Beaird Company, Ltd. Bankruptcy Proceedings
On August 12, 2009 Beaird Company Ltd.’s Bankruptcy was converted from a Chapter 11 Bankruptcy to a Chapter 7 Bankruptcy. This means that Beaird Company Ltd. no longer controls the disposition of its assets. The Bankruptcy Court has appointed a Trustee to oversee the dissolution of the property of Beaird Company and the disposition of its assets.
August 25, 2009 City Council Meeting
MBI attended the Shreveport City Council meeting on Tuesday, August 25, 2009, appearing before and updating the Mayor and Council as to the progress MBI is making in its efforts to begin operations at the Shreveport facility. Rick Fayard, Chief Administrative Officer of MBI, was accompanied by Steven Lee, Director of Environmental Issues, and Chip Naus, Attorney representing MBI in the Beaird Bankruptcy. Mr. Lee answered questions regarding the permitting process through the environmental agencies, which is proceeding as rapidly as possible. Mr. Naus advised on matters related to the Beaird bankruptcy, including MBI’s efforts to secure the equipment and property.
Outstanding issues remain at MBI’s Shreveport facility, such as equipment safety checks and facility safety concerns, which have been unable to be addressed due to restrictions set forth by the U.S. Bankruptcy Court in Beaird’s bankruptcy proceeding.
Although MBI did not cause the problems it currently faces in regard to the occupancy of the Shreveport facility, MBI has made enormous financial expenditures to try and resolve them all as quickly and aptly as possible.
Tuesday, September 1, 2009
Tuesday, May 26, 2009
May 26, 2009
City of Shreveport and MBI Meeting
Working in a cooperative and collaborative effort, representatives of the City of Shreveport and MBI intend to meet in the near future to discuss the current status and path forward for MBI's occupancy of the facility in Shreveport and how the remaining steps might be expedited.
Beaird Company, Ltd. Bankruptcy Filing
On May 8, 2009, Beaird Company, Ltd. filed a voluntary petition under Chapter 11 of Title 11 of the U.S. Code in U.S. Bankruptcy Court.
Union Withdraws Charge Against MBI
On March 27, 2009, MBI received notice from the National Labor Relations Board that the UAW withdrew its charge against MBI.
Working in a cooperative and collaborative effort, representatives of the City of Shreveport and MBI intend to meet in the near future to discuss the current status and path forward for MBI's occupancy of the facility in Shreveport and how the remaining steps might be expedited.
Beaird Company, Ltd. Bankruptcy Filing
On May 8, 2009, Beaird Company, Ltd. filed a voluntary petition under Chapter 11 of Title 11 of the U.S. Code in U.S. Bankruptcy Court.
Union Withdraws Charge Against MBI
On March 27, 2009, MBI received notice from the National Labor Relations Board that the UAW withdrew its charge against MBI.
Tuesday, April 21, 2009
4/15/09 Update on Permitting Process
April 15, 2009
MBI received correspondence from its risk and environmental specialist regarding MBI’s permitting activity. As of April 15, 2009, the permit application is still under the review and approval process in the Permits Division at the Louisiana Department of Environmental Quality.
MBI’s permit application was also sent to the Ambient Air Standards group (Air Emissions Modeling and Engineering) for their review and processing. Compliance with the National Ambient Air Quality Standards is required. The Ambient Air Standards group is also currently processing our application.
MBI had made a separate request to the Assistant Secretary of Environmental Services for a temporary authorization, which would have allowed certain operations at MBI’s Shreveport facility while the other operating permits were being processed and written. This request was denied by the Louisiana Department of Environmental Quality.
MBI received correspondence from its risk and environmental specialist regarding MBI’s permitting activity. As of April 15, 2009, the permit application is still under the review and approval process in the Permits Division at the Louisiana Department of Environmental Quality.
MBI’s permit application was also sent to the Ambient Air Standards group (Air Emissions Modeling and Engineering) for their review and processing. Compliance with the National Ambient Air Quality Standards is required. The Ambient Air Standards group is also currently processing our application.
MBI had made a separate request to the Assistant Secretary of Environmental Services for a temporary authorization, which would have allowed certain operations at MBI’s Shreveport facility while the other operating permits were being processed and written. This request was denied by the Louisiana Department of Environmental Quality.
4/1/09 MBI Letter to City CAO
April 1, 2009
MBI sent a status report letter to Mr. Dale Sibley, the Chief Administrative Officer of the City of Shreveport. MBI informed Mr. Sibley of local and state delays, particularly the delays set forth by the permitting process. MBI shared information with Mr. Sibley regarding MBI’s business and its occupancy of the Shreveport facility, as well as its intent to ensure long-term economic viability, all in light of and in full consideration of the current economic conditions. MBI reiterated that it is moving forward with all possible haste. MBI likewise emphasized to Mr. Sibley that it is completely and totally committed to the future success of the Shreveport facility and its operations, as well as the opportunities it provides, which includes the labor market.
