The situation of CVG Alcasa, a Venezuelan smelter, has not changed and following 17 days of operations at a minimum level, the board of directors of the basic industry is assessing the consequences.
Elio Sayago, the president of the state-run company said that the stoppage of the plant has led to a delay in the lamination process of 600 tons of primary aluminum and this means that the company has failed to earn USD 1.8 billion in revenue.
"Cash flow has declined and we have been not able to pay our suppliers. We had a VEB 40 million （USD 9.3 million） deficit in January. Therefore, we had to contract debts using January and February's production as collateral," Sayago said.
Protests have led to 5,000 hours of overtime in 16 days. In normal conditions, this amount of overtime hours is generated in a year and a half.
Meanwhile, the facilities of Venalum smelter are watched over by National Guard troops.
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