Aceros del ALBA JV

Venezuela and Cuba have confirmed the creation of a JV in the steel industry to produce and distribute stainless and special steel. The new JV to be called Aceros del ALBA would be attached to the Cuban basic industry and Venezuelan mining ministry. The group was created under the concept of an anonymous enterprise and its production will be commercialized at the national market, also destined to export to third markets, with priority to Latin America and the Caribbean.
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