Gerdau Group begins to operate in Dominican Republic

The Gerdau Group formed a strategic alliance with steel products producer Industrias Nacionales, C. por A. (Inca)

The Gerdau Group formed a strategic alliance with steel products producer Industrias Nacionales, C. por A. (Inca) for US$ 42 million. This will give it a stake of 30.45% in the holding Multisteel Business Holdings Corp, which owns 98.57% of Inca. "This operation assures the entry of the Gerdau Group in a new steel consumer market that is in full expansion and is part of our growth strategies in the Americas," shares the company's CEO, André Gerdau Johannpeter. Inca is a long steel rolling mill, mostly for rebars. It also produces steel mesh, barbed and barbless galvanized wires, fences, nails and clamps, as well as PVC tubes and connections. It also imports flat rolled steel for manufacturing metal roofs, seamed tubes, bent profiles, and is a plate retailer. It's annual sales of steel products stands at 400,000 metric tons. This partnership will give to Inca new investments in steel production, access to technical and managerial assistance, as well as support in distribution, which are all factors that will contribute to the company improving their production and sales performance of steel products.
 
 
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