Tag: Phillipines

Chinese Giant HBIS Steel and SteelAsia signs MoU to set up a Steel Plant in Batangas

Sep 6, 2019

—

by

Aditi Tiwari

in HRC

According to the latest reports, Philippines’ largest steelmaker, SteelAsia Manufacturing Corp., has signed a memorandum of understanding (MOU) with China’s HBIS Group Limited for their first integrated iron and steel facility in Lemery, Batangas, Philippines. Under the MOU, SteelAsia and HBIS will invest around USD1 billion for phase one of the Lemery plant. The MoU…