Complejo Metalúrgico Dominicano, S. A. (METALDOM) is the largest steel manufacturer in the Dominican Republic, with an annual capacity of 1 million tons.

History

The company was founded in 1967.[1][2]

In October 2014, Metaldom merged with Industrias Nacionales (INCA), then a subsidiary of Gerdau, to form Gerdau Metaldom.[3] At that time, the company operated 3 plants with an annual capacity of 1 million tons of rolled products.[4] INCA was founded in 1947.[1] Gerdau had acquired a 30.45% stake in INCA in 2007 for $42 million.[5]

In 2016, the company opened a new steel plant to produce cut and bend wire rod steel for construction.[6]

In June 2022, the company dismantled its plant on the Malecón in Santo Domingo.[7]

In February 2024, Gerdau sold its 50% interest in the company to INICIA, which already owned the other 50% interest.[8][9]

References

  1. ^ a b "Our People". Metaldom.
  2. ^ Medrano, Nestor (October 12, 2013). "Metaldom celebrates 45 years of contributions to the country". Santo Domingo.
  3. ^ "Gerdau, Metaldom to combine Dominican Republic operations". BN Americas. September 8, 2014.
  4. ^ "Gerdau, Metaldom complete merger in Dominican Republic". BN Americas. October 16, 2014.
  5. ^ "Gerdau buys stake in Industrias Nacionales CA". Steel Orbis. May 30, 2007.
  6. ^ "Gerdau Metaldom opens Dominican Republic steel plant". BN Americas. July 25, 2016.
  7. ^ Vicioso, Dolores (June 13, 2022). "Metaldom begins dismantling the Malecón plant". DR1.
  8. ^ "Gerdau concludes sale of Metaldom to INICIA group". Steel Orbis. February 2, 2024.
  9. ^ "INICIA and Gerdau sign share acquisition agreement". Dominican Today. January 18, 2024.
Allikas: https://en.wikipedia.org/wiki/Metaldom
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