with foreclosure of National Steel
[Summary] => NEW YORK – President Arroyo has given the go-signal to Trade and Industry Secretary Manuel Roxas II to proceed with the foreclosure of the mothballed National Steel Corp. (NSC) and prepare it for reopening within the next six months.
Talking to reporters before she left New York last Monday, President Arroyo said Roxas has informed her about the outcome of his talks with the NSC creditor banks, the National Development Co. (NDC) and the Pengurusan Danaharta Nasional Berhad which finally agreed to set a timetable for the foreclosure of NSC.
[DatePublished] => 2002-02-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097308
[AuthorName] => Marichu A. Villanueva1
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 148974
[Title] => Creditors to write off part of NSC debts
[Summary] => Major creditors of the National Steel Corp. (NSC) have agreed to write off a portion of their exposure to the mothballed steel firm, Trade and Industry Secretary Manuel Roxas II disclosed yesterday following a meeting among NSC creditor banks, the National Development Co. (NDC) and Pengurusan Danaharta Nasional Berhad.
"During that meeting, there was a consensus on the parameter that would form a possible solution to NSC," Roxas said.
[DatePublished] => 2002-01-31 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 146207
[Title] => No decision yet on NSC lease proposals — SEC
[Summary] => The Securities and Exchange Commission (SEC) said it has not reached a decision on the proposal of Voest Alpine to lease the facilities of the defunct National Steel Corp. (NSC). Officials said they would settle the minor motions before resolving the question of lease.
Contrary to earlier reports that Malacañang has picked Voest Alpine’s lease proposal over two others, the hearing panel in charge of NSC’s liquidation said it has not reached a final decision on any of the lease proposals that have been submitted for evaluation.
[DatePublished] => 2002-01-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 143577
[Title] => NSC body needs more time to study proposals
[Summary] => The National Steel Corp. (NSC) evaluation committee will not be able to complete its work this year following a delay in the submission of further requirements by the three major proponents to rehabilitate the ailing steel plant.
Allengoal Steel Fabrication and Trading Co. and Cathay Pacific Steel Corp. (Capasco) have asked the NSC evaluation committee for more time to submit additional clarificatory information about their lease offers.
The committee gave the two firms up to Dec. 19 to submit the additional requirements.
[DatePublished] => 2001-12-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 141587
[Title] => National Steel evaluation body receives new business plans
[Summary] => The National Steel Corp. (NSC) evaluation committee received yesterday new business and financial plans from Allengoal Steel Fabrication and Trading, Cathay Pacific Steel Corp. and Voest Alpine as part of the committee’s additional requirements for the rehabilitation of the shuttered steel plant.
But Allengoal expressed its concern that the request for clarification and more detailed business and financial plans may be an attempt by the committee to give the two other bidders an opportunity to improve, revise and even possibly top the offer submitted by Allengoal.
[DatePublished] => 2001-11-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 139842
[Title] => Allengoal, Cathay, Voest Alpine asked to submit NSC bids
[Summary] => The National Steel Corp. (NSC) Evaluation Committee has asked the three firms that submitted a lease proposal for NSC to submit their respective business and financial plans to the committee before any decision is made as to which of the three proposals will be accepted.
This was announced over the weekend by Trade Undersecretary Adrian Cristobal Jr. following a meeting with all three proponents, namely Allengoal Steel Frabrication & Trading, Cathay Pacific Steel Corporation (CAPASCO) and Voest Alpine.
[DatePublished] => 2001-11-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 139015
[Title] => DTI faces ‘difficult’ task of evaluating bids for NSC plant
[Summary] => The National Steel Corp. Evaluation Committee will have a hard time comparing the proposals submitted by Voest Alpine, Cathay Pacific Steel Corp. (CAPASCO) and Allengoal Steel Fabrication & Trading.
Voest Alpine offer is merely to rehabilitate and operate the mothballed NSC plant in Iligan.
CAPASCO, on the other hand, has submitted a lease proposal with a purchase option.
Allengoal, for its part, has basically submitted its earlier lease proposal.
[DatePublished] => 2001-11-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 134902
[Title] => NSC not likely to reopen this year
[Summary] => Trade and Industry Secretary Manuel Roxas II disclosed yesterday that the National Steel Corp. (NSC) may not be able to open and operate this year even if the NSC evaluation committee manages to choose an operator for the mothballed plant in Iligan.
"Retooling the mothballed plant and even ordering the necessary raw materials would take some time and could not be done within the three months left in the year," Roxas said.
[DatePublished] => 2001-09-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
January 31, 2002 - 12:00am
January 7, 2002 - 12:00am
November 12, 2001 - 12:00am
