STEEL | Sidor's CEO remarked
Venezuela's state-run steelmaker estimates production over four million
Sidor's CEO Rafael GIL Barrios noted that a new production cycle has begun, bringing great opportunities to attain the optimum functioning of the operative lines. The achievement of this goal will result in the consolidation of the largest steelmaker in the country
Steelmaker Sidor commissions fourth transformer (Photo: AVN)
Monday January 14, 2013 03:47 PM
Venezuela's state-run steelmaker Sidor aims at boosting liquid steel production in 2013 and contributing with the increase of the efficiency levels provided for in projects and programs taken on by the Venezuelan Government.
Sidor's CEO Rafael GIL Barrios expressed that the company aims at producing 4.45 million tons of liquid steel, and added that a new production cycle has begun, bringing great opportunities to attain the optimum functioning of the operative lines. The achievement of this goal will result in the consolidation of the largest steelmaker of the country.
Gil underscored that Sidor has already set in motion both the Operative Investment Plan and Scheduled Maintenance to guarantee the operation of the units comprising the steel corporation, and to meet clients' requests.
A fourth transformer of 130 MVA has been commissioned. All the plans and projects have allowed the steel giant to estimate production at 4.45 million tons of liquid steel in 2013.
Translated by Jhean Cabrera
Following a wave of nationalizations carried out by the late President Hugo Chavez between 2007 and 2012, Venezuela has become the second most frequent respondent to investment treaty arbitration in the world (38 cases in total), after Argentina.