''C.V.G. Aluminio del Caroní S.A.'', known as Alcasa, is a state-owned

aluminium Aluminium (or aluminum in North American English) is a chemical element; it has chemical symbol, symbol Al and atomic number 13. It has a density lower than that of other common metals, about one-third that of steel. Aluminium has ...

producer in

Venezuela Venezuela, officially the Bolivarian Republic of Venezuela, is a country on the northern coast of South America, consisting of a continental landmass and many Federal Dependencies of Venezuela, islands and islets in the Caribbean Sea. It com ...

. Founded in 1960, it began operations in 1967. It is part of the

Corporación Venezolana de Guayana The Corporacion Venezolana de Guayana (CVG) is a state-owned Venezuelan metal conglomerate, located in the Guayana Region in the southeast of the country. Its subsidiaries include the steel producer SIDOR, aluminium producers Alcasa, Venalum ...

mining company, and one of the world's largest aluminium producers. In 1999, it had around 9000 employees. The Venezuelan government had sought to privatize Alcasa in 1998, but the investors pulled out citing world market conditions.Raymond Colitt, ''

Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Jap ...

'', 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" In 2005, the

BBC The British Broadcasting Corporation (BBC) is a British public service broadcaster headquartered at Broadcasting House in London, England. Originally established in 1922 as the British Broadcasting Company, it evolved into its current sta ...

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. The experience was evaluated negatively by President

Nicolás Maduro Nicolás Maduro Moros (; born 23 November 1962) is a Venezuelan politician and former union leader serving as the 53rd president of Venezuela since 2013. Previously, he was the 24th Vice President of Venezuela, vice president from 2012 to 20 ...

in 2013: "The model of worker control failed in Guayana, it never existed; neither control nor worker."

References

External links

Alcasa
Aluminium companies of Venezuela Government-owned companies of Venezuela Venezuelan brands {{Venezuela-company-stub