Sivensa
Encyclopedia
Sivensa the biggest wholly private Venezuelan steel corporation. Founded in 1948, it has grown to be, after Sidor
, Venezuela's largest steel and associated products producer. In 1998, Sivensa suffered a substantial crisis - mainly due to the Asian Crisis - which reduced the size of the company and generated a big debt. Nowadays it has two main divisions, International Briquettes Holding (IBH), which sells briquettes and iron pellets; and Sidetur
, which sells steel. Thanks to high steel prices, the situation of the company is improving with the years. "The subsidiaries of Sivensa have national presence; their nine operating plants are located in the states of Bolivar, Carabobo, Miranda, Lara and the Federal District. Additionally, Sidetur has 14 ferrous material collection centers located in various cities."
Sidor
Siderúrgica de Orinoco C.A. "Alfredo Maneiro" is the biggest Venezuelan steel corporation. The company is situated in an industrial zone in Ciudad Guayana, Bolívar State, near the Orinoco River. Major iron deposits were found in the area in 1926 and 1947...
, Venezuela's largest steel and associated products producer. In 1998, Sivensa suffered a substantial crisis - mainly due to the Asian Crisis - which reduced the size of the company and generated a big debt. Nowadays it has two main divisions, International Briquettes Holding (IBH), which sells briquettes and iron pellets; and Sidetur
Sidetur
Siderúrgica del Turbio S.A. is a subsidiary of Siderúrgica de Venezuela S.A. , the biggest - wholly private - Venezuelan steel corporation. Their main products are rebars, bars, beams, angles and flats. Sidetur develops their exporting activity in more than 25 countries in the markets of America,...
, which sells steel. Thanks to high steel prices, the situation of the company is improving with the years. "The subsidiaries of Sivensa have national presence; their nine operating plants are located in the states of Bolivar, Carabobo, Miranda, Lara and the Federal District. Additionally, Sidetur has 14 ferrous material collection centers located in various cities."