Month: August 2016

GERDAU METALDOM RATINGS INCREASE TO “A(DOM) WITH “STABLE”

GERDAU METALDOM RATINGS INCREASE TO “A(DOM) WITH “STABLE” PROJECTION

FITCH RATINGS increased the long-term national rating for Gerdau Metaldom, S.A from A-(dom) to “A(dom)  with “Stable”  projections, and confirmed the short-term ratings under “F1(dom)”.

As explained by the agency, the grading shares create process-derived synergies, by combining the operations of Gerdau Metaldom with those of the Complejo Metalúrgido Dominicano, S.A (Metaldom) effective the final quarter of 2014.

“That and the higher levels reached prevailed around a more efficient cost structure, which thus allows to strengthen the operational generation capacity and the company’s position to face a challenging environment of low-price cycles, and competitive pressure within fair trade practices”, Fitch added.

Likewise, the scores incorporate a conservative capital structure and its expectations to prevail. In compensation, Fitch noted that these are limited by the cycle nature of the business in which the company partakes, competitive pressure by imported products and the limited geographic expansion of its operation.

SOLID COMPETITIVE POSITION

As exposed by Fitch, Gerdau Metaldom strengthened its competitive position effective the moment it merged its operations with Metaldom. The integrated corporation rendered a setup capacity of 1.2million metric tonnes, which allows to cover close to 80% of the national demand.

Despite that, it reported adverse market conditions, resulting from competitive pressure on behalf of imported products from China and Europe at lower prices, thus limiting its exports, geographic expansion and use of its setup capacity. The company exports to the Caribbean nations, where it has competitive advantages because of its geographic location and capacity to offer retail volume demanded by these markets.

SOURCE: http://www.argentarium.com


About Gerdau Metaldom:

It is the first multinational company in the steelworks sector of the Dominican Republic, with important market share in several Central American and Caribbean countries, such as Costa Rica, Puerto Rico, Haiti, Jamaica and others.

The company hosts three facilities in Santo Domingo, with a setup capacity of one million metric tonnes for lamination of steel bars. It produces bars -long and flat- for the civil construction, industrial, agribusiness sectors, and operates in PVC and metallic products.

About INICIA:

INICIA is a private asset management firm that operates through partnerships with unique managers focused on the Northern Latin American Region to capture long-term value for investors, clients, partners and associates.

GERDAU METALDOM AND INTEC WILL TEACH ABOUT CONSTRUCTION MATERIAL RESISTANCE

GERDAU METALDOM AND INTEC WILL TEACH ABOUT CONSTRUCTION MATERIAL RESISTANCE

Gerdau Metaldom and the Instituto Tecnológico de Santo Domingo (INTEC) will implement different academic activities aimed at raising the level of knowledge of professionals in different areas in resistance issues of civil construction materials.

It was formally underwritten in the agreement signed by the CEO of Gerday Metaldom, Carlos Valiente Fernández, and the Provost of Intec, Rolando M. Guzmán, where both organizations expressed their interest in developing joint research programs, as well as coordination of seminars, special courses and workshops, asides an exchange of academic literature.

Likewise, scholarship and internship program opportunities will be developed for INTEC alumni, as well as joint publications and academic visits for all Grad, Post-Grad and Continued Education students, among other scientific paraphernalia.

This cooperation, will comprise several areas, using cultural diffusion as its starting point, and also extending services to all those fields of reciprocal interest, taking into account the rational use of the available resources.

About Gerdau Metaldom: It is the first multinational company in the steelworks sector of the Dominican Republic, with important market share in several Central American and Caribbean countries, such as Costa Rica, Puerto Rico, Haiti, Jamaica and others.

Currently, the company hosts three facilities in Santo Domingo, with a setup capacity of one million metric tonnes for lamination of steel bars. It produces bars -long and flat- for the civil construction, industrial, agribusiness sectors, and operates in PVC and metallic products.

About INTEC:

Higher learning entity of the Dominican Republic; a non-profit academic organization, founded in 1972 by a group of scholars committed to the social transformation of the country, and the continuous promotion of quality of life in its inhabitants. Known for its avant-garde methods, innovation and academic offer in the fields of Engineering, Business, Health Sciences, Basic and Environmental Science, and Humanities.

