29 Nov Soon To Rise $3.5 Billion Steel Plant @ Misamis Oriental To Generate 50,000 Jobs
Photos: Romeo Alamillo, Theo Panga
Mga higala! 50,000 JOBS will soon be available due to the planned construction of a 305-hectare steel plant inside Phividec Industrial Estate in Misamis Oriental.
This integrated steel manufacturing plant is an investment by the PANHUA GROUP, China’s number 1 integrated steel manufacturer.
According to a report by Sunstar CDO, this steel plant is a $3.5 billion investment that will consist of a modern port, a 10-million ton capacity integrated steel mill, a 300-hectare industrial park, and other downstream industries.
This billion-dollar steel plant will soon help reduce poverty in the Province of Misamis Oriental and even in Cagayan de Oro City. It is expected to generate 50,000 jobs for masons, blacksmiths, laborers, and more!
For more details, read this article:
MOU signing together with representatives of PANHUA Group, witnessed by DTI Secretary Ramon Lopez:
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