 | This article needs additional citations for verification .(January 2019) |
| Iligan Steel Mill | |
|---|---|
 | |
 | |
| Built | 1952 |
| Operated | 1952–2009 |
| Location | Iligan, Philippines |
| Coordinates | 8°12′27.6″N124°12′38.4″E / 8.207667°N 124.210667°E |
| Industry | Steel |
| Area | 400 hectares (990 acres) |
| Owner(s) |
|
The Iligan Steel Mill was a steelworks in Iligan, Philippines. At one point during its operation, it was considered as the largest steel mill in Asia. [1]
The Iligan Steel Mill was established in 1952 as a government-initiated project of the National Shipyards and Steel Corporation (NASSCO). [2]
After NASSCO applied for a $62.3 million loan from the United States-based Eximbank to fund projects, the latter suggested a transfer of the facilities' management to the private entity. The company was sold in 1963 to Iligan Integrated Steel Mills, Inc. of the Jacinto family. [2]
In 1974, NASSCO assets were absorbed by newly incorporated National Steel Corporation. NSC was later acquired by Wing Tiek of the Malaysian Westmont Group in 1995. [2]
NSC was severely affected by the 1997 Asian financial crisis which caused it to be unable to counter the dumping of cheap imported steel in the Philippine market. In 2000, the government ordered for NSC's liquidation. [2]
The Iligan Steel Mill was acquired in 2004 by Ispat Industries Ltd of India. [1] The company faced financial and labor issues, which led to the facility's closure in 2009. [2]
The city government of Iligan has attempted to auction off the 400-hectare steel mill in 2016 but there were no interested bidders. [2] The properties associated with the steel mill were then forfeited to the Iligan city government. [1]
SteelAsia has offered to acquire NSC's steel mill in Iligan. [3] [4] The local government of Iligan is also attempting to reopen the defunct steel mill. [5]
The economy of the Philippines is an emerging market, a newly industrialized country and one of the most dynamic in the Asia-Pacific region. As a developing economy, the country is working towards achieving greater industrialization and economic growth. In 2023, the Philippine economy is estimated to be at ₱24.27 trillion, making it the world's 34th largest by nominal GDP and 14th largest in Asia according to the International Monetary Fund.
Lanao del Norte, officially the Province of Lanao del Norte, is a province in the Philippines located in the Northern Mindanao region. Its capital is Tubod.
Iligan, officially the City of Iligan, is a 1st class highly urbanized city in the region of Northern Mindanao, Philippines. According to the 2020 census, it has a population of 363,115 people.
Davao City, officially the City of Davao, is a highly urbanized city in the Davao Region, Philippines. The city has a total land area of 2,443.61 km2 (943.48 sq mi), making it the largest city in the Philippines in terms of land area. It is the third-most populous city in the Philippines after Quezon City and Manila, and the most populous in Mindanao. According to the 2020 census, it has a population of 1,776,949 people.
The Philippine Football Federation (PFF) is the governing body of association football in the Philippines. Established as the Philippine Amateur Football Association (PAFA) in 1907, the PFF is one of the oldest national football associations in Asia and is among the founding members of the Asian Football Confederation (AFC). The PAFA reorganized as the Philippine Football Association (PFA), and later as the Philippine Football Federation.
Globe Telecom, Inc., commonly shortened as Globe, is a major provider of telecommunications services in the Philippines. The company operates the largest mobile network in the Philippines and one of the largest fixed-line and broadband networks.
PLDT, Inc., formerly known as the Philippine Long Distance Telephone Company, is a Philippine telecommunications, internet and digital service company.
BDO Unibank, Inc., commonly known as Banco de Oro (BDO), is a Philippine banking company based in Mandaluyong. In terms of total assets, the firm is the largest bank in the Philippines and 15th largest in Southeast Asia as of March 31, 2016. BDO Unibank is also a member of SM Group. It is also the largest bank in the country by market capitalization.
SM Investments Corporation (SMIC), also known as SM Group, is a Filipino conglomerate with interests on various sectors, mostly on shopping mall development and management, retail, real estate development, banking, and tourism. Founded by Henry Sy, it has become one of the largest conglomerates in the Philippines, being the country's dominant player in retail with 208 stores nationwide. Of these, 47 are SM Department Stores; 38 are SM Supermarkets; 37 are SM Hypermarkets, and 86 are SaveMore branches.
The Rizal Commercial Banking Corporation, commonly known as RCBC, is one of the largest universal banks in the Philippines with total consolidated resources of Ph₱ 1.2 trillion. It was established in 1960 as a development bank and is licensed by the Bangko Sentral ng Pilipinas (BSP) for both commercial and investment banking. It is currently headquartered at RCBC Plaza in Makati, Metro Manila.
EastWest Bank, more formally known as East West Banking Corporation, is the eleventh largest bank in the Philippines in terms of assets. It was founded in 1994 in Manila by the late tycoon, Andrew Gotianun and his wife. It is a member of the Filinvest Group, led by the Gotianun family. Its headquarters is at The Beaufort, a condominium building by Filinvest in Bonifacio Global City.
Radio Mindanao Network, Inc. (RMN), d.b.a. RMN Networks or RMN Network, is a Filipino media company based in Makati, Philippines. It is primarily involved is one of the largest radio networks. Its corporate office is located at the 4th Floor State Condominium I Bldg, Salcedo St., Legaspi Village, Makati, and its main headquarters are located at the RMN Broadcast Center, Don Apolinario Velez St., Cagayan de Oro.
Philippine News Agency (PNA) is the official news agency of the Philippine government. PNA is under the supervision and control of the News and Information Bureau, an attached agency of the Presidential Communications Operations Office. It was established on March 1, 1973, by President Ferdinand Marcos, and currently has its headquarters in Quezon City.
The Manila Thermal Power Plant (MTPP) is a decommissioned power plant found on Isla de Provisor, in the Paco District of Manila, in the Philippines.
Ramón Pereyra Jacinto, best known by his initials RJ, is a Filipino businessman, musician and radio TV personality. He previously served as Undersecretary for Government Digital Broadcast Television and the Digitization of the Entertainment Industry Sector in Department of Information and Communications Technology. He is also the founder and chairman of Philippine rock-and-roll radio station DZRJ and the Rajah Broadcasting Network.
Monde Nissin Corporation is a Philippine food and beverage company with a portfolio of brands across instant noodles, biscuits, baked goods, culinary aids and alternative meat products categories, including Lucky Me!, SkyFlakes, Fita, M.Y. San Grahams and Nissin. Monde Nissin also sells its alternative meat products globally under Quorn Foods and the Quorn brand.
BusinessWorld is a business newspaper in the Philippines with a nationwide circulation of more than 117,000. Founded in 1967 as Business Day, it is Southeast Asia's first daily business newspaper.
Pramod Mittal is an Indian businessman who was the chairman of Ispat Industries Limited.
Baseco, also known as the Baseco Compound or Barangay 649, Zone 68, is a barangay in Port Area, Manila. It largely consists of Engineer's Island.
SteelAsia Manufacturing Corp. (SAMC), also known as SteelAsia, is a Philippine steel company based in Taguig, Metro Manila which is mainly a reinforcing steel bar producer.
  | This Philippine history-related article is a stub. You can help Wikipedia by expanding it. |
 | This article about an industrial corporation or company is a stub. You can help Wikipedia by expanding it. |
 | This metalworking article is a stub. You can help Wikipedia by expanding it. |