Sivensa (BVC: SVS) the biggest wholly private Venezuelan steel corporation. Founded in 1948, it has grown to be, after Sidor, Venezuela's largest steel and associated products producer. In 1998, Sivensa suffered a substantial crisis - mainly due to the Asian Crisis - which reduced the size of the company and generated a big debt. Nowadays it has two main divisions, International Briquettes Holding (IBH), which sells briquettes and iron pellets; and Sidetur, which sells steel. Thanks to high steel prices, the situation of the company is improving with the years. "The subsidiaries of Sivensa have national presence; their nine operating plants are located in the states of Bolivar, Carabobo, Miranda, Lara and the Federal District. Additionally, Sidetur has 14 ferrous material collection centers located in various cities."
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US$ 1.7 Billion (2009)
