Phil Sinter allots P520M for modernization

Philippine Sinter Corp. (PSC), the only producer of sintered iron ore in the country, is investing P520 million to modernize its operations.

PSC is an industrial venture of Kawasaki Steel Corp. (KSC) of Japan.

PSC was incorporated on Dec. 10, 1974 and is registered with the Board of Investments (BOI) as a preferred pioneer enterprise. The company’s high quality self-fluxed sintered ore product has consistently been among the country’s top exports.

Its plant in Mindanao is the first and only one of its kind in the Philippines and is the only sinter plant in the world detached from an integrated steel mill complex.

Located within the Phividec Industrial Estate in Misamis Oriental, PSC’s sinter plant sprawls on a 150-hectare track of land, 25 kilometers north of Cagayan de Oro City.

High grade limestone, a material basic to sintering, is extracted from the huge deposits in Garcia-Hernandez town Bohol province and then shipped to the sinter plant.

PSC’s modernization project is expected to be completed in January 2006.

It will involve the replacement of pallets of the sintering machines, modernization of peripheral equipment and construction of the third burnt lime kiln with a capacity of 100 tons a day.

The total number of additional workers required is 173.

With the modernization of operations, incremental capacity is estimated at 700,000 metric tons per year.

Over the years, PSC has continuously harnessed KSC’s technical expertise at a programmed rate to ensure efficient transfer of technology.

The entire operation of the Sinter plant has been in the hands of Filipino engineers and artisans with minimum assistance from the Japanese technical staff.

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