02 Oct Steel Plant In Misamis Oriental To Start Construction This 2019: 30,000 Jobs Available In Phase 1
Mga higala! Panhua Group Co. Ltd. is now aiming to start the construction of its 300-hectare STEEL PLANT this 2019, inside the Phividec Industrial Estate of Misamis Oriental!
The Chinese steel company will invest 3.5 billion dollars in the steel plant’s Phase 1, during the next 3 years, and up to 30,000 jobs will be available.
When finished, the plant will have an annual capacity of 10 million tons per year of steel slabs, galvanized color coated steel coil, and more!
“We have Phase 2 and Phase 3 for this steel plant so there will be more capacity, more production to cater the local market,” said Panhua Group Board Chairman and Chief Executive Officer Xinghua Li.
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