SteelAsia sets opening of P2 Billion Davao steel plant


SteelAsia, the latest comer to Davao City’s investment scene has set the opening of its P2 Billion Davao Rolling Mill Plant in Bunawan District.

The Davao plant operated by subsidiary New Carcar Manufacturing is the third SteelAsia plant after Luzon and the Visayas. The Davao City plant would serve the construction needs of Mindanao.

The opening of the steel plant was announced on Sunday, August 3 by Mayor Rodrigo Duterte in his television program Gikan sa Masa Para sa Masa. Duterte however failed to say when the plant would start operation.

With SteelAsia’s opening, the three major features of industrialization are now in Davao City. The other two are the US$400 million AboitizPower coal-fired power plant in Toril and the Holcim Cement in Ilang also in Bunawan District.

The SteelAsia rolling  steel plant completes the city’s firepower  — steel, cement and power plants — as a key economic player in Mindanao.

Power, steel and cement are acknowledged as primary elements of industrialization, and could add more punch to Davao City’s image as Mindanao’s premier city and hub of the southern island’s trade and commerce.

The 300MW AboitizPower coal-fired power plant  is set to start operation in 2016.
The Holcim Philippines (formerly Bacnotan Cement) now backed by  giant Swiss cement maker Holcim, has been a major producer for Mindanao’s cement need since the late 60s.

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