China’s Panhua Group to build $3.5 bln steel mill in the Philippines

Chinese conglomerate Panhua Group is looking to invest $3.5 billion to build a steel mill in the Philippines, according to Philippine Economic Zone Authority deputy director general Theo Panga.

“Panhua Group will invest a total of $3.5 billion [in] an integrated steel plant... complete with a modern port and a 300-hectare industrial park,” Panga said.

The company did not confirm the planned output or products to the made at the...


Paul Lim

July 18, 2018

13:26 GMT