23 AUGUST 2011steelguru
Venezuelan Alcasa seeking private investors
Edited by : AL CIRCLE
1 min read
BNamericas reported that workers at Venezuelan state aluminum reducer Alcasa have drawn up a proposal to attract private investors to help return plant operations to normal.
Mr Henry Arias labor director of Alcasa said that "We want to look for investors to help us revitalize the company and we're willing to sign whatever agreements are necessary, provided they are win win relationships."
Mr Arias said that the initial goal is to raise USD 30 million from investors to incorporate 60 production cells and restore the plant's operational capacity. Alcasa had to look for allies among local and international companies interested in increasing the number of cells in operation because the plant's status is critical. We are willing to make the necessary sacrifices to stabilize the plant.
Mr Henry Arias labor director of Alcasa said that "We want to look for investors to help us revitalize the company and we're willing to sign whatever agreements are necessary, provided they are win win relationships."
Mr Arias said that the initial goal is to raise USD 30 million from investors to incorporate 60 production cells and restore the plant's operational capacity. Alcasa had to look for allies among local and international companies interested in increasing the number of cells in operation because the plant's status is critical. We are willing to make the necessary sacrifices to stabilize the plant.
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