Company Performance Metrics
Pequiven, Petrochemical Venezuela, SA is the Venezuelan State Corporation in charge of producing and marketing petrochemicals fundamental priority to the domestic market and export capacity.
The company encourages the creation of joint ventures and social production (EPS), stimulates the agricultural and industrial development of productive
chains and promotes social balance with high community and environmental awareness.
Pequiven offers domestic and international markets more than 40 petrochemical products.
Its international business vision and relationship with key partners in the creation of joint ventures in which it participates has allowed him to build a significant presence in the markets of the region and elsewhere in the world.
Pequiven was created in 1977 taking over operations of the Venezuelan Petrochemical Institute (IVP), founded in 1955. Since its transformation, has lived Pequiven successive stages of restructuring, consolidation and expansion, which has expanded its field of operations, developing a major domestic and foreign markets for their products.
The company has focused its growth in three specific lines of marketing fertilizers, industrial chemicals and plastic resins and olefins.
By decree of the President of the Bolivarian Republic of Venezuela, Hugo Chávez Frías, Pequiven went from being a subsidiary of Petroleos de Venezuela (PDVSA), to become an independent corporation under the Ministry of Popular Power for Oil and Mining.
This independence allows the company to consolidate a stronger, able to push the plastic processing industries and the agro-industrial sector and chemicals industry.
