The firm seeks to invest in a steel mill in the country for the production of steel from the transformation of scrap metal.
The firm INICIA announced in a press release that it acquired all of Gerdau's shares in Gerdau Metaldom, Gerdau Diaco, Cyrgo and Kbina, through its investment fund focused on the construction materials industry.
With this investment, INICIA reaffirmed its commitment to society and the national economy, and announced its short- and medium-term aspirations to invest in a steel mill in the country for the production of steel from the transformation of scrap metal.
In the information provided, the firm expressed its gratitude for the partnership relationship maintained with Gerdau for more than nine years, highlighting the value generated as part of this relationship: “Together, we consolidated Metaldom's positioning and trajectory in the Dominican Republic and surpassed one million tons sold in the region with high-value steel products.”.
The document published in the media referred in detail to Metaldom's commitment and achievements in sustainability, including the growing consumption of clean energy, the utilization of generated waste, obtaining Environmental Product Declaration certification for corrugated rod, acquiring ISO certifications, implementing a talent management model validated by international and local benchmarks, and consolidating operations in the Duarte Industrial Park.
The statement highlights INICIA's aspirations for growth in the region's markets and to be considered "a benchmark for operational efficiency, economic value generation, and environmental and social responsibility.".
INICIA is a private asset management firm that operates in partnership with specialized managers focused on the North Latin America Region (NOLA), in order to generate long-term value for investors, partners and associates.
