Steel Asia Manufacturing Corporation, one of the largest steel manufacturing companies in the Philippines, recently broke ground on new plants in the province of Quezon and Batangas.
The soon-to-rise steel wire-rod manufacturing facility in the town of Candelaria, Quezon Province, will occupy a 32-hectare land and could employ more than 1,500 workers.
Meanwhile, the two production lines of integrated steelmaking and steel section rolling in Lemery, Batangas Province—said to be the country’s first steel beams manufacturing plant—is expected to create 1,500 jobs and will have a multiplier effect that has the potential of creating thousands of additional jobs from various industries that will support the plant’s operations.
Benjamin Yao, who hails from Lucban, Quezon, and chair and chief executive officer of Steel Asia, relayed his firm’s gratitude for the cooperation and support of both the provincial and municipal governments for the steel manufacturing projects.
“The Province of Quezon, the Municipality of Candelaria and the barangay of Malabanban Sur will be home to the most precise, most efficient and most environmentally friendly wire-rod manufacturing facility in the world. This is something we should be proud of,” Yao said.
The wire-rod manufacturing facility in Quezon augurs well for the provincial development and investment, such as the toll way and road extension project, processing plants, and industrial parks, amongst others.
Lemery Works, the steelmaking facility in Batangas, will recycle steel scrap, which is currently being exported. Yao said, “By recycling steel scrap in the Philippines, we keep job generation within the Philippines.” He also noted that by processing local steel scrap instead of importing beams, the country stands to save precious foreign exchange.
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