SOURCE: http://elnuevodiario.com.do


About Gerdau Metaldom:

It is the first multinational company in the steelworks sector of the Dominican Republic, with important market share in several Central American and Caribbean countries, such as Costa Rica, Puerto Rico, Haiti, Jamaica and others.

The company hosts three facilities in Santo Domingo, with a setup capacity of one million metric tonnes for lamination of steel bars. It produces bars -long and flat- for the civil construction, industrial, agribusiness sectors, and operates in PVC and metallic products.

About INICIA:

INICIA is a private asset management firm that operates through partnerships with unique managers focused on the Northern Latin American Region to capture long-term value for investors, clients, partners and associates.

GERDAU METALDOM AND INTEC WILL TRAIN IN CONSTRUCTION MATERIAL RESISTANCE

GERDAU METALDOM AND INTEC WILL TRAIN IN CONSTRUCTION MATERIAL RESISTANCE

SANTO DOMINGO, Dominican Republic.- Gerdau Metaldom and the Santo Domingo Technology Institute (INTEC), will develop a series of activities and programs, aimed to increasing the knowledge of professionals from different fields in the topic of material resistance in civil construction.

So was contemplated within the framework agreement underwritten by the CEO for Gerdau Metaldom, Carlos Valiente Fernández, and the Provost to INTEC, Rolando Guzmán, an agreement where both organizations expressed their interest in joint cooperation towards developing these programs, seminars, workshops and courses, asides an exchange of academic literature.

Likewise, scholarship and internship program opportunities will be developed for INTEC alumni, as well as joint publications and academic visits for all Grad, Post-Grad and Continued Education students, among other scientific paraphernalia.

This cooperation, will comprise several areas, using cultural diffusion as its starting point, and also extending services to all those fields of reciprocal interest, taking into account the rational use of the available resources.

SOURCE: http://acento.com.do/


About Gerdau Metaldom:

It is the first multinational company in the steelworks sector of the Dominican Republic, with important market share in several Central American and Caribbean countries, such as Costa Rica, Puerto Rico, Haiti, Jamaica and others.

The company hosts three facilities in Santo Domingo, with a setup capacity of one million metric tonnes for lamination of steel bars. It produces bars -long and flat- for the civil construction, industrial, agribusiness sectors, and operates in PVC and metallic products.

About INICIA:

INICIA is a private asset management firm that operates through partnerships with unique managers focused on the Northern Latin American Region to capture long-term value for investors, clients, partners and associates.

GERDAU METALDOM AND INTEC WILL TRAIN IN CONSTRUCTION MATERIAL RE

GERDAU METALDOM AND INTEC WILL DEVELOP PROGRAM ON RESISTENT MATERIALS IN CONSTRUCTION

GERDAU METALDOM and the Santo Domingo Technology Institute (INTEC) will host several academic activities aimed to increase the knowledge level of professionals in different fields, in the areas of material resistance in civil construction.

It was formally underwritten in the agreement signed by the CEO of Gerday Metaldom, Carlos Valiente Fernández, and the Provost of Intec, Rolando M. Guzmán, where both organizations expressed their interest in developing joint research programs, as well as coordination of seminars, special courses and workshops, asides an exchange of academic literature.

Likewise, scholarship and internship program opportunities will be developed for INTEC alumni, as well as joint publications and academic visits for all Grad, Post-Grad and Continued Education students, among other scientific paraphernalia.

This cooperation, will comprise several areas, using cultural diffusion as its starting point, and also extending services to all those fields of reciprocal interest, taking into account the rational use of the available resources.

About Gerdau Metaldom: It is the first multinational company in the steelworks sector of the Dominican Republic, with important market share in several Central American and Caribbean countries, such as Costa Rica, Puerto Rico, Haiti, Jamaica and others. The company hosts three facilities in Santo Domingo.

SOURCE: http://hoy.com.do


About Gerdau Metaldom:

It is the first multinational company in the steelworks sector of the Dominican Republic, with important market share in several Central American and Caribbean countries, such as Costa Rica, Puerto Rico, Haiti, Jamaica and others.

