The Phividec Industrial Authority is now preparing for the construction of an integrated steel mill, which can generate up to 30,000 direct jobs, at the Phividec Industrial Estate in Misamis Oriental.
Phividec Administrator Jose Gabriel “Pompee” La Viña said his main mission at Phividec is to materialize the establishment of the integrated steel mill that would bring in 30,000 direct jobs with the multiplier effect of 70,000 more.
“It has gone through various steps and the previous administrator, Atty. Franklin Quijano, started the project. It has slowly moved forward but our target is to enter into a memorandum of understanding to really start the project,” he explained, adding “the purpose of this integrated steel mill is to locally produce steel here so that we don’t have to import.
La Viña expressed optimism that with the steel factory, the industries that depend on steel products would locate to the area like car manufacturers.
If materialized, this will be a game changer for the country for two reasons: one is the magnitude of the jobs created; and the other is it would bring many downstream industries like those using steel for roofing, bicycles, e-jeepneys, cars, ships, etc.
A total of 100,000 jobs can be created through the steel mill.
At the moment, he explained, there are issues being ironed out by Phividec with the two Chinese companies that had proposed to build the integrated steel mill in the area. Among the concerns include land ownership, size of area needed, rates and the timeline for the construction among others.
But La Viña is hopeful that these issues will be settled to the satisfaction of Phividec. SOVEREIGNPH