31 March 2008 21:51 [Source: ICIS news]
HOUSTON (ICIS news)--Venezuelan President Hugo Chavez inaugurated the first neighbourhood of homes manufactured from polyvinyl chloride (PVC) over the weekend, local media reported on Monday.
In July 2007, state petrochemical company Pequiven announced that it would provide the new state company Petrocasa with an annual budget of $81m (€51m) to build as many as 60,000 PVC homes a year in some of ?xml:namespace>
The PVC homes are cheaper to build than homes made of concrete or other traditional building materials and can be built in less than eight days using local labor pools.
On his Sunday talk show, Chavez toured the first group of 459 PVC homes in the northern state of Carabobo.
"This is the first Petrocasa community that we have inaugurated, but we are going to fill Venezuela with these houses," Chavez said, according to local media.
PVC industry leaders in Venezuela fear that Petrocasa’s estimated PVC demand of 30,000 tonnes/year will consume too much of the country’s available supply.
Pequiven’s sole PVC plant in the state of Zulia has a maximum production capacity of 120,000 tonnes/year, and recent political tension between Chavez and the
In October, the Venezuelan government said it would also extend its PVC housing programme to Cuba.
($1 = €0.63)
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