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.