I wonder what the Chinese get for their $403 billion dollars...oil, aluminum, steel, something else?

China Company presented a proposal for recovery of CVG Alcasa
Section - Labor
Press Writer
Saturday, May 28, 2011 3:15
Elio Sayago, president of the factory, said the deadline for responding is 10 June, when it should be signed by the Trust of $ 403 million

As part of the permanent assembly was on Friday May 27 at the main gate of CVG Alcasa, the president of the gearbox, Elio Sayago, informed workers met with company representatives Chalieco China, with order to make delivery of the proposed restoration of the company.

Three goals

Sayago, said that the proposal has 3 priority points, the first is to incorporate cells for increased production, stabilize second and third production run technological changes. Besides that, he said, it is necessary to bring equipment and parts.

"For the first time CVG Alcasa produce 120 thousand tons per year of rolled products and 40 thousand tons of profiles, to help with housing plans of the Bolivarian Government." Sayah said.

He informed the Assembly that the deadline for responding to this proposal by the Asian company is on 10 June, by which time the Trust must be signed for $ 403 million, which will be managed by workers themselves, as has been the mandate of the Commander-President Hugo Chavez Frias.

In this regard, reiterated on the firm under the technical assistance agreement - financial mechanisms between the bandit and CVG Alcasa, last 25/05/1911, which will open to the trust to access resources for adaptations enterprise technology.

Workers managed

"The management will be collective and transparent, that they forget to handle gangs CVG Alcasa, workers in the various departments will be responsible for managing the resources that we deliver to technological adaptations," said Sayad.

Again reiterated the declaration of Public Assembly Standing for workers and the people know the truth of CVG Alcasa and corporations to build Iron, Steel and Aluminum, for that is deepening the Bolivarian process. Press CVG Alcasa