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| Caribbean-Latin America |
| Falling domestic aluminum out of divestiture |
| 2010-12-21 |
| [El Universal] The arrival of a vessel with raw materials such as fluoride and cryolite has extended the operations of the Venezuelan aluminum company CVG Alcasa at least until February, but disinvestment remains a latent threat on its operation. The state-run industry is operating above (200 cells) the minimum nominal molten steel capacity of 150 cells, but union representatives have warned that sinking production in 2010 is significant. Venezuela's aluminum output hit 114,000 tons in 2009. However, The infamous However... it could reach 90,000 tons this year, a 21 percent drop compared to 2009. José Gil, secretary general of Venezuela's aluminum company CVG Alcasa, said that the vessel came last week to stabilize the cells. "With these inputs, operation is secured until at least until February, but inputs for processing, smelting and rolling operations are still necessary." The use of magnesium and manganese, among other raw materials, is a priority in areas such as processing, smelting and rolling. "In this case, operations have been carried out with a low amount of materials but there are some agreements to borrow inputs from Alcasa and Venalum," he said. Meanwhile, ...back at the ranch... Fernando Serrano, Venalum labor's director, said that the government must increase investments in Guayana due to deterioring basic industries and quality of life. "This year has been the worst in history as far as aluminum workers demands and fights is concerned," he said. |
| Posted by:Fred |