MANILA -- SteelAsia Manufacturing will partner with China Baowu Steel Group to build a 108 billion Philippine peso ($1.98 billion) facility in the Philippines as the country revs up infrastructure spending.
Materials
Philippines' SteelAsia to build $2bn plant with China's Baowu
Project seen feeding country's infrastructure drive and 'spawning new industries'
SteelAsia anticipates demand for the new plant's output from the construction, auto and shipbuilding industries. © Reuters
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