Economy July 25, 2016 | 10:26 am

New RD$120M+ steel rod plant boosts construction industry

Santo Domingo.- Gerdau Metaldom recently inaugurated itsnew plant to cut and configure steel rods for construction, built at a cost of morethan RD$120 million.

Carlos Valiente, CEO of the plant built at DuarteIndustrial Park, said it will supply Dominican Republic’s market and all the ofCentral America and the Caribbean countries where it currently exports.

"We’re convinced that this new cutting and configuringplant will contribute to have a stronger sector and more competitiveconstruction, ensuring the quality required by our regulators and standards ofperformance," the executive said.

He said the plant provides the cut and configured rods to constructioncustomers with all bends and lengths required by the blueprints, reducing work time,eliminates wasted steel, bolsters workplace safety.

This investment is part of the multinational’s strategy tomake Gerdau Metaldom the leading steel company in the Central America and Caribbeanregion, where it currently exports to over 30 countries.