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SteelAsia builds new wire rod mills to drive industry development-The 20th China (Guangzhou) Int’l Spring Industry Exhibition
12/12/2018 弹簧展- Spring Industry Exhibition-Spring expo |
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The Philippines’ SteelAsia Manufacturing Corporation (SteelAsia) planned to invest 25 billion pesos to build two wire rod mills with a total annual output of 1 million tons. By then, the Philippines will reduce the wire rod import of US$600 million per year. SteelAsia CEO Benjamin Yao said that the plan was expected to boost the Philippines’ steel industry to recover.
It was understood that SteelAsia''s two new wire rod mills had an annual output of 500,000 tons, of which the Visayas mill will supply wire rods to the central and southern Philippines and the Central Luzon mill will supply wire rods to the remaining areas of Manila and Luzon.
At present, SteelAsia''s operations were located in Luzon, Visayas and Mindanao, including upper, middle and lower streams of the steel manufacturers, and this corporation was the largest steel manufacturer in the Philippines with an annual output of more than 2.6 million tons. 弹簧展-2019第二十届广州国际弹簧工业展览会-全球最大弹簧展会-巨浪展览 -The 20th China (Guangzhou) Int’l Spring
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