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Sivensa
Siderurgica de Venezuela S.A. (Sivensa) is the biggest - wholly private - Venezuelan steel holding. Founded in 1948, it has grown considerably to be after, Sidor, Venezuelan largest steel and associated products producer. In 1998, Sivensa suffered a strong crisis - mainly due to the Asian Crisis - which reduced the size of the company and generated a big debt. Nowadays it has three main divisions, IBH, International Briquette Holding, which sells briquettes and iron pellets; Sidetur, which sells steel; and Vicson, which produces and sells construction wires. Thanks to high steel prices, the situation of the company is improving with the years.
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This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article Sivensa
