Sivensa

From Wikipedia, the free encyclopedia
Siderúrgica Venezolana S.A.
Type Public (BVC: SVS)
Industry Steel
Founded (1948)
Headquarters Caracas, Venezuela.
Products Steel
Revenue Decrease US$ 1.7 Billion (2009)
Net income Decrease US$ 23.7 Million (2009)
Employees 2,800 (2008)
Subsidiaries International Briquette Holding
Siderúrgica del Turbio, S.A.
Website www.sivensa.com.ve

Sivensa (BVC: SVS) the largest private-sector 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

Venezuela IBC companies of Venezuela


This article is issued from Wikipedia. The text is available under the Creative Commons Attribution/Share Alike; additional terms may apply for the media files.