23 SEPTEMBER 2013Metalbulletin.com
Venezuela invests $3.5m to push Alcasa aluminium output to 170,000 tpy
Edited by : AL CIRCLE
1 min read
The Venezuelan government has injected 22 million bolívares ($3.49 million) for equipment and installation investments at Corporación Venezolana de Guayana Alcasa (CVG Alcasa), according to local media.
The state-owned producer intends to restart 230 electrolytic cells to reach a total of 389 in operation by 2014, and achieve a primary aluminium output of 170,000 tpy.
“From this 170,000 tonnes, we’ll be able to transform 152,000 into semi-finished and finished products,” Angel Marcano, president of CVG Alcasa, said in February this year.
At the beginning of 2013, the company and delegates from Chinese state-owned supplier China Aluminum International Engineering Corp (Chalieco) celebrated the arrival of new machinery, obtained with a $402 million investment approved by president Hugo Chávez in 2012.
Alcasa was heavily affected by an energy crisis in Venezuela from 2010-2011, which led the company to shut down moer than half of its then 600 cells as part of a programme to save energy, according to local newspaper El Universal.
Alcasa is located in Guayana, 520 km from the capital Caracas.
The state-owned producer intends to restart 230 electrolytic cells to reach a total of 389 in operation by 2014, and achieve a primary aluminium output of 170,000 tpy.
“From this 170,000 tonnes, we’ll be able to transform 152,000 into semi-finished and finished products,” Angel Marcano, president of CVG Alcasa, said in February this year.
At the beginning of 2013, the company and delegates from Chinese state-owned supplier China Aluminum International Engineering Corp (Chalieco) celebrated the arrival of new machinery, obtained with a $402 million investment approved by president Hugo Chávez in 2012.
Alcasa was heavily affected by an energy crisis in Venezuela from 2010-2011, which led the company to shut down moer than half of its then 600 cells as part of a programme to save energy, according to local newspaper El Universal.
Alcasa is located in Guayana, 520 km from the capital Caracas.
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