"Sidor" redirects here. For other uses, see Sidor (disambiguation).
Siderúrgica de Orinoco, C.A.
Company type
State-owned company
Industry
Steel Holding
Founded
1953
Headquarters
Caracas, Venezuela.
Products
Steel
Number of employees
13,000
Website
Sidor Web Page
Siderúrgica de Orinoco C.A. (Sidor) is the largest Venezuelan steel corporation. The company is situated in an industrial zone in Ciudad Guayana, Bolívar State, near the Orinoco River.
Major iron deposits were found in the area in 1926 and 1947. Mining companies constructed rail infrastructure to take iron ore to ports on the Orinoco river. The Sidor plant was designed to make use of hydro-electricity from the Caroni, a tributary of the Orinoco, to process iron ore which had been hitherto exported.
SIDOR ceased operating permanently after the first 2019 Venezuelan blackout. Its production had been gradually decreasing since the company was nationalized in 2008 by Hugo Chávez. A former director said that Chávez had "received it as a productive and solvent company; but management coming from the military world, unaware of 'steel manufacturing' activity, together with the 'absence of strategic planning and investments, led to a sustained fall in production'."[1][2]
^Leon, Mariela (17 March 2019). "Señalan que con el apagón se "cierran las puertas" de Sidor". El Universal (in Spanish). Retrieved 21 March 2019.
^Baida, Guilherme (19 March 2019). "Venezuelan steelmaker Sidor shuts all operations after energy blackout". S&P Global. Retrieved 21 March 2019.
Orinoco (SIDOR) to proceed to Brazil. Cerro Bolívar Leon, Mariela (17 March 2019). "Señalan que con el apagón se "cierran las puertas" de Sidor". El Universal...
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