21
Nov
07:52
Panhua signs new Philippine steelworks memorandum
China’s Panhua Group has signed a new memorandum of understanding promising to build a steelworks in the Philippines. The latest agreement marks another revision from its previous investment plans, Kallanish notes.
Panhua’s latest MoU is to build a 10 million tonne/year integrated steelworks at the PHIVIDEC Industrial Estate in the Misamis Oriental Special Economic Zone. The project would cost some $3.5 billion and take around six or seven years to c…
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