Filipino-owned Real Steel Corp. is investing P10.31 billion for a rolling mills operation in San Simon, Pampanga.
The project, which will produce 600,000 metric tons of reinforced steel bars per annum, also includes the introduction of a cutting-edge 16.8 megawatt-peak (MWp) rooftop solar photovoltaic (PV) system at its manufacturing facility which is set to be the largest rooftop solar PV system in the Philippines.
The company said this investment in renewable energy technology is anticipated to significantly reduce operational expenses for Real Steel while limiting its carbon footprint.
Real Steel will manufacture lower-carbon high-quality steel products for the local market.
The company recently freceived its certificate of endorsement from the Board of Investments under Executive Order No. 18 , an order that constitutes green lanes for strategic investments. for its operation of rolling mills.
“We are dedicated to spearheading sustainable practices within the steel industry,” said William Chen, chief finance officer of Real Steel Corp.
