Posted on 16 Jul 2024
The Philippine President Ferdinand Marcos Jr. urged collaboration with the government to tackle supply chain issues in the steel industry, which is critical for economic and social growth. Marcos made this appeal during the inauguration of SteelAsia Manufacturing Corp.'s (SAMC) newest plant, Compostela Works, in Compostela, Cebu.
Compostela Works, the largest steel mill in the country, has an annual production capacity of 1 million metric tons. It aims to meet infrastructure demands in the Visayas and Mindanao. SAMC, a Philippine-owned company, has facilities across the country and produces 3 million tons of rebar annually, employing over 3,000 people. Future projects include section mills in Batangas and Quezon for import substitution.
Source:Yieh
