Venezuela to nationalize cement
2008/04/04
03:58:08 È.Ù
President Hugo Chavez has ordered the nationalization of Venezuela's cement industry, saying his government cannot allow businesses to continue exporting raw materials needed to help tackle a domestic housing shortage.
Speaking during a nationally televised address, Chavez said Thursday the affected cement companies, which include Mexico's Cemex Sab, France's Lafarge SA and Switzerland's Holcim LTD, will be paid fair compensation in the state takeover.
Chavez said the nationalization would take place in the short term.
M.H.Z
http://www.iribnews.ir/Full_en.asp?news_id=252564&n=28
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