Sivensais 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, IBH, International Briquette Holding, which sells briquettes and iron pellets; 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."
Siderurgica del Turbio S.A. (Sidetur)
This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article Sivensa