Acerías Paz del Río, the emblematic Colombian steel company that this year celebrates 75 years of operations, is inaugurating its president. Is about Fabio Galán Sánchez, lawyer from the Javeriana University, with specializations in Law
of the same University and in Private Law from the University
Nacional, and who has been linked to the company for two decades.
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The company was created in 1948 under the name “Empresa Siderúrgica Nacional de Paz de Río”, but its full production began in 1954, from then on it was renamed Acerías Paz del Río, SA In 2007 the Brazilian business group Votorantim acquired 51.1 percent of the company’s shares and Since mid-January of the year, the company returned to Colombian hands when the firm Trinity Capital and Structure Banca de Inversión acquired its majority shareholding through a public offering of shares (takeover bid)..
In that first year of operations at Paz del Río, under the control of Grupo Trinity, the company had a production of 384,000 tons of steel, equivalent to about 23 percent of national manufacturing, and record sales for more than 1, 6 billion pesos.
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Galán Sánchez served as president in charge, but as of this Friday he assumes ownership. The new president has been linked to PazdelRío for the last twenty years and Before assuming the reins of the company, he held different management positions within it, including the legal vice-presidency, the general secretary and the legal department.
The manager also has studies in Economic Integration from the Carlos III and Complutense Universities of Madrid, Spain, in addition to the INALDE Management Development program in 2022.
“We are convinced that the presidency of the company remains in the hands of a leader
integrity that will see to the execution of the vision of the centenary Paz del Río that we have
built and in which Our main purpose is to guarantee the durability of the
company and the generation of comprehensive value for the benefit of Boyaca and the country”, assured
Omar González Pardo, president of the Board of Directors of the steel company.
