SteelAsia Manufacturing Corp. said Wednesday it awarded the engineering, procurement and construction management (EPCM) contract to China’s MCC Huatian Engineering & Technology Co. Ltd., for the construction of its P30-billion steel facility in Candelaria, Quezon.
The plant, up for commercial operations by 2027, is projected to save the country $1.2 billion in steel imports annually.
“We will create around 7,000 jobs instead of giving jobs to China, Vietnam, Thailand, Korea and Japan, our major suppliers. Our carbon footprint will also be 90-percent lower than the traditional steelmaking process because we use recycled scrap metal and employ electric arc furnace technology,” said SteelAsia chief executive Benjamin Yao.
Utilizing cutting-edge European steel technology, the heavy sections plant will produce over a million tons of structural steel annually, including H-beams, I-beams, angles, channels, sheet piles, plates and other heavy profiles.
Project delivery timelines are expected to improve significantly, with lead times decreasing from three to four months for imports to one to week weeks once the Candelaria plant is operational.
“This is a game changer initially for the construction and infrastructure sector since this means quicker project completion and lower costs,” Yao said, emphasizing the company’s commitment to producing the best steel products.
MCC Huatian, a global leader in steel plant construction with extensive experience, built over 230 steel plants worldwide, boasting a total installed capacity exceeding 200 million tons across 14 countries.
