SteelAsia Manufacturing Corp. plans to invest P82B to build five new steel plants in the Philippines over four years, with government support from President Marcos.
SteelAsia Manufacturing Corp. plans to invest P82B (~$1.55B) over four years to build five new steel plants in the Philippines, aiming to replace steel imports, create jobs, and contribute to economic growth. The plants in Batangas, Quezon, Davao, and two in Tarlac will produce various steel products for infrastructure, construction, and downstream industries. SteelAsia's expansion plans have received government support from President Marcos.
July 24, 2024
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