Steel Asia inaugurates new steel mill in Davao City

DAVAO CITY, Dec 4 (PIA) Steel Asia formally inaugurated its new plant in the region called the Davao Works Rolling Mill, the largest steel bar mill in the country in Barangay Bunawan, Davao City.

The inauguration ceremony was graced by Former Davao City Mayor Sara Duterte-Carpio, Secretary Gregory Domingo of the Department of Trade and Industry, Pilar Yao, owner of the firm and Benjamin Yao, chair of the Steel Asia.

Yao said his facility is the most modern steel bar mill, using a state-of-the-art technology.

He said the Davao Mill represents its investments in Mindanao and its interest of supporting the construction industry here.

Yao assured in providing quality steel products in the country.

“Locating a mill in Davao, Steel Asia eliminates shipping cost and will boost the construction activities in the city,” he said.

Yao said with the use of the best technology, the steel mill ensures quality standard and care for the environment.

Atty. Duterte-Carpio expressed pride for the operation of the new steel making facility in city.

She said that the steel mill will surely generate more employment not only in Davao City but also in Davao Region.

“We are certain that it will surely benefit most the consumers,” Duterte-Carpio said.

Secretary Domingo considered the facility a vital project for the country and for Mindanao.

He said its presence in Davao reduces the transportation cost.

Domingo said given other factors like the forecast on stable power source, and the peace working between the government and the Moro Islamic Liberation Front, the steel mill will push for a good result in the economic growth in Mindanao.

”Mindanao will become a competitive place to do business that will result for a growth in economy,” he said. (PIA 11-Joey Sem G. Dalumpines)