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Groundbreaking in March for Baowu Integrated Steel Plant in Philippines

Steel News - Published on Tue, 21 Jan 2020

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Philippines Government’s Phividec Industrial Administration announced that the groundbreaking for the USD 4-billion Huili Baowu CISDI Integrated Steel Mill in Misamis Oriental is scheduled in March this year. PIA chief Mr Franklin Quijano said "Preparations for the groundbreaking event are now taking shape in coordination with various stakeholders and partners of the project.”

This steel project includes China’s three leading companies Huili Fund, Baowu Steel Group Corporation Ltd and China Metallurgical Group Corporation’s subsidiary CISDI Group Co Ltd. China Baowu astechnical partner will operate the steel mill. CISDI shall design the steel mill. And A Brown Company Inc’s subsidiary, Simple Homes Development, Inc, is partnering with Huili Fund for the land lease with option to purchase the 600-hectare property at the Phividec Industrial Estates.

Misamis Oriental is a province located in the region of Northern Mindanao in the Philippines. Its capital and provincial center is the city of Cagayan de Oro, which is governed independently from the province.

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Posted By : Rabi Wangkhem on Tue, 21 Jan 2020
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