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Filipino Steelmakers Eye US$1 Billion in Capital Investments
12/05/2016 - Steelmakers plan to invest about US$1 billion in the Filipino steel industry over the next five years, reports the Manila Standard newspaper.
According to the newspaper, the effort to expand capacity and payrolls comes on expected growth in steel consumption in the Philippines and other southeast Asian nations.
Of the announced investments, the largest is from Steel Asia Manufacturing Corp., which plans to put US$500 million into a plan to boost production of plate, wire rod and sections, Philippine Iron and Steel Institute president Roberto Cola told the newspaper.
You can read the full story here.
Of the announced investments, the largest is from Steel Asia Manufacturing Corp., which plans to put US$500 million into a plan to boost production of plate, wire rod and sections, Philippine Iron and Steel Institute president Roberto Cola told the newspaper.
You can read the full story here.
