Cabello creates Corporacion Socialista del Cemento, Venezuela

Cabello creates Corporacion Socialista del Cemento, Venezuela
Published: 21 September 2009

Diosdado Cabello, Venezuela’s Ministro de Obras Publicas y Vivienda, has founded a new state group named Corporacion Socialista del Cemento SA, as authorised by national president Hugo Chavez on July 28 at a cabinet meeting. The new corporation will produce and sell cement and its derivatives as well as exploit quarries etc. It starts up with capital totalling BF$10mil, put up by the Ministerio de Obras Publicas y Vivienda. Chairman of the shareholders’ board will be Diosdado Cabello whilst the main directors will be Pedro Gonzalez, Carlos Pacheco, Natacha Castillo and Hector Diaz. Venezuela nationalised the cement sector last year, of course.