Metaldom begins dismantling the Malecón plant

[Dolores]

Gerdau Metaldom announced on Sunday, 12 June 2022 the start of the dismantling of the manufacturing plant on the Malecón. The company announced that the demolition will take 21 months and is part of the metalworks sustainability plan.

“We are evaluating different project options, from an in-house development or one to be carried out by a third party. The most important thing is that the city gain from this space and that it can be used for the good of the community, in line with the best environmental practices,” said the company in a statement sent to the media. The capital city government is investing in the renovating of the Malecón boulevard that is directly to the south of the Metaldom location.

The company assured that the work will be carried out during working hours, the work will handle decibels below the permitted levels and no explosives will be used in the dismantling.

Gerdau...

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[JD Jones]

Sad to see the old monster go. That is a huge amount of $$ real estate. On the other hand, who remembers what a PITA the trucks were when it was open?

Didn't I see an article here once not long ago about what they intend to do with that land?

 

[Riva_31]

Wondering what finally they are planning to do when finish.

 

[Big]

steal business is brutal, I used to follow the stock GGB, I think

 

[NALs]

steal business is brutal, I used to follow the stock GGB, I think

Yes, but basically Metaldom uis a monopoly. They control something like 95% of that DR sector. Almost all they make is from the DR since they export very little. It's rare to find a Dominican construction without using something from Metaldom regardless if it's residential, commercial or industrial.

 

[Big]

Yes, but basically Metaldom uis a monopoly. They control something like 95% of that DR sector. Almost all they make is from the DR since they export very little. It's rare to find a Dominican construction without using something from Metaldom regardless if it's residential, commercial or industrial.

$$$ if the plant is not profitable for the share holders it's going to get shuttered. That looks like what happened. Think Pittsburgh and Baltimore. Much of steel and metal production is outsourced. The big cheese is in specially treated metals

 

[JD Jones]

$$$ if the plant is not profitable for the share holders it's going to get shuttered. That looks like what happened. Think Pittsburgh and Baltimore. Much of steel and metal production is outsourced. The big cheese is in specially treated metals

They've opened new plants. The Malecon location was pretty ancient.

 

[NALs]

$$$ if the plant is not profitable for the share holders it's going to get shuttered. That looks like what happened. Think Pittsburgh and Baltimore. Much of steel and metal production is outsourced. The big cheese is in specially treated metals

Metaldom moved its operations to one of the Kilómetros exiting SD towards Bonao and I think another part in SDN close to the Ozama River.

Metaldom is a good money maker in the millions of dollars every year for the Vicini's and company.

 

[Big]

Metaldom moved its operations to one of the Kilómetros exiting SD towards Bonao and I think another part in SDN close to the Ozama River.

Metaldom is a good money maker in the millions of dollars every year for the Vicini's and company.

Ah, it's a publicly traded company

 

[NALs]

Ah, it's a publicly traded company

No, it's private like most Dominican companies big and small. But even the most private has shares and the owners of those shares get to see their financisl statements and such.

 

[Big]

No, it's private like most Dominican companies big and small. But even the most private has shares and the owners of those shares get to see their financisl statements and such.

The only thing I can imagine is that you don't know what a publicly traded company is. It trades on the NYSE

 

[NALs]

The only thing I can imagine is that you don't know what a publicly traded company is. It trades on the NYSE

Not Metaldom, Gerdau does and has been traded since before the partnership with Metaldom.

 

[Big]

Not Metaldom, Gerdau does and has been traded since before the partnership with Metaldom.

yea OK, they are a subsidiary of an empanada stand

 

[JD Jones]

yea OK, they are a subsidiary of an empanada stand

Pretty big empanada stand:

Putney

Capital Management

putney-capital.com

 

[Big]

Pretty big empanada stand:

Putney

Capital Management

putney-capital.com

Agree,. Massive company,. Not a local brand anymore, shareholder controlled was my point

 

[NALs]

yea OK, they are a subsidiary of an empanada stand

The funny part is that I have known of Metaldom for years before many expats here even knew it exist! Same with many other things!

 

[Big]

The funny part is that I have known of Metaldom for years before many expats here even knew it exist! Same with many other things!

pray tell why would any expat know (or care) of the existence of a steel plant here.

 

[bachata]

Maybe they should build another branch in Haiti, I think in Haiti construction materials are too expensive.

JJ

 

[AlterEgo]

pray tell why would any expat know (or care) of the existence of a steel plant here.

It’s massive and right on the malecon. You can’t miss it. It was one of the first landmarks I identified back in the day.

 

[NALs]

Maybe they should build another branch in Haiti, I think in Haiti construction materials are too expensive.

JJ

Exports are very limited to Haiti and some was made to Cuba too and a few other places in the Caribbean. The DR is where most of its products are made and sold.