United State : Pdvsa will own 40 percent of valve manufacturing company.

TendersInfo | November 5, 2009 | Copyright

Byline: manish03

As part of its socialist economic model, the Venezuelan government promoted business co-determination, but the results have not been satisfactory and government officials are seeking to change the model.

Some time ago, Chavez administration said that the management of companies should be in the hands of the government and workers. That was the case of the valve manufacturing company Inveval. However, the company will be transformed into Insuval in ...

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