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Venezuela invests $3.5M to boost aluminum production

Keywords: Tags  Alcasa, aluminum production, energy, Ángel Marcano, Carolina Guerra


SÃO PAULO — The Venezuelan government has made equipment and installation investments totaling 22 million bolivares ($3.5 million) at CVG Aluminio del Caroní SA (Alcasa), according to local media reports.

The state-owned aluminum producer intends to restart 230 electrolytic cells, putting a total of 389 in operation by 2014, and achieve primary annual aluminum output of 170,000 tonnes.

"From this 170,000 tonnes, we’ll be able to transform 152,000 into semifinished and finished products," Alcasa president Ángel Marcano said in February.

Alcasa was heavily affected by an energy crisis in Venezuela in 2010-11, which led the company to shut down more than half of its then-600 cells as part of a program to save energy, according to local newspaper El Universal.

Alcasa is based in the Guayana region, 325 miles from the capital of Caracas.

A version of this article was first published by AMM sister publication Metal Bulletin.

 


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