BOI denies Chinese firm’s steel project application

The Board of Investments (BOI) has denied the application of Chinese firm Sanjia-Steel Corporation to invest P800 million for the production of reinforcing steel bars (rebars) using coreless electric furnace smelting technology because it will employ obsolete and pollution-causing technologies. In its July 18, 2019 meeting, the BOI Board “resolved to deny Philippine Sanjia-Steel Corporation’s…

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Russia: UGMK-OTsM develops new brand

UGMK-OTsM has developed a new brand and registered the Kirrooff trademark for the copper roofing produced at the Kirov Non-Ferrous Metals Processing Works. As a result of modernization the company is now able to produce copper roofing corresponding to more expensive foreign analogues, but at a competitive price. Under a strategic development plan UGMK-OTsM has…

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