Philippine steel mill

Philippine steel mill

MANILA (AFP): Philippine President Fidel Ramos and visiting
Singapore Prime Minister Goh Chok Tong announced yesterday
agreements on the building of a Philippine steel mill and a
polytechnic university.

Under one deal, Steelasia, a joint venture between Singaporean
and Philippine businesses, is to build a steel rolling mill on a
former garbage site, now developed into an industrial site, in
Manila.

The steel mill is due to be in operation by next year although
the cost of the project was not given. Steelasia, an affiliate of
Natsteel of Singapore, already has one rolling mill just outside
Manila.

Singapore-based Temasek Polytechnic also agreed to set up a 3.
4-million-dollar industrial training institute in the former US
Clark airbase in the Philippines, now being converted into an
industrial zone.

The Temasek-Clark Polytechnic is to provide training for
skilled workers in both Singapore and the Philippines, but
particularly for industries relocating to Clark.