Another Chinese firm is planning to put up an P800 million steel manufacturing plant in Tagoloan, Misamis Oriental. PHILIPPINE SANJIA STEEL CORPORATION, which is engaged in the processing of raw materials into steel products including construction steel, industrial steel, angle iron and beam channel products, is eyeing a 47-hectare area in Barangay Baluarte, of which 22.6 hectares is within Phividec Industrial Estate.

Shown below is the signing of the Memorandum of Understanding (MOU) between Phividec Industrial Authority (PIA) and Sanjia Group for the 22.6-hectare area within Phividec Industrial Estate.

photo by Phividec Philippine Industrial Authority

PHIVIDEC Industrial Authority Administrator and CEO Atty. Franklin M. Quijano led the MOU signing and witnessed by Sanjia executives and other Phividec officials.

photo by Maria Juana
photo by Phividec Philippine Industrial Authority
photo by Phividec Philippine Industrial Authority

Here’s a brief background on the project.

photo by Maria Juana

By the way, Sanjia is different from Panhua. Accordingly, Panhua is the Integrated Steel Mill which produces steel slabs. Sanjia meanwhile, processes the slabs into steel beams.

Read our related posts about Panhua below.

PROJECT WATCH: China’s Panhua Group, Phividec, PEZA sign MOU on integrated steel mill complex; investment to generate 50,000 jobs

PROJECT WATCH: Panhua Group to put up $3.5 B integrated steel mill at Phividec

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