This is a multi-part message in MIME format.
------=_NextPart_000_010D_01C5B367.71C81AB0
Content-Type: text/plain;
format=flowed;
charset="iso-8859-1";
reply-type=original
Content-Transfer-Encoding: 7bit
Posted on Tue, Sep. 06, 2005
Heinz Venezuela seeks takeover clarity
Associated Press
CARACAS, Venezuela - A Venezuelan subsidiary of U.S.-based food
maker H.J. Heinz Co. on Tuesday asked the government to clarify a decision
to seize one of its tomato processing plants.
Alimentos Heinz CA, which makes Heinz ketchup, said the government
never notified the company of any plans to take over the plant.
The governor of eastern Monagas state, Jose Gregorio Briceno,
ordered troops to seize the plant, aiming to protect it from looters and
eventually put it to use because it has been idle for years, spokeswoman
Angelica Rivero said Monday. It was not immediately clear when the plant
was seized.
"We hope the reasons for these actions are clarified since the
company has received no notice from the authorities about the
intervention/expropriation," Alimentos Heinz said in a statement Tuesday.
The company said the government's "social objectives cannot stand
above the law."
The plant was not functioning because the market demand and the
price were not enough to make it feasible to keep the unit running, the
company said. An official at the Pittsburgh-based food company said the
move will not affect Heinz's ability to do business in Venezuela.
"Heinz has a major plant in Venezuela employing 700 people that is
not affected by this action. We see this as a local issue," said Ted
Smyth, chief administrative officer.
He said the company was awaiting the government's next step
regarding the plant, which hadn't been used for at least eight years and
never employed more than 50 people.
Officials were expected to expropriate the plant, a move that would
require the Venezuelan National Assembly to declare the property to be of
"public interest."
Venezuelan President Hugo Chavez has said the government may
expropriate the property of companies whose factories are idle or
partially paralyzed in order to put them back to work.
So far this year, the government has expropriated the assets of a
failed paper company and an industrial valve maker.
http://www.miami.com/mld/miamiherald/business/national/12575979.htm
------=_NextPart_000_010D_01C5B367.71C81AB0
Content-Type: image/gif;
name="spacer.gif"
Content-Transfer-Encoding: base64
Content-Location: http://www.miami.com/images/common/spacer.gif
R0lGODlhAQABAIAAAEZGRgAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==
------=_NextPart_000_010D_01C5B367.71C81AB0--
.
|
|
|
Related Articles |
As U.S. Debt Ceiling Is Reached, Bush Administration Seeks to Raise It Once Again
North Korea is not destitute, depsite popular misconceptions, seeks Chinese model of reformed communism, invites China, SK to invest in resource development, incl. offshore oil
UFO Town Seeks Aid for Earthly Visitors
Re: Fugitive cleric seeks to broaden violence, but his chances may be slim (Signs of Sunni-Shiite alliance)
MWF 30 seeks horny men for phone conversation and more! 5738
Al-Qaeda Seeks Revolt In Pakistan
WORLD WAR III NEWS, Wednesday, April 12th, 2006 AD....Saudi Arabia seeks Russian help to prevent US strike on Iran
Al-Qaeda seeks toxins for biowarfare attack
| The Man Who Seeks To Change Time...
'Alien' Seeks To Put An End To UFO Discussions
Re: Blair Seeks Company in Backing Bush
NYT: Protest in Urals Seeks Ouster of a Putin Ally
Israel seeks return of Temple artifacts
Bush seeks re-election on peace ticket-Hahahahahaha
Al-Qaida seeks fulfillment of Revelation 17
|
|
|
