Venezuela Government Invest US$3.5 million in Alcasa

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It is reported that Venezuelan government invested US$3.5 million in local Aluminum manufacturer CVG Alcasa.

Alcasa was shut down from 2010-2011 due to an energy crisis and about half of its 600 cells closed to save energy.

The company planned to restart 230 electrolytic cells to 389 in operation by 2014 and achieve the aluminum output of 170,000 tons per year.

Among them, about 152,000 tons will be transformed to semi-finished and finished products.

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