DBP inspects SteelAsia rolling mill as Bank eyes new financing deal

State-owned Development Bank of the Philippines (DBP) President and CEO, Emmanuel G. Herbosa (right) and SteelAsia Manufacturing Corporation (SteelAsia) President, Benjamin Yao, confer with each other during a site visit of the firm’s Calaca Meltshop and Rolling Mill in Calaca, Batangas as part of the Bank’s exploratory efforts on a possible new financing deal with the company.

In 2020, the Bank was the sole lender of the P8.3-billion rolling mill project of the CompostelaSteel, Inc. – a subsidiary of SteelAsia, which is considered as the biggest steel-making facility in the Philippines.

 Link sources: 

Manila Bulletin: https://mb.com.ph/2022/11/29/dbp-inspects-steelasia-rolling-mill-as-bank-eyes-new-financing-deal/?utm_source=rss&utm_medium=rss&utm_campaign=dbp-inspects-steelasia-rolling-mill-as-bank-eyes-new-financing-deal

DBP: https://www.dbp.ph/newsroom/dbp-inspects-steelasia-rolling-mill-as-bank-eyes-new-financing-deal/