Sivensa

Siderúrgica Venezolana S.A.
Type Public (BVC: SVS)
Industry Steel
Founded (1948)
Headquarters Caracas, Venezuela.
Products Steel
Revenue US$ 1.7 Billion (2009)
Net income US$ 23.7 Million (2009)
Employees 2.800 (2008)
Subsidiaries International Briquette Holding
Siderúrgica del Turbio, S.A.
Website www.sivensa.com

Sivensa (BVC: SVS) 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."

See also

External links

IBC companies of Venezuela