Representatives of Ansteel, one of China’s largest state-owned steel manufacturing firms, recently visited Misamis Oriental and disclosed plans in putting up a giant steel mill at a 300-hectare area inside Phividec Industrial Estate with an initial capital of $3 billion.

In its official Facebook page, Governor Yevgeny “Bambi” Emano said the Chinese group is also planning to invest a cement factory which would require 50,000 workers. The group was accompanied by Mr. Robert Pizzaro, the President of Cagayan de Oro Chamber of Commerce and Industry, Inc. or Oro Chamber. Browse photos in the link below.

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