Resources: Petron-Holcim Connection

1) Nicasio I. Alcantara – Chairman of Petron. Petron hires Holcim to take out debris from Guimaras (Oliver Mendoza of the Guardian wrote an Australian company offered to do the services for free.)
2) Tomas I. Alcantara – listed as a Board Director of Holcim. See this document. (page 3 – lists him as a director
page 13 – provides a professional background which includes the ff: that he is the President and Chairman of Alsons Consolidated Resources and former Undersecretary of DTI)
3) Alcantara and Sons were also listed as a stockholder (no. 57) in this document
4) The Holcim Quarterly Report (June 2006) (p10) reported the company generated 3.7 billion in revenues this year but its 5.8% lower than in 2005 due to low market demand. The company’s total assets as of June 2006 was P26.4 billion, a P740 million decrease from Dec 31, 2005.
Oliver Mendoza? has listed the ff: article in the Guardian on his blog where Virginia Ruivivar, Petron Public Affairs Manager Officer denied any connection between Nicasio I. Alcantara and Alisons Cement Incorporated). For the article “Petron pays P/7 click here“.



