P8-billion steel plant to rise in Candelaria, Quezon

P8-billion steel plant to rise in Candelaria, Quezon




The province of Quezon has just been adjudged by the National Economic Development Authority (NEDA) as having the fastest economic growth in Calabarzon (Cavite, Laguna, Batangas, Rizal, Quezon) region.

And for that an P8-billion steel plant will rise in a 32 hectare property in Candelaria, Quezon.
The groundbreaking for the plant of Steel Asia was held at  Barangay Malabanban Sur. 
The second steel company of Steel Asia in the country with a P8 billion investment to rise in Malabanban Sur, in Candelaria, Quezon following the groundbreaking rites led by Benjamin Yao, CEO and chairman of Steel Asia (center), Quezon Governor David Suarez (5th from right), House Minority Floor Leader and Quezon 3rd district Representative Danilo Suarez (4th left), Mayor Macario Boonggaling (3rd from left) and other company and local officials, (photo from Manila Bulletin)

Quezon Gov. David Su­arez said the steel plant was the result of a chance meet­ing in December 2018 with Yao, whose family is from Lucban, Quezon.
The governor is hoping that could be the start of the industrialization in the Quezon province.
Benjamin Yao, Steel Asia CEO and chairman, the plant will be the first in the country to manufacture wire rods and wire mesh. He added that currently, the country imports wire rods needed in making paper clips, staple wires, and screws.
The Steel Asia CEO, assures that Steel Asia will hire more than 15,000 construction workers and office staff, and priority will be given to Quezon residents.
The plant “will create many business opportunities to support the operation. Itxxxxxxxxxxxxxs will be formed by Candelaria’s entrepre­neurs – whom one day maybe global exporters.” Yao added.
The plant is expected to be opera­tional in two years, Yao said.

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