Sivensa
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| Siderúrgica de Venezuela, S.A. | |
|---|---|
| Type | Private company |
| Founded | 1948 |
| Headquarters | ? |
| Industry | Steel Holding |
| Products | Steel |
| Revenue | ▲ Bs. ? billion (2006) |
| Operating income | ▲ Bs. ? billion (2006) |
| Net income | ▼ Bs. ? billion (2006) |
| Employees | ??? (2006) |
| Subsidiaries | International Briquette Holding Siderúrgica del Turbio, C.A. Vicson |
| Website | SIVENSA Web Page |
Siderúrgica de Venezuela S.A. (Sivensa) is the biggest - wholly private - Venezuelan steel holding. Founded in 1948, it has grown considerably to be after, Sidor, Venezuelan largest steel and associated products producer. 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. Nowadays it has three main divisions, IBH, International Briquette Holding, which sells briquettes and iron pellets; Sidetur, which sells steel; and Vicson, which produces and sells construction wires. Thanks to high steel prices, the situation of the company is improving with the years.
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