Inicia Buys Remaining Shares of Gerdau (METALDOM)

[NALs]

Grupo INICIA will buy the remaining shares from Gerdau, et al. It will become the sole owner of METALDOM. Here it doesn't say the amount, but other sources put the acquisition of shares at over US$300 million.

About METALDOM

- Sell more than a million ton.​

- 800 direct jobs​

- 2,400 indirect jobs​

- 2022 PUND "Igualando RD" for its intentional role in giving opportunities to women balancing the man/female employment and leadership.​

- "Incluye RD" for encouraging diversity and inclusion in the workforce.​

- "Mejor Lugar Para Trabajar" recognition as one of the best places to work for in the Dominican Republic.​

- 40% of the energy condumed by METALDOM is acheived through solar panels.​

- 87% of what they use in reheating ovens is natural gas.​

- 94% of METALDOM wastes are recicable and used again in the company.​

- The first company in the country to get "Declaración Ambiental del Producto" (aka, environmentally friendly product).​

Listín Diario; January 18, 2024

PS. I think DIACO is a company that functions in Colombia.

 

[AlterEgo]

Is the massive Metaldom facility on the malecon in SD still there, or has it been demolished? Have any plans for the land been made public? I remember when it was in the middle of nowhere.

 

[JD Jones]

Is the massive Metaldom facility on the malecon in SD still there, or has it been demolished? Have any plans for the land been made public? I remember when it was in the middle of nowhere.

Still there. That area was supposed to be converted to a park or something.

When it was all by itself back then there was no Nunez de Caceres, remember?

Whatever happened to them being bought by Estrella?

 

[Manuel01]

so, i hope they have finally time to dismantle their old production plant at the malecon.

 

[AlterEgo]

Still there. That area was supposed to be converted to a park or something.

When it was all by itself back then there was no Nunez de Caceres, remember?

Whatever happened to them being bought by Estrella?

A park?? That land must be worth a fortune, I thought for sure it would be high rise/residential with sea views.

Yep, no Nunez de Caceres, no Kennedy. Nothing much past the Feria Ganadera.

 

[Manuel01]

A park?? That land must be worth a fortune, I thought for sure it would be high rise/residential with sea views.

Yep, no Nunez de Caceres, no Kennedy. Nothing much past the Feria Ganadera.

I think that is so contaminated that nobody want's to touch it.

 

[AlterEgo]

I think that is so contaminated that nobody want's to touch it.

Good point