NEWS

By Raffy Ayeng | Daily Tribune | May 25, 2024 12:20AM

He said the exports started when they ‘reaped satisfied and happy customers’ after their products were used for the construction of the Cebu-Cordova Bridge here in the province.

SteelAsia / Facebook

COMPOSTELA, Cebu — SteelAsia plans to expand its export of its produce such as rebars.

“The demand remains high, that is why we are serious in our exportation efforts. But we’ve had the chance to export. I think we’ve had 6 shipments already to the Canadian Subway System,” Rafael Hidalgo, senior vice president for Business Development of Steel Asia, told members of the media during a plant tour on Thursday in Compostela, Cebu.

Hidalgo said that SteelAsia had exported around 35,000 tons of rebars steel or P300 million per order.

He said the exports started when they “reaped satisfied and happy customers” after their products were used for the construction of the Cebu-Cordova Bridge here in the province.

“Even this year, we already had four shipments to Canada. We also had shipments in the past years and the contractor was ACCIONA, which is also the contractor for the Vancouver, Canada, South Coast region,” he added.

Key project

The Cebu–Cordova Link Expressway, also known as the Cebu–Cordova Bridge is an 8.9-kilometer (5.5 miles) toll bridge expressway in Metro Cebu, Philippines.

The bridge connects the South Road Properties in Cebu City in mainland Cebu, and Cordova, on Mactan island.

Earlier, SteelAsia revealed that it had secured a P8.3-billion loan from the Government Service Insurance System, the Development Bank of the Philippines and the Philippine Business Bank to complete its P18-billion steel section mill in Lemery, Batangas.

Source: Daily Tribune

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