LATEST NEWS 
Concrete
March 29, 2006
Venezuela investing billions in new plants
CARACAS
Venezuelan President Hugo Chavez announced investments of nearly $5.4 billion US in 22 petrochemical projects, including construction of new plants and upgrades to existing ones.
The construction projects will help spur a sharp increase in the production of petrochemicals in the next several years.
Chavez’s remarks came as state petrochemical company president Saul Ameliach announced a plan to increase output to 32 million tonnes a year by 2012 from 11.5 million tonnes today.
“Venezuela has what it takes to be a world power in petrochemicals, and we’re going to be just that,” Chavez said at a swearing-in ceremony for new board members of Corporacion Petroquimica de Venezuela SA, commonly known as Pequiven.
Chavez began the event helping to shovel out cement to start construction on a new plant that will produce ammonia and urea in the state of Carabobo.
ASSOCIATED PRESS
| MOST POPULAR STORIES |
- Police probe death at York Street construction site
- Ontario’s apprentice ratio dispute continues to be split along union, non-union lines
- Early LEED advocates were ‘pioneers,’ ACEC president says
- Hard Rock contracting companies fined over worker injuries
- Two Ontario firms win Canadian Architect Awards of Excellence
- 20 Most Popular Stories
| CURRENT STORIES |
- EllisDon keeps moving up at the Ritz-Carlton
- Insulation association lobbies for inclusion of best practices in National Building Code
- Bulldozer fatality halts work at Anatolia Minerals’ Copler gold project
- Canadian economy heads south for the winter
- Homicide charge laid in N.Y. crane collapse
- McKay-Cocker chooses Viewpoint software to integrate operations
- Great Lands digs deep at the Mona Lisa
- U.S. investors drop stakes in proposed TransCanada pipeline
- Aecon named one of Canada’s 10 Best Employers
- Solar module maker Day4 Energy lays off 95 workers
| ALEX’S BLOG |
Reed Construction Data Chief Economist Alex Carrick discusses current developments in Canada's economic environment. He also shares light-hearted reflections on life and current events.
Economics Blog More 
- Spotting the U.S. and Canadian Recoveries – Earliest Indicators (January 6, 2009)
- TYBA Projects (January 5, 2009)
- Ottawa’s Spending and Canada in Afghanistan (December 30, 2008)
Lifestyle Blog More
- The Perils of Driving in the White Stuff (December 29, 2008)
- Economics Humour – Take my Dismal Science, Please (December 22, 2008)
| PROJECT NEWS BRIEFS |
Updates on Canadian construction projects from Reed Construction Data’s research team. More
- Vanbots begins work on Thompson Rivers University’s House of Learning (Jan 6, 2009)
- City of Thompson plans new water treatment plant (Dec 30, 2008)
- Quadrangle Architects begins working drawings for new phase of Downtown Markham development (Dec 16, 2008)
- Designs for new Corrections Canada office set to begin (Dec 15, 2008)
- Haastown Holdings ready to accept subtrade pricing for Waterscape phase one (Dec 15, 2008)
