Chinese Steel Giant to Open $1-B Plant

Chinese steel giant to open $1-B plant

MANILA, Philippines – A Chinese steel manufacturer is set to open in June its $1-billion facility in Maasim, Sarangani, marking the first phase of a broader multibillion-dollar expansion in the Philippines. Trade Secretary Cristina Roque said that she met with officials of Panhua Group during her recent trip to China to discuss the company’s expansion plans

Chinese steel giant Panhua to launch $1-billion Sarangani facility in June

China-based steel manufacturing giant Panhua Group Co. Ltd. will begin operations at its $1-billion facility in Sarangani province next month as part of its multi-billion investment commitment to the Philippines, according to the Department of Trade and Industry (DTI).Trade Secretary Cristina Roque told reporters that the Chinese firm’s long-awaited integrated steel facility is now ready to begin commercial operations in June through the project…