Consul General Ivan Frank Olea Visits Chairman Li Xinghua of Panhua Group

6 March 2025, Chongqing - Philippine Consul General Ivan Frank Olea visited Panhua Group Chairman Mr. Li Xinghua at their company’s steel plant in Fuling District. Consul General Olea was given a tour of the massive steel sheet factory which exports its products to many countries in the world, and was informed that the planned investment in a steel manufacturing plant in Maasin, Sarangani Province would be several times bigger and will be the first comprehensive steel plant in the Philippines.  

The first phase of the steel manufacturing plant in Maasin is scheduled to start in the 2nd QTR of this year and would employ about 6,000 Filipino workers. By the end of the 2nd phase of construction, the manufacturing plant would employ an estimated 20,000 Filipino workers. At the end of the 3rd and final phase, the plant is projected to produce about 10 million tons of steel products a year.     

Chairman Li sees many investment opportunities in the Philippines and has taken the initiative to encourage Chinese enterprises to invest in the country. END.