Sugbo News - PBBM LEADS OPENING OF COUNTRY’S LARGEST STEEL MILL IN COMPOSTELA

“Steel is the backbone of many industries. Many industries depend on steel for their further development,” Pres. Marcos said in his speech.

PBBM LEADS OPENING OF COUNTRY’S LARGEST STEEL MILL IN COMPOSTELA

July 9, 2024

COMPOSTELA, CEBU — President Ferdinand R. Marcos, Jr. led the inauguration, ribbon-cutting ceremony, and ceremonial start-up of industrial machines at the Compostela Works, Steel Asia Manufacturing Corporation’s (SAMC) newest, largest, and most modern steel mill facility in the country on Tuesday, July 9.

He was joined by Gov. Gwen Garcia and Compostela Mayor Felijur Quiño, as well as SAMC executives, led by their chairman and CEO Benjamin Yao. Department of Trade and Industry Secretary Alfredo Pascual and Special Assistant to the President for Investment and Economic Affairs Secretary Frederick Go were also present in this important event.

“Steel is the backbone of many industries. Many industries depend on steel for their further development,” Pres. Marcos said in his speech.

“We are now in the era of Bagong Pilipinas: a nation full of high hopes, an economy that promises a bright future, and the people driven by the burning passion to excel to succeed. Just like steel, we Filipinos are innately strong, resilient and indomitable,” the President added. Compostela Works has an annual production capacity of 1,000,000 tons of rebar. With the combined production of its 7 mills in the country, with one located in Carcar City, SAMC’s total production capacity now exceeds 3 million tons as it serves 70% of the rebars need in the country.

It sits on a 25-hectare site in Brgy. Poblacion and employs over 300 local workers. It is expected to generate at least 1,500 jobs around the community.

Gov. Garcia thanked SAMC leadership for their continued trust and confidence in Cebu by doubling down on their investments here.

“By deciding to put your faith in Cebu, to believe in the business environment that we have created for the private sector, for business to flourish, daghan kaayong salamat sa imong pagtuo sa Sugbo ug mga Sugboanon,” Gov. Garcia told her old friend Benjamin Yao in her speech.

The facility is equipped with state-of-the-art technology, including a modern rebar rolling line, high-speed production capabilities, and advanced quality control systems to ensure the production of high-grade steel products. | BJR

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GWEN REMINDS DPWH TO WORK WITH LGUs OVER 3 MAJOR INFRA PROJECTS - Gov. Gwen Garcia once again reminded the officials of the Department of Public Works and Highways (DPWH) in the region to work closely with local government units in the implementation of three upcoming major infrastructure projects aimed at alleviating traffic congestion in Metro Cebu.

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GAWAD KALINGA LOTS REAPPRAISED AT 9,800 PER SQM - The Home Development Mutual Fund or Pag-IBIG Fund has reappraised Capitol-owned lots in Brgy. Tunghaan, Minglanilla currently occupied by the Sugbo-Gawad Kalinga Village at P9,800 per square meter. (Alex Badayos)

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CONGRESSMAN RODANTE MARCOLETA VISITS GOV. GWEN GARCIA AT THE CAPITOL - Congressman Rodante Marcoleta visits Gov. Gwen Garcia at the Capitol today, August 7.

'WORLD CAT SHOW 2023' IN MANDAUE CITY - Mandaue City First Lady Sara Cortes, with representatives from World Cat Federation (WCF), told Gov. Gwen Garcia in a visit at the Capitol on Thursday that an international pool of judges will be covering over from Ukraine, Poland, and Ireland for the event which will be held at the Mandaue City Sports Center.

COURTESY CALL OF SWISS AMBASSADOR - The Ambassador of Switzerland to the Philippines Nicolas Bruhl paid a courtesy visit to Governor Gwen Garcia at the Capitol today, August 8.

FRASCO BREAKS GROUND ON P10M SOLAR-POWERED WATER SYSTEM IN CATMON - It was a joyous moment for residents of Barangay Tinabyonan in Catmon as their long-held dream of having a clean water source has become a reality.