Sidetur

Siderúrgica del Turbio S.A.
Private
Industry Steel
Founded 1948
Headquarters Caracas, Distrito Capital, Venezuela
Area served
 Venezuela and 25 other countries
Key people
 Nicolás Izquierdo, General Director
Products reinforced bars, bars, beams, angles, flats and special steels
Revenue US $470 million (2007), Increase 14% from 2006[1]
Parent Siderúrgica de Venezuela S.A. Sivensa
Slogan "Excelencia Siderúrgica" (in english, "Steel Excellence")
Website www.sidetur.com.ve

Siderúrgica del Turbio S.A. (Sidetur) was a subsidiary of Siderúrgica de Venezuela S.A. (Sivensa), 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, Africa, Asia and Europe. Their seven operating plants are located in the states of Bolívar, Carabobo, Miranda, Lara and the Capital District. Additionally, Sidetur has 14 ferrous material collection centers located in various cities.

Founded in 1948 in Antímano, Caracas, Sidetur now has six plants, all in Venezuela.

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. Thanks to high steel prices, the situation of the company is improving with the years. Nowadays, the company has a capacity of annual production of 835,000 tons of steelmaking, 615,000 tons of rolling and 67,000 of electric welding.

In 2010 Sidetur was expropriated by the Chavez Government. As of May 21, 2013 no compensation was paid to former owners.[2]

Plants

All six of Sidetur's plants are located in Venezuela. Only two of them, Planta Barquisimeto and Planta Casima, are designed to melt steel into billets.

Plant Name Year Built Location Products[3]
Rebars Bars Beams Angles Flats Billets Special Steels Electric Welding
Planta Casima 1989 Puerto Ordaz, Bolívar State No No No No No Yes No No
Planta Antimano 1950 Caracas, Distrito Capital Yes Yes No No No No No No
Planta Guarenas 1986 Guarenas, Miranda State Yes Yes No Yes Yes No Yes No
Planta Valencia 1968 Valencia, Carabobo State No No No No No No No Yes
Planta Lara 2004 Barquisimeto, Lara State No Yes No Yes Yes No No No
Planta Barquisimeto 1972 Barquisimeto, Lara State No No Yes Yes No Yes No No

Sidetur ferrous material collection centers are located nationwide in Venezuela. The company serves the following cities and their neighboring areas:

Production

The following table shows the production capacities of the different plants that Sidetur owns in metric tons per year.[1]

Process Plant Total
Casima Antímano Guarenas Valencia Lara Barquisimeto Collection Centers
Steelmaking 460,000 - - - - 375,000 - 835,000 t/year
Rolling - 340,000 75,000 - 60,000 140,000 - 615,000 t/year
Electric Welding - - - 67,000 - - - 67,000 t/year
Ferrous Material Collection - - - - - - 600,000 600,000 t/year

See also

References

  1. 1 2 "Annual Report 2007" (PDF). Sivensa. Retrieved 2008-10-11.
  2. ↑ http://www.foxnews.com/world/2012/10/31/venezuelan-official-says-shareholders-will-be-paid-fair-price-for-expropriated/
  3. ↑ "Product Catalog" (PDF). Sidetur. Retrieved 2008-10-11.

External links

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