Manufacturing Corp., the largest steel bar or rebar manufacturer in the Philippines, will spend $600 million in four steel mills to double its current rebar production capacity and produce new steel products to meet strong domestic demand amid a booming construction industry.

In a press briefing on Friday, SteelAsia president Benjamin Yao said they are investing $600 million for four steel manufacturing mills over the next three to five years.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details