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Message: AN denies liquidation of the CVG

AN denies liquidation of the CVG

posted on Feb 20, 2009 10:11PM
AN denies liquidation of the CVG
Saturday, February 21, 2009
The proposal for the creation of the Aluminum Corporation will be submitted to the vice-presidency during the next week, as stated by the chairman of the Subcommittee on Basic Business of the National Assembly, Angel Marcano, who said that this organization not weaken the CVG, which is constituted as a "corporation of corporations."

Maria Ramirez Cabello
mramirez@correodelcaroni.comEsta email address is being protected from spam bots, you need Javascript enabled to view it



The creation of the Aluminum Corporation not forcibly remove the CVG in accordance with parliamentary "CVG is the corporation of corporations," according to the chairman of the Subcommittee on Basic Business of the National Assembly (AN), Angel Marcano , who assured that no settlement has raised the Corporación Venezolana de Guayana (CVG), because the institution "is a heritage of the country's development."

The output of the CVG Edelca in 2007 and the transfer of Ferrominera Orinoco (FMO) and the actions of the Siderúrgica del Orinoco Alfredo Maneiro (Sidor) to the newly created National Steel Corporation have generated great uncertainty in the human resource holding in Guyana in general and thus reducing the liquidity of subsidiaries complicate the institution and its operations.

The deputy to the NA said that the creation of the National Steel Corporation and the Aluminum Corporation is not the disappearance of parent CVG since all these will be governed by the institution founded in 1960, he explained.

During the next week it is expected that this Marcano subcommittee chaired by the Vice-President of the Republic proposed the creation of the Aluminum Corporation, which will be funded by the National Development Fund (Fonden), and then start a debate in French Guiana designed to provide a "vision" to the aluminum sector.

"Must see aluminum as a whole and we submitted a plan in which he states that companies need to recover from what is now. In the case of Alcasa, we believe it is necessary to retrieve it and reverse it in terms of technology and investing in the V line to hit your balance point, "he explained.

Posed not only bring business but work to who will chair the industry, criticized the lack of expertise and knowledge of some of the presidents of the aluminum sector.

"We are asking that the vice-presidency is the workers and raise awareness about the problem of companies in basic function to work for industries that are the alternative non-oil economy," he said.

Aluminum Corporation
The senator denied that the companies in the aluminum-Bauxilum, Carbonorca, Alcasa and Venalum-taking tasks other than those of today, once crystallize Aluminum Corporation.

"Alcasa is an Aluminum route sales. Aluminum Corporation in the path integral would have a role in endogenous development and the international market, "an individual well away, he said. "The production of anodes Carbonorca would not be for something specific, but according to the domestic market and the world because we believe that these companies could supply us and the world."

"The aluminum alloy is an important and believe that someday we have to build aircraft, automotive parts and we are working ... we grouped our businesses, we will upgrade from the standpoint of raw materials and production to be normalized once the international market to be competitive, "he said.

Alcasa said that is not separated into social production companies or cooperatives, but they work seamlessly in the Corporation. "Alcasa is the only company that has semi-finished products or Venalum which is the golden cup has a rolling and we have," he added.

The "big" Corporation
The chairman of the subcommittee's core business is not assured AN raised the withdrawal of Bauxilum, Carbonorca, Alcasa and CVG Venalum of, once established the Aluminum Corporation.

"It is not raised now, because the CVG continues to be a corporation for the development of Guyana, Amazonas, Bolívar and Delta Amacuro. The Corporation maintains the tutelage of the companies still creating Aluminum Corporation, "he said.

In the case of National Steel Corporation, the decree is very clear in stating that it is under the Ministry of Basic Industries and Mining. In fact, calling the president of the CVG, Rodolfo Sanz, to sign "without delay" the transfer of shares owned by it, namely Sidor and FMO, the National Steel Corporation, subject to compliance with the legal relevant.

But Marcano emphasized to ensure that the Steel Corporation depends on CVG.

- The feeling of Guyana is that the National Executive has given little aluminum industry in the sense of finally crystallize investments. What can you say about that?
- In 98 years we received almost privatized enterprises. Reversed all that and began to work to regain business. It was an important effort and achieved some things, now we believe that due to the global crisis is necessary to drive the clustering of development and that companies can be competitive.

Marcano emphasized that CVG will be "the corporation and corporations should be maintained according to the development of the country," because "is a heritage and we believe it should be kept safe as it is a flagship institution and its very name gives strength to any national proposal and therefore we believe that corporations must be incorporated to the CVG, "he said.

Crisis little appreciated

Mrs Shepherd said that Medina had not been an open debate in parliament on the status of the core business because "there has been little provision for Members.

"Do not give importance to anything, nor to the issue of insecurity. The agenda of the NA focuses on international politics and the Executive agrees that, "he said.

The parliamentary strength to put a priority issue for Guyana. "You can not ignore this debate, because the impact of businesses is essential for the region and the discussion can not only treat Rodolfo Sanz and his team because it has led the government to make many mistakes because isolating the actors who have experience and are part of the debate, "he said.

Medina emphasized that contrary to reality, the Government is obliged to provide timely information on the basic situation of enterprises.
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