STEELASIA MANUFACTURING Corp. accomplished a P1.1-billion shipment of high-strength reinforcing steel to a subway project in Vancouver, Canada, last week, its chairman said.
“We’ve repeat orders from the identical buyer and project, a vote of confidence in our reliability as a supplier and in the standard of our products,” SteelAsia Chairman and Chief Executive Officer Benjamin Yao said in a press release on Feb. 1.
“Locally, it is identical for us for the reason that top developers are our biggest loyal customers,” he added.
In keeping with the corporate, the shipment on Jan. 30 was the country’s largest steel export to this point.
The 32,000-metric-ton shipment of high-strength reinforcing steel got here from the corporate’s mill in Davao City.
The newest shipment brought SteelAsia’s total exports to the Canadian subway project to 87,000 metric tons with an approximate value of P3.2 billion.
SteelAsia operates 4 steel mills, which have a complete capability of two.5 million metric tons per yr.
These are Meycauayan Works, Calaca Works, Davao Works, and Compostela Works.
It is usually constructing a green steel H-beam plant in Lemery, Batangas, and can begin site development in Candelaria for a second green steel H-beam plant value P30 billion.
In July 2024, the corporate announced an P82-billion investment for plants in Candelaria, Quezon; Lemery, Batangas; Davao City; and Concepcion, Tarlac.
The corporate’s investment goals to scale back the country’s reliance on imports, create jobs, and contribute to the country’s economic growth. — Justine Irish D. Tabile
