Venezuela to produce low-cost appliance, assistance from Chinese

Posted on May 10, 2012 • Filed under: Business, Venezuela

Venezuelan President Hugo Chavez has approved the construction of the factory “Haier Venezuela”, which is to produce low-cost household appliances for the Venezuela population.

The move was announced yesterday by Venezuelan Vice President, Elias Jaua, during an official event in which the Government Federal Council granted 992 million bolivars ($US 231 million) to community and grassroots organisations over seven regional states. Read Article

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