Alcasa

C.V.G. Aluminio del Caroní S.A., known as Alcasa, is a state-owned aluminium producer in Venezuela. Founded in 1960, it began operations in 1967.[1] It is part of the Corporación Venezolana de Guayana mining company, and one of the world's largest aluminium producers. In 1999 it had around 9000 employees.[2] In 2005 the BBC reported that Alcasa had instituted a "co-management" initiative, with workers electing managers and participating in the budgeting process, as well as being involved in decisions on technical issues related to production.[3]

The Venezuelan government had sought to privatize Alcasa in 1998,[4] but the investors pulled out citing world market conditions.[2]

References

  1. ↑ Alcasa, History of CVG Alcasa
  2. 1 2 Raymond Colitt, Financial Times, 2 November 1999, "COMMODITIES & AGRICULTURE: Venezuela in fresh approach to aluminium privatisation : After many setbacks the government wants to sell the industry in several blocks with different strategies"
  3. ↑ Iain Bruce (2005-08-17). "Business | Chavez calls for democracy at work". BBC News. Archived from the original on 12 July 2010. Retrieved 2010-08-16.
  4. ↑ Financial Times, 10 July 1998, "COMPANIES & FINANCE: THE AMERICAS: Aluminium sale priced at low end, Caracas admits: NEWS DIGEST"

External links


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