DMCI builds new steel plant
THE CONSTRUCTION arm of
Consunji-led engineering conglomerate DMCI Holdings has invested P900 million
in a new state-of-the-art steel fabrication plant in Calaca, Batangas – the
first new steel plant built in the country in nearly four decades.
The high-capacity steel
fabrication plant near the group’s power plant in Calaca can produce 2,000 to
3,000 tons of fabricated steel per month. The steel plant has the capacity to
fabricate heavy steel sections for power plants, infrastructure and steel
vertical structures.
The steel plant was
built to complement the construction group’s operations. For now, it supplies
the requirements of the DMCI group but plans are underway to secure sales
contracts with other industrial and construction companies, DM Consunji Inc.
said in a press statement.
“The idea to set up a steel
fabrication facility came about in April 2013. We did market and business case
studies for a couple of months before breaking ground in November 2014,” said
DMCI president Jorge Consunji.
“Right now, we are
completing the ancillary building structures while our fabrication operations
are on-going,” he added.
Since it began
operations, the facility has generated employment for over 240 people, most of
whom are from the province of Batangas.
The facility uses
machine tool technology from Peddinghaus Corp. and Voortman Steel Machinery.
Both are globally acknowledged suppliers of innovative machine tool technology
for structural steel and plate fabrication, the construction company said.
The Consunji group
sources raw materials from the steel plant from South Korea, Japan and China.
The last known
high-capacity steel fabrication plant in the Philippines was established in the
1980s.
Read more: http://business.inquirer.net/209151/dmci-builds-new-steel-plant#ixzz4IEmWLcLU
