SteelAsia allots P82b to build 5 new steel mills in 4 years

Defining the News

SteelAsia, the Philippines’ largest steel maker, said it plans to invest P82 billion in the construction of five new steel plants over the next four years.

“These new plants will produce steel products that are currently imported, costing the country over $3 billion annually. The steel produced will be vital for infrastructure, construction, and various manufacturing industries,” he said. Yao said the investments would establish the foundation for a thriving manufacturing sector in the Philippines, generating more jobs and upskilling the workforce.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MlaStandard /  🏆 20. in PH

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cyberattacker hits Indonesia's data center, demands $8 million ransomDefining the News
Read more »

Western Visayas aims smoke-free workplaces, maintains high alert against Q feverDefining the News
Read more »

‘WPS clash deliberate, not a misunderstanding’Defining the News
Read more »

Let Sara speak for herself—SpeakerDefining the News
Read more »

Dow rises while Nasdaq drops on Nvidia retreatDefining the News
Read more »

Taiwan leader says China 'has no right to punish' islandDefining the News
Read more »