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Department of Trade and Industry (DTI) Secretary Ramon Lopez and Puyat Steel Corporation chairman Edgardo Reyes are looking to expand the country’s steel manufacturing base as a way to answer the country’s growing demand for steel products and reduce the trade deficit through import substitution. During the meeting with DTI, Reyes reported that Puyat Steel […]
More than 30 South Korean companies will build a farm equipment and machinery assembly plant in the Philippines next year, in line with the government’s aggressive mechanization program that aims to boost farm productivity. “The assembly plant is expected to be operational by late 2019 and will later be converted into a manufacturing facility.” “The […]