Gerdau Metaldom opens Dominican Republic steel plant
Gerdau's subsidiary in the Dominican Republic, Gerdau Metaldom, opened a new plant to produce cut and bend wire rod steel for the construction sector.
The 120mn-peso (US$2.61mn) facility is the third plant in the Gerdau Metaldom metallurgical complex in capital city Santo Domingo. The new cut and bend unit has the capacity to supply exports markets in Central America and the Caribbean, as well as domestic needs, the company's CEO Carlos Valiente was quoted as saying by local news service CDN.
The metallurgical complex has an annual capacity of 1Mt of rolled products, which are primarily exported. Gerdau Metaldom also has a distribution center in Costa Rica. The subsidiary was created in 2014, when the Brazilian steelmaker's unit Industrias Nacionales merged with Dominican steelmaker Metaldom.
Based in Porto Alegre, Gerdau is Latin America's largest steel producer and the biggest long steelmaker in the Americas. It has over 45,000 employees and capacity of around 25Mt/y.
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