The company hosts three facilities in Santo Domingo, with a setup capacity of one million metric tonnes for lamination of steel bars. It produces bars -long and flat- for the civil construction, industrial, agribusiness sectors, and operates in PVC and metallic products.

About INICIA:

INICIA is a private asset management firm that operates through partnerships with unique managers focused on the Northern Latin American Region to capture long-term value for investors, clients, partners and associates.

A SOCCER TOURNAMENT FEAT 332 KIDS AND TEENS BY CAEI

A SOCCER TOURNAMENT FEAT. 332 KIDS AND TEENS BY CAEI

SAN PEDRO DE MACORIS.- As a way to promote healthy recreation and sports development, CAEI began its traditional soccer tournament, featuring 332 kids and teens distributed among 18  three category teams. The inaugural act took place in the Nuevo Cayacoa soccer field, and was dedicated to the former manager at CAEI, Guadalupe Bello.

The tournament will feature 18 teams representing the Laura, San Felipe, Contador and Nuevo Cayacoa communities. Each community features sub-teams, segmented per age and gender.

Nuevo Cayacoa features three male teams, ages 11, 15 and 20, as well as a female team for players age 15. Meanwhile, Contador features three male teams, of all three age levels and two female teams, ages 11 and 15. San Felipe features three male teams and a female team with 15yr old players. Meanwhile, Laura only features all-male teams and a female team in the 11yr and 15yr age category.

All around, 210 boys, 80 age 11, 75 age 15 and 55 age 20 will play. Among the girls, a total of 122, of which, the majority, some 82, are 15yrs old, while 40 players are in the age 11 category.

The prayer during the inaugural ceremony was led by Juan Peña, whilst the sportsman oath was led by leading player Jacqueline Dolsu.

The launch kick was done by Aníbal García, from the Angelina Neighbors Council, who served as goalee, while the kicker was Salvador Lora, head of Front #3 of the CAEI Harvest. Dario Rodríguez, Community Relations Manager, expresses that the healthy recreational development of the children and teens in the communities is positive by channeling their energy into sports.

CAEI is a company managed under the assets portfolio by Putney Capital Management, partner of INICIA.

SOURCE: http://www.cocnoticias.com/


About CAEI:

CAEI is a company in the Energy and Industry portfolio of assets administered by INICIA, a private asset management firm.

The Vicini family has invested in different economic sectors in the Dominican Republic for over 140 years. INICIA is one of the companies that has contributed significantly to the development and industrialization of the country.

About INICIA:

INICIA is a private asset management firm that operates through partnerships with unique managers focused on the Northern Latin American Region to capture long-term value for investors, clients, partners and associates.

CAEI DISTINGUISHES FORMER MANAGER IN SPM

CAEI DISTINGUISHES FORMER MANAGER IN SPM

SPM.- CAEI honored Mr. Guadalupe Bello, for her 40+ years working in the mill and who also served as administrator to CAEI.

Guadalupe Bello entered the mill on April 1st 1975, as a weigher of sugar cane in Atilano II. Having graduated from high school and in typing, he was then transferred to the post of cane liquidator. After 29 years of labor in different areas and positions, on June 4th 2004, he was promoted to Administrator of CAEI in San Cristóbal, a position he held until recently for his retirement.

The ceremony took place in the Training Room of the Ingenio Cristóbal Colón. It was headed by the Executive VP of CAEI, Alberto Potes, as well as by Campos De Moya, VP of Communication and Government Relations of INICIA, and Mrs. Yndiana Peña, HRM VP of INICIA. Among the attendees were directors and company managers.

SOURCE: http://www.lainformacion.com.do


About CAEI:

CAEI is a company in the Energy and Industry portfolio of assets administered by INICIA, a private asset management firm.

The Vicini family has invested in different economic sectors in the Dominican Republic for over 140 years. INICIA is one of the companies that has contributed significantly to the development and industrialization of the country.

About INICIA:

INICIA is a private asset management firm that operates through partnerships with unique managers focused on the Northern Latin American Region to capture long-term value for investors, clients, partners and associates.