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PIA Press Release
2007/10/08

Tagalog News: Ispat Industries Ltd. may panibagong puhunan sa bansa

Manila (8 October) -- Ayon kay Pangulong Gloria Macapagal Arroyo ang planong $1.6 bilyon na panibagong puhunan ng Ispat Industries Ltd. na pagmamay-ari ng Global Steelworks Philippines ang pinakamalaking single Indian investment sa Pilipinas.

Ayon sa Pangulo, dahil sa pagkakaroon ng highly conductive investment climate sa Pilipinas, napagdesisyunan ng Global Steelworks na maging bahagi ng billion-dollar investments ng America's Texas Instruments at EAS, Hanjin Industries ng Korea at Marubeni Corporation sa Japan.

Inihayag naman ni Ispat Industries Managing Director Vinod Mittal na ang kanilang kompanya ay nagbabalak na magtayo ng panibagong steel plant sa southern Philippines kasabay ng positibong takbo ng itinayo nitong steel mill sa Iligan City na kasalukuyang pinapamahalaan ng National Steel Corporation. (Lgtomas/PIA 12) [top]

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