HEAD Int'l Holdings to relocate China plant to Misamis Oriental

CAGAYAN DE ORO CITY - The world's leading manufacturer of HEAD tennis balls, racquets and other leading international sports products, would relocate its manufacturing plant from China to Misamis Oriental starting 2019 at a cost of P2.4-billion.

China firm to invest $4.4-billion in Mindanao steel plant

Photo shows the officials of the project proponents after the MOU signing: (Seated from left) are HBIS chairman Yu Yong, Huili Investment Fund chairman Meng Xiaosu, Trade Undersecretary for Industry Development and BOI managing head Ceferino Rodolfo, Defense Secretary Delfin Lorenzana, and Steel Asia chairman and CEO Bejamin Yao.  Winessing the signing are: (Standing from left) Trade Secretary Ramon Lopez (center), China Embassy of the Philippines counselor Jin Yuan (fourth from right) and Hebei Provincial Government of Chine vice governor Li Qian (fourth from left).

MANILA, Philippines (15 Dec. 2018) - One of the world's largest steel makers from China, HBIS Group Co. Ltd., is set to invest $4.4-billion to build an integrated steel complex in Mindanao.

During the signing of the memorandum of understanding (MOU) yesterday for the implementation of the project, Trade Secretary Ramon Lopez said the amount to be spent by HBIS would be the biggest industrial investment from China to the Philippines.

The MOU was signed by HBIS Chairman Yu Yong, Huili Investment Fund Co. Ltd., Chairman Meng Xiaosu, Steel Asia Manufacturing Corp., Chairman and chief Executive Officer Benjamin Yao, Defense Secretary Delfin Lorenzana, and Board of Investments managing head Ceferino Rodolfo.

HBIS, a whole-state-owned company in Shijiazhuang City, Hebei Province, is the second largest steelmaker in China and third largest in the world, producing appliance grade and automotive grade steel products.

Huili Fund, meanwhile, is a private equity firm based in Beijing, China, specializing in investing in real estate, finance and industries with a competitive edge.


Steel Asia, a top rebar producer in the Philippines, has six production units located in Luzon, Visayas, and Mindanao.

The project to be implemented by the parties, will occupy a 305-hectare land inside the PHIVIDEC Industrial Estate in Mindanao, with Atty. Franklin M. Quijano, as Administrator and Chief Executive Officer, at its helm.

It will have facilities related to port operation, sintering, coking, pelletizing, iron-making, steel-making, and steel rolling.

Phase 1 of the project covers the production of 4.5 million tons of hot rolled coils (HRC) and 600,000 tons of slabs with $3-billion worth of investments, while Phase 2 involves increasing the steel manufacuring capacity to eight-million metric tons.

Construction and ramp-up period of the project is expected to take three to five years.

Lopez said the project would create 10,000 jobs in the first phase, and about 40,000 jobs in the next phase.


"This project is very important to our industrial development and will allow us to pursue President Duterte's vision of having a globally competitive integrated iron and steel industry to support the growing economy, alleviate poverty, and to create jobs for every Filipino," Lopez said.

He said the project would also help reduce the trade deficit by as much $2.3 billion in Phase 1 and up to $4.4-billion in succeeding phases.

"With this integrated steelmaking facility, the country will be able to capture a large part of the value [chain] for the manufacture and assembly of appliances, automotive assembly, construction materials, shipbuilding, heavy equipment manufacturing, among others," he said.  [Louella Desiderio, The Philippine Star]

Philippine Sanjia Steel Corp. to invest Php800-M for steel manufacturing plant in Tagoloan

CAGAYAN DE ORO CITY - Another Chinese firm is planning to put up an P800-million steel manufacturing plant in Tagoloan, Misamis Oriental.

PHILIPPINE SANJIA STEEL CORPORATION, which is engaged in processing of raw materials into steel products including construction steel, industrial steel, angle iron and beam channel products, is eyeing a 47-hectare area in Barangay Baluarte, of which 22.6 hectares is within PHIVIDEC Industrial Estate.

PHIVIDEC Industrial Authority administrator and CEO Atty. Franklin M. Quijano led the signing of the Memorandum of Understanding (MOU) and witnessed by the Sanjia executives and other Phividec officials.

Quijano said the project will require only some 150 employees for the first-three years of operation.  After three years of its operation, however, employment is expected to rise to 300 personnel, Quijano elaborated.

The term of the contract will run for 25 years, renewable for another 25 years at the option of the parties.

Atty. Franklin M. Quijano clarified that Sanjia Steel Corp. is different from Panhua Group's plant, which is an Integrated Steel Mill which produces steel slabs from the raw materials.  Sanjia, meanwhile, processes the slabs into steel beams. 

The Panhua Group's plant is a $3.5-billion investment which consists of a port, a 10-million ton capacity integrated steel mill, an industrial park and other downstream industries which will be implemented in three phases and would generate some 50,000 jobs. [CDODev.Com]

Iligan to answer call of China steel plant's labor needs

ILIGAN CITY - Iligan City Lone District Representative Frederick Siao committed on Friday to mobilize his constituents for the provision of skilled and technical manpower needed for the $3.5 billion integrated steel plant Chinese investors intend to build near his district.

Panhua Group Co. Ltd. to invest $3.5 billion in Mindanao steel factory

MANILA - Trade Secretary Ramon Lopez said Panhua Group Co. Ltd., of China will set up a 305-hectare integrated steel manufacturing plant at the Phividec Industrial Estate of the Misamis Oriental-Special Economic Zone in Tagoloan, Misamis Oriental.

$3.5-B integrated steel mill soon to rise at Phividec

PANHUA Group, China's leading integrated steel producer and exporter to the US, is set to invest a total of $3.5-billion for an integrated steel mill inside Phividec Industrial Estate in Misamis Oriental.  The steel complex will manufacture steel products of various applications, complete with a modern port and a 300-hectare industrial park.