El Universal reports that Venezuela is currently performing a feasibilty study in hopes of extablishing an aluminum exporting relationship with Belarus, in addition to current exports of oil . Chavez announced this on his recent tour of Belarusisan company Belaz. The story is quoted as saying: “In the future, we could send in aluminum. Now, we are sending [...]
Venezuela’s state-run aluminum companies are struggling with a multimillion dollar debt because production costs more than double incoming revenue. For full story, click here
Venezuela’s state aluminum smelters operated normally on Monday despite the commencement of a strike by workers demanding the government address industry problems they blame on outmoded equipment and insufficient investment. For full story, click here
Venezuela’s state aluminum smelters operated normally on Monday despite the start of a strike by workers demanding the government address industry problems they blame on outmoded equipment and insufficient investment. For full story, click here
Venezuela’s government is interested in purchasing a minority stake held by six Japanese companies in the Venalum aluminum smelter, after the Japanese partners said they planned to pull out. For full story, click here
Six Japanese firms, including Kobe Steel Ltd. and Showa Denko, have decided to quit aluminum smelting operations in Venezuela due to a dispute over prices with the Venezuelan government, their joint venture partner. For full story, click here
Venezuela’s reorganization of the aluminum sector will particularly involve administrative changes and not the fusion of existing aluminum companies. For full story, click here
Tuesday, October 19, 2010