Sidetur

Siderúrgica del Turbio S.A. (Sidetur) was a subsidiary of Siderúrgica de Venezuela S.A. (Sivensa), the biggest - wholly private - Venezuelan steel corporation. Their main products are rebars, bars, beams, angles and flats. Sidetur develops their exporting activity in more than 25 countries in the markets of America, Africa, Asia and Europe. Their seven operating plants are located in the states of Bolívar, Carabobo, Miranda, Lara and the Capital District. Additionally, Sidetur has 14 ferrous material collection centers located in various cities.

Siderúrgica del Turbio S.A.
state-owned
IndustrySteel
Founded1948
HeadquartersCaracas, Distrito Capital, Venezuela
Area served
Venezuela and 25 other countries
Key people
Nicolás Izquierdo, General Director
Productsreinforced bars, bars, beams, angles, flats and special steels
RevenueUS $470 million (2007), 14% from 2006[1]
ParentSiderúrgica de Venezuela S.A. Sivensa
Websitewww.sidetur.com.ve

Founded in 1948 in Antímano, Caracas, Sidetur now has six plants, all in Venezuela.

In 1998, Sivensa suffered a strong crisis - mainly due to the Asian Crisis - which reduced the size of the company and generated a big debt. Thanks to high steel prices, the situation of the company is improving with the years. Nowadays, the company has a capacity of annual production of 835,000 tons of steelmaking, 615,000 tons of rolling and 67,000 of electric welding.

In 2010 Sidetur was expropriated by the Chavez Government. As of May 21, 2013 no compensation was paid to former owners.[2]

Plants

All six of Sidetur's plants are located in Venezuela. Only two of them, Planta Barquisimeto and Planta Casima, are designed to melt steel into billets.

Plant Name Year Built Location Products[3]
Rebars Bars Beams Angles Flats Billets Special Steels Electric Welding
Planta Casima 1989 Puerto Ordaz, Bolívar State No No No No No Yes No No
Planta Antimano 1950 Caracas, Distrito Capital Yes Yes No No No No No No
Planta Guarenas 1986 Guarenas, Miranda State Yes Yes No Yes Yes No Yes No
Planta Valencia 1968 Valencia, Carabobo State No No No No No No No Yes
Planta Lara 2004 Barquisimeto, Lara State No Yes No Yes Yes No No No
Planta Barquisimeto 1972 Barquisimeto, Lara State No No Yes Yes No Yes No No

Sidetur ferrous material collection centers are located nationwide in Venezuela. The company serves the following cities and their neighboring areas:

  • Caracas
  • Guarenas
  • Santa Lucía
  • Valencia
  • Cagua
  • Barquisimeto
  • Maracaibo
  • Ciudad Ojeda
  • El Vigía
  • Barcelona
  • Maturín
  • El Tigre
  • Puerto Ordaz
  • Porlamar

Production

The following table shows the production capacities of the different plants that Sidetur owns in metric tons per year.[1]

Process Plant Total
Casima Antímano Guarenas Valencia Lara Barquisimeto Collection Centers
Steelmaking 460,000 - - - - 375,000 - 835,000 t/year
Rolling - 340,000 75,000 - 60,000 140,000 - 615,000 t/year
Electric Welding - - - 67,000 - - - 67,000 t/year
Ferrous Material Collection - - - - - - 600,000 600,000 t/year
gollark: True, editing that.
gollark: I am still buying gold directly (1.5 KST per ingot) though not automatically since hydro is keeping private the sell shop program.
gollark: That's a margin of 1.4 KST per ingot, I think.
gollark: So you won't *actually* buy one?
gollark: You mean, you want 800KST for one you have?

See also

References
  1. "Annual Report 2007" (PDF). Sivensa. Retrieved 2008-10-11.
  2. http://www.foxnews.com/world/2012/10/31/venezuelan-official-says-shareholders-will-be-paid-fair-price-for-expropriated/
  3. "Product Catalog" (PDF). Sidetur. Retrieved 2008-10-11.
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