MBI sent a status report letter to Mr. Dale Sibley, the Chief Administrative Officer of the City of Shreveport. MBI informed Mr. Sibley of local and state delays, particularly the delays set forth by the permitting process. MBI shared information with Mr. Sibley regarding MBI’s business and its occupancy of the Shreveport facility, as well as its intent to ensure long-term economic viability, all in light of and in full consideration of the current economic conditions. MBI reiterated that it is moving forward with all possible haste. MBI likewise emphasized to Mr. Sibley that it is completely and totally committed to the future success of the Shreveport facility and its operations, as well as the opportunities it provides, which includes the labor market.
Monday, March 9, 2009
3/9/09 News Release
The impact of the severe state of the economy is being felt in every industry. Although the long-term business of MBI remains robust and is growing, MBI, like any other company, is required at times to make personnel decisions to maintain production and efficiency. The recent layoff of a small fraction of MBI employees at its Mansfield facility is a result of MBI’s efforts to work with and accommodate the needs of our customers, which are reflected by their own industries, while also remaining successful as a company in our industry. Due to the current economic climate, MBI’s need for domestic production capacity involving the scope of work operated out of the Mansfield facility has diminished. Many of MBI’s projects have not been cancelled, but have been put on hold or temporarily postponed by our customers. In order for MBI to stay successful in our own industry, we must maintain the flexibility required to respond to the market’s dynamic needs.
The plans for MBI’s Shreveport facility are independent of and unaffected by the recent lay-off in Mansfield. It has been MBI’s long stated intent to launch our new product lines in Shreveport, move current overseas jobs to Shreveport which were sent overseas as MBI worked through the lease agreement and issues related thereto, as well as transfer positions from other MBI locations.
MBI remains focused on securing the necessary permits, completing its due diligence in regard to companies and sectors as part of its short-term and long-term strategies, and assessing the scope of work required to upgrade the Shreveport facility. In regard to unfair labor practice allegations asserted by UAW against MBI, MBI is currently in the process of responding to these charges, all of which lack merit.
For additional information please refer to http://www.mbiupdate.blogspot.com/.
The plans for MBI’s Shreveport facility are independent of and unaffected by the recent lay-off in Mansfield. It has been MBI’s long stated intent to launch our new product lines in Shreveport, move current overseas jobs to Shreveport which were sent overseas as MBI worked through the lease agreement and issues related thereto, as well as transfer positions from other MBI locations.
MBI remains focused on securing the necessary permits, completing its due diligence in regard to companies and sectors as part of its short-term and long-term strategies, and assessing the scope of work required to upgrade the Shreveport facility. In regard to unfair labor practice allegations asserted by UAW against MBI, MBI is currently in the process of responding to these charges, all of which lack merit.
For additional information please refer to http://www.mbiupdate.blogspot.com/.
Friday, March 6, 2009
3/6/09
Long Term Strategy - Joint Venture – MBI is in the due diligence phase of assessing its long-term strategy with various companies and sectors. Our intent is to maximize the facility in a market that will be sustainable and not a “transaction based” business.
Interim Strategy – MBI is pursuing “transaction based” business that will allow us to get people to work for an interim basis until the long-term strategy is ironed out.
DEQ Permits – The permitting process is estimated to take 10-14 weeks from the date of submission of the application. The application was hand delivered on February 10, 2009.
Facility Upgrades – The scope of work is currently being defined and estimates are being generated to upgrade the facility. The extent of the upgrade is dependant upon the resolution of the Long Term Strategy.
MBI Delays – The impact of the current economic climate is being felt across many industries. MBI is taking this impact into full consideration and plans to begin moving portions of its business to Shreveport at such time as is advisable on all fronts.
Interim Strategy – MBI is pursuing “transaction based” business that will allow us to get people to work for an interim basis until the long-term strategy is ironed out.
DEQ Permits – The permitting process is estimated to take 10-14 weeks from the date of submission of the application. The application was hand delivered on February 10, 2009.
Facility Upgrades – The scope of work is currently being defined and estimates are being generated to upgrade the facility. The extent of the upgrade is dependant upon the resolution of the Long Term Strategy.
MBI Delays – The impact of the current economic climate is being felt across many industries. MBI is taking this impact into full consideration and plans to begin moving portions of its business to Shreveport at such time as is advisable on all fronts.
Tuesday, February 24, 2009
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