BELARUS NEWS AND ANALYSIS
DATE:
11/01/2011
Venezuelan steelmaker announces investment plan to expand production
Caracas, Venezuela-based steel manufacturer Siderurgica del Orinoco "Alfredo Maneiro" Sidor (Sidor) announced Monday a new investment plan and infrastructure improvements that will aid in accomplishing its production targets for 2011, which aim to reach four million metric tons (mt) of liquid steel. Sidor produced 1,804,000 nt of liquid steel in 2010.
Sidor's investment plan will include projects that will aid in the removal of the dust particles from Slab manufacturing, as well as revamping of the Houses of Smoke, and investments in the systems division. The company also intends to perform maintenance on its steel billet and bar-making operations.
Additionally, with the aid of funding from Belarus, Sidor is installing a production line for welded mesh to meet the needs of the construction sector.
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