Davao City serves as the main trade, commerce, and industry hub of Mindanao and is also one of the financial hubs of Mindanao. Phoenix Petroleum is a multinational oil company based here iss the first company to be in the PSE Composite Index outside Metro Manila. Industrial plants such as those of Coca-Cola Bottlers, Phil., Pepsi-Cola Products, Phil., Interbev Phil Inc. and RC Cola Phil., companies located in the city, as well as fruit packaging-exporting facilities, food manufacturing plants and a very huge number of business establishments ring the city. There are also construction industrial plants such as those of Holcim Philippines and Union Galvasteel Corporation, and SteelAsia. Then SteelAsia is now the largest and most modern steel rolling mill production facility in the country, completed in December 2014 and was purposely built to increase the national steel production and to reduce the construction costs in Mindanao.