SteelAsia Manufacturing Corp. will shortly resume the construction of its Lemery plant in Batangas which was temporarily suspended due to the Covid-19 lockdown.
SteelAsia president Benjamin Yao, in a recent statement said the “Lemery Works steel plant is of national significance as it will reduce our reliance on imports for important steel products needed for the government’s ambitious infrastructure program.”
The Lemery plant will be the country’s first steel beam manufacturing facility, with a capacity of producing 1.1 million tons of steel products annually. It will have two production lines, one for steelmaking and the other for steel section rolling.
As the country’s largest steel manufacturing facility, it will produce steel products used in infrastructure and heavy construction such as H-beam and I-beam steel, sheet piles, heavy angles and channels. Currently, the country imports these steel products.
SteelAsia targets to commence the operation of the Lemery facility by 2023, generating 1,500 direct jobs. It will also recycle steel scrap for exports.
“When you export and process our resources abroad, it is creating jobs in another country. With this new plant, we will recycle our steel scrap here and generate local jobs,” Yao pointed out,
SteelAsia has manufacturing facilities in, Cebu, Misamis Oriental, Davao, Batangas, and Bulacan It also has other projects in Compostela in Cebu, Quezon and Tarlac.