Venezuela's Sidor unveils production recovery plan

Sidor’s president Justo Noguera Pietri has unveiled a six-stage production recovery plan for the state-owned Venezuelan steelmaker.

The programme, announced on Sunday August 28, will be implemented in the 2016-2018 period, aimed at reaching an annual crude steel output of 4 million tonnes in its last phase, Pietri said.

Sidor has the capacity to produce 4.30 million tpy of crude steel. But it produced only 1.06 million tonnes of crude steel in 2015, and...

Published

Ana Paula Camargo

August 30, 2016

05:31 GMT

São Paulo