Julia Christine Botin

P30 billion steel plant to rise in Quezon province: SteelAsia

Article (news)

Benise Balaoing

ABS-CBN News

<div><br/></div><p>MANILA — One of the country&#x27;s biggest steel manufacturers said it is opening a P30-billion plant in Candelaria, Quezon.  </p><p>In a statement, SteelAsia Manufacturing Corp. said the factory will make heavy structural steel products that the Philippines is presently importing.</p><p>“We will create around 7,000 jobs instead of giving jobs to China, Vietnam, Thailand, Korea and Japan, our major suppliers,&quot; said SteelAsia chairman and chief executive officer Ben Yao.</p><p>Yao also said the plant will produce H beams, I beams, angles, channels, sheet piles, and plates with  a carbon footprint that is 90 percent lower than that of the traditional steelmaking process.</p><p>&quot;We use recycled scrap metal and employ electric arc furnace technology,&quot; he said.</p><p>Delivery lead times to projects will also be faster, from 3 to 4 months for imports to 1 to 2 weeks once the Candelaria plant is operational by 2027.</p><p>The factory will also help the Philippines save $1.2 billion yearly. </p><p>SteelAsia awarded the engineering, procurement, and construction management for the plant to MCC Huatian Engineering &amp; Technology Co., Ltd.</p><p>The firm noted that MCC Huatian is the global leader and most experienced engineering company in building steel plants, having built more than 230 steel plants in 14 countries. </p><div><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/DCmF9e6vElw?&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span><br/></div>

<p>One of the country's biggest steel manufacturers said it is opening a P30-billion plant in Candelaria, Quezon.</p>

One of the country's biggest steel manufacturers said it is opening a P30-billion plant in Candelaria, Quezon.