September
17, 2003
Venalum
sees 2003 output at 434,000 tonnes
(Reuters) - Venalum, the largest smelter
operated by state industrial holding Corporación
Venezolana de Guayana (CVG) in south-east Bolívar
state, produced an accumulated output of 288,081
tonnes in the first eight months of this year,
down from 289,415 tonnes produced over the same
period last year. The plant has a nominal capacity
of 430,000 tonnes a year.
Venezuela's
smaller Alcasa smelter produced 14,809 tonnes
in August compared with 15,222 tonnes a month
earlier, a spokeswoman for the plant said. Its
eight-month accumulated output reached 114,514
tonnes. Venalum produced 36,757 tonnes in August,
down from 36,916 tonnes produced last August.
Venalum
is 80 percent owned by a wholly owned subsidiary
of CVG with 20 percent held by six Japanese firms
-- Showa Denko K.K. (Tokyo:4004.T), Kobe Steel
Ltd. (Tokyo:5406.T), Sumitomo Chemical Co. Ltd.
(Tokyo:4005.T), Mitsubishi Materials Corp. (Tokyo:5711.T),
Mitsubishi Aluminum Co. Ltd. and Marubeni Corp.
(Tokyo:8002.T).
