Wikipedia
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.
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.