Connect with us

Hi, what are you looking for?

Captain Of Success
Top Stories

Stock Markets

Philippine Sanjia Steel says its products are not  substandard

FREEPIK

PHILIPPINE Sanjia Steel Corp., a manufacturer and distributor of steel products, has denied allegations that it manufactures substandard steel products.

“Philippine Sanjia Steel Corp. categorically denies accusations that it produces substandard and non-conforming steel products, including rebars,” the company said in an e-mailed statement on Tuesday.  

It said that the Philippine Iron and Steel Institute (PISI), a nongovernment organization, in a recent press release, cautioned consumers against substandard reinforced steel bars (rebars) allegedly found in 16 hardware stores in Pampanga, Nueva Ecija, Tarlac, Pangasinan, La Union, Ilocos Sur, Ilocos Norte, Cagayan, Isabela, and Nueva Vizcaya.

“Among the producers of substandard rebars, the PISI press release identified the Philippine Sanjia Steel Corp. as one of them,” the company said.

The company said that its manufacturing plant is located in Tagoloan, Misamis Oriental.

It also said that its products have passed Philippine national standards testing by the Bureau of Philippine Standards of the Department of Trade and Industry.  

In a statement on Aug. 17, PISI said that 13 samples out of the 33 it bought from hardware stores last month failed to meet the minimum standard requirements for mass variation and elongation.  

“It is possible that the samples PISI bought in the Luzon provinces that were found to be substandard do not belong, or were not manufactured by Philippine Sanjia,” Philippine Sanjia Steel said.  

“While the samples may have the brand of Philippine Sanjia, the samples are certainly poor counterfeits of true or genuine products, if it is indeed true that they were tested and found to be substandard,” it added.

The company said it is willing to have its products tested again. — Justine Irish D. Tabile

    You May Also Like

    Stock Markets

    FREESTOCKS-UNSPLASH FINANCE Secretary Ralph G. Recto recently met with senior officials of streaming platform operator Netflix, Inc. to clarify the proposed value-added tax (VAT)...

    Stock Markets

    A snap from last year’s AmCham 6th Annual Energy Forum from Sept. 14, 2023: (from left to right) Yukiko Tsukamoto of Bain & Company,...

    Stock Markets

    FILIPINO rock band Eraserheads, composed of Ely Buendia, Raymund Marasigan, Buddy Zabala, and Marcus Adoro, received the Gawad Oblation from their alma mater, the...

    Finance

    Leaders of private schools are urging the Treasury to delay the introduction of VAT on school fees, warning that a January implementation could trigger...

    Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Captain Of Success. All Rights Reserved.