Davao Eyes P2-B Steel Plant

Subscribe Now February 04, 2012 at 09:57pm

A steel bar company is pushing its plan to build a P2-billion plant here, starting with the application for a permit which has already been approved by the concerned committee in the city legislature. According to a report from the city council’s Committee on Housing, Rural and Urban Development, the plant is proposed at Barangay Bunawahan Proper here by the New Carcar Manufacturing Inc., a subsidiary of SteelAsia, one of the country’s biggest rolling bar producers.

“The establishment here of a steel plant could mean savings in our construction industry. This would mean another plus point to would-be investors to make our city a better proposition for them to invest,” the committee report said.

The proposed reinforced steel bar rolling mill project will be the first in Mindanao following the closure years ago of a giant plant in Iligan City of the privatized National Steel Corporation.

The proponent SteelAsia already has steel plants in Cebu and Laguna supplying the steel bar requirements of the Visayas and Luzon, respectively.

“Steel is one of the foundations of national development. Once this proposal is realized, Davao City would not only have the honor of having the only reinforced steel bar rolling mill plant in Mindanao, but also be able to play a bigger role in the development and progress of the island,” the committee report said.

Published reports said Antonio Lorenzana, the company’s chief operating officer, had requested last year the city council to reclassify the proposed site to accommodate its proposed plant.

The company wants an area at Purok 17 in Bunawan Proper here reclassified from medium industrial zone to heavy industrial zone.

On Dec. 9 last year, the committee on housing, rural and urban development conducted a hearing on the proposal, and recommended its approval subject to various conditions.

Source: mb.com.ph

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