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Thai Petrochemical Firm, State-Run Petroleum Firm Look at Cost-Cutting Ties.
Sep. 6--Debt-ridden Thai Petrochemical Industry Plc (TPI) plans to form a strategic alliance with the state-run Petroleum Authority of Thailand (PTT) spanning various businesses.
TPI had held initial talks with PTT executives on pooling resources in petrochemical and oil businesses to cut costs, Thongchat Hongladarom, TPI's president, said yesterday.
"The businesses of TPI and PTT have similar patterns. Co-operation will help both companies to minimise costs, especially given economic hardship. "The companies could jointly obtain raw materials. Management of refineries could be pooled, following the pattern of Shell and Caltex, which together formed the Alliance Refining Co.
Suriya Juengrungruangkij, the industry minister, said that an alliance between TPI and PTT was possible, although the details had yet to be worked out.
The PTT recently forged a co-operation agreement with Bangchak Petroleum Plc, which is also state-owned.
Meanwhile, TPI Group has completed corporate reorganisation under Effective Planners Co, its restructuring plan administrator.
Mr Thongchat said the reorganisation applied immediately. The group consists of seven companies: TPI, TPI Oil Co, Thai ABS Co, TPI Aromatics Plc, Thai Polyurethane ...
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...Treerapongpichit, Bangkok Post, Thailand Knight...Industry Plc (TPI) expects sales...mediation process. TPI shares closed...see more of the Bangkok Post, or to subscribe...c) 2005, Bangkok Post, Thailand...krtinfo.com. TPI,
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...TPI in its cement subsidiary, TPI Polene, is completed. Proceeds...the sale would be used to reduce TPI's debts. Shares of TPI closed on Friday on the Stock...7 million. To see more of the Bangkok Post, or to subscribe to the newspaper...
- TPI proposes $1.2bn in new investments.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) September 23, 2006 700+ words
...financial instrument is worth investing. TPI shares closed yesterday on the Stock Exchange...1.05 billion baht. To see more of the Bangkok Post, or to subscribe to the newspaper, go to...IL 60025, USA. TICKER SYMBOL(S): TPI
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- Newspaper article from: Bangkok Post (Bangkok, Thailand) June 10, 2005 700+ words
...appointed by the court as TPI planner in 2003, after...administrators appointed by TPI's creditors. To see more of the Bangkok Post, or to subscribe to...Copyright (c) 2005, Bangkok Post, Thailand Distributed...TICKER SYMBOL(S): TPI
- 'TPI will be stronger,' says incoming chief.
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...after the new shareholders took control. TPI shares closed yesterday on the Stock Exchange...1.22 billion baht. To see more of the Bangkok Post, or to subscribe to the newspaper, go to...reprints@krtinfo.com. TICKER SYMBOL(S): TPI
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...role of the Finance Ministry in TPI had ended. Any appeals lodged...an issue between him and the TPI shareholders, he added. TPI shares closed yesterday on the...Polkuamdee To see more of the Bangkok Post, or to subscribe to the newspaper...
- Asset Overhaul Will Tidy Up Books at Thai Petrochemical Industry, TPI Polene.
- Newspaper article from: Knight Ridder/Tribune Business News August 21, 2003 700+ words
...Treerapongpichit, Bangkok Post, Thailand Knight...Petrochemical Industry Plc (TPI) and TPI Polene...92 million baht. TPI shares were unchanged...see more of the Bangkok Post, or to subscribe...com (c) 2003, Bangkok Post, Thailand. Distributed...Business News. ...
