STEELASIA’S P3 BILLION DAVAO STEEL PLANT STARTED OPERATION ON DECEMBER 4, 2014
BY ROGER M. BALANZA
Two of three major features of industrialization are rising up in Davao City—the US$400 million AboitizPower coal-fired power plant and the P2 billion SteelAsia rolling steel plant — to complete the city’s firepower 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 latest comer to Davao City’s investment scene is SteelAsia, which will put up the P2 billion Davao Rolling Mill Plant through its subsidiary New Carcar Manufacturing. To be located in Bunawan District in the city’s industrial zone, the project is seeking from the Davao City Council the reclassification of its plant site to heavy industrial. SteelAsia has existing plants in Luzon and Visayas. The Davao City plant…
View original post 238 more words