A TRAJECTORY OF REINVENTION AND RESILIENCE
Our story began with the bold and visionary decision of Mr. Manuel Diez Méndez to turn the emerging plastics industry of the 50’s into a trend for massive use, thus creating a legacy that has transcended and steadily evolved to become what diesco is today: the conglomerate that has steadily grown and expanded the most in its field in the region.
Explore our timeline and find out more about diesco’s evolution throughout the years — its growth and the key moments that have forever changed the habits and trends of the markets we work with.
If you want to embark on a journey throughout our trajectory of over 60 years in just a few minutes, we invite you to watch this video.
Manuel Diez Méndez (Don Manolo) circa 1959
1957
Manuel diez méndez, “don manolo”, decides to create his own company in order to change the perspective on plastic use in the dominican republic, and creates industrias petroquimica dominicana, cxa
Polyplas Dominicana Offices - 1969
1966
Polyplas Dominicana begins its operations and is established as a second company inside industria petroquímica, changing the world of plastic packaging and offering a wide portfolio of plastic products to improve the access to edible goods.
Extrusion foam sheets (Termopac)
1978
Termopac Industrial is created. it is the last company created by don Manolo, introducing disposable goods in the Dominican Republic.
SOME PRODUCTS FROM POLYPLAS DOMINICANA IN THE 80S
Don Manolo and Manuel Diez Cabral circa 1989
1983
Termopac becomes a pioneer by introducing foam packaging, creating new trends in the market and laying the ground for the development of home delivery services in the country.
Policarbonate Botlles
1992
Polyplas revolutionizes the use of drinking water by introducing plastic water jugs, replacing the ones made of glass and making this staple product cheaper and safer.
1995
Don Manolo signs and agreement of succession for the five companies at industrias petroquímica with his two oldest sons. manuel diez cabral stays in charge of the ones specialized in packaging, polyplas, termopac, moldeo and comex — the two latest will then be merged with polyplas and termopac.
Manuel, thinking ahead, establishes the key strategy to expand polyplas and termopac: in three key words, consolidation, modernization and internalization
1996
A strategic alliance is signed with Reid Plastics, the leading plastics company in the Caribbean and the United States, to manufacture and sell bottles and water jugs made of polycarbonate in the Caribbean.
Termopac introduces Clear Trays (Transparent Containers) for the first time in the Dominican Republic.
Sign agreement with Reid Plastics – 1996
Purchase of the first Nissei (PET bottle blower)
1997
Polyplas again leads the way by introducing pet containers, which allows the bottling of all kinds of beverages in materials that are much more effective, greener and healthier than the traditional containers made of glass and pvc.
Exportations keep growing exponentially as a strategic expansion of the market, by implementing a sagaz strategy in regional sales.
Polyplas internacional settles in puerto rico, and the distribution of polyplas dominicana products quickly grows in said island.
1999
Polyplas becomes a leader in innovation, due to its constant introduction of new products: medicine bottles and water jug caps.
TRIP THROUGH THE CARIBBEAN (EXPORT MARKET) DEVELOPMENT)
Diesco Launching
2000
Diesco is created as a group and corporative headquarter for the three existing companies: Polyplas Dominicana, Termopac Industrial and Polyplas Internacional, merging into one cohesive company.
2001
Polyplas becomes a pioneer in the fabrication of Preformas Plásticas in the Dominican Republic.
Termopac is awarded by Adoexpo for being the “Industrial Exporter of the Year”.
2003
Due to the success of the work in Puerto Rico, the company acquires PAC TECH INTERNATIONAL and a facility for the fabrication and sale of packaging products is created in Puerto Rico.
Termopac Industrial Award as "Exporting Industry of the Year"
2007
An alliance is made with BARNA MANAGEMENT SCHOOL, the first business school in the Caribbean, with Manuel Diez Cabral as its founder and member of its Regent Council.
Diesco is awarded as the “Great Exporter of the Dominican Republic”.
ACQUISITION OF PAC TECH INTERNATIONAL, INC
2012
Pac Tech acquires Cristalia Premium Water, a leading local brand in Puerto Rico.
Acquires Cristalia
2013
An Advisory Council — BOARD — is created, made up of a group of world-class business leaders.
2017
Diesco signs a financial agreement with Goldman Sachs, the first investment of this significance made by an international bank to a Dominican company.
The Board (Advisory Council) is awarded by international magazines Private Company Director and Family Business Magazine as “Private Directive Council of the Year 2017” in the category “Best Advisory Council”.
2018
Pac Tech expands to new facilities of around 200,000 square meters, and earns a recognition as “Supplier of the Year” by Walmart in Puerto Rico.
2019
Pac Tech becomes the #1 Bottler of Water in Puerto Rico.
Entry into the Colombian market through the acquisition of Ready to Drink (RTD), a company specialized in the production and marketing of non-alcoholic beverages
READY TO DRINK (RTD), MEDELLIN, COLOMBIA
Recognition of Adoexpo to Diesco as a Resilient company 2020
2020
Diesco is awarded by Adoexpo for being the “Resilient Exporter of 2020” amidst the COVID-19 pandemic.
Pac Tech is recognized for the third time as “Supplier of the Year” by Walmart in Puerto Rico.
