Are you serious?
We are going to nationalize the cement industry,” Chavez said in a cabinet meeting late Thursday broadcast on radio and television, adding that effected companies would be compensated. “Starting now, take all the legal and economic steps to nationalize in the short term the national cement industry, everything that was privatized,” Chavez told his ministers. France’s Lafarge and Mexico’s Cemex are the two major cement companies in Venezuela.
We are going to nationalize the cement industry,” Chavez said in a cabinet meeting late Thursday broadcast on radio and television, adding that effected companies would be compensated.
“Starting now, take all the legal and economic steps to nationalize in the short term the national cement industry, everything that was privatized,” Chavez told his ministers.
France’s Lafarge and Mexico’s Cemex are the two major cement companies in Venezuela.
And from Bloomberg:
The Venezuelan leader said he would ban asphalt exports and is restricting shipments of food abroad, all part of his effort to overcome shortages amid the fastest economic growth in the Americas. Chavez has accused building-material suppliers of running a monopoly and slowing the construction of homes and roads.
From: Chavez to nationalize cement industry in Venezuelaand: Chavez Plans to Nationalize Venezuela Cement Industry
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