Fives’ new reheating furnace for SteelAsia in the Philippines to increase steel rebar output
Philippine’s’ SteelAsia Manufacturing Corp. (SteelAsia), one of the world’s largest rebar manufacturing companies, entrusted Fives with a contract for a new reheating furnace at its Meycauayan Works in the Philippines.
A new reheating furnace will replace an old furnace at Meycauayan Works with the aim to boost rebar production for the country’s infrastructure and housing developments. The new furnace will be a pusher furnace, in which products are pushed through a combustion chamber by several pushing machines. The furnace is fully fitted with high-efficiency side burners, and it has low operational costs due to simple mechanical maintenance.
The furnace will be designed and manufactured by Fives’ subsidiary in China, Fives Stein Metallurgical Technology (Shanghai) Co., Ltd. The contract includes engineering services, equipment supply and on-site supervision, with the first product expected in December 2016.
SteelAsia plans to double its annual rebar production capacity from the existing 2 million tons over the next years.