The Philippine steel manufacturer Stelasia Manoufacturing Corporation introduced an ambitious expansion plan worth almost 75 billion PHP ($ 1.31 billion), which almost doubled its production capacity by 2028. With the advent of new four factories in key provinces, the initiative emphasizes the role of the company in the role -playing role in the field of steel.
Mass investments in four provinces
The company invests in four main projects in the Philippines:
- PHP 30 billion (524.98 million dollars) Candelaria, which will work in the third quarter of 2027.
- . The plant, which is expected, will be commissioned in the second quarter of 2026 and will be the first production plant of the steel beam in the Philippines.
- PHP 17 billion ($ 297.47 million) for the construction of the concept of the concept, which is planned to work in the second quarter of 2028 and will concentrate on production of Rezanoria and wired rod. Build an electric arc furnace at the Davao plant.
These projects will conduct annual Stelasia performance to 4.8 million tons of 2.5 million tons, cementing their dominance in the local market. It is expected that new facilities will receive about 18,000 jobs.
the goals of green steel and sustainable development
. The introduction of EAF technology at the Davao plant will increase production while reducing carbon emissions. The chief operating director of Stelasia Rafael Idalgo emphasized that Stelasia sees “the ability to integrate back and create green steel”
