VENEZUELAN ALUMINUM FIRM TO CREDITS
  the venezuelan state aluminum company
  venalum is negotiating a total of 123.9 mln dlr in credits from
  abroad for a planned expansion of production faciities, finance
  minister manuel azpurua said.
      Azpurua spoke to reporters after meeting representatives of
  the kreditanstalt fur wiederaufbau (kfw) bank of germany, who
  tommorrow will sign a agreement to grant 100 mln marks (54.9
  mln US dlrs) in credits to venalum.
      The agreement will have an eight and one-half year term and
  a fixed interest rate of 6.13 pct.
      Azpurua said venalum is negotiating credits of 14.9 mln
  dlrs from the swiss bank corporation, 14 mln dlrs from
  mitsubishi of japan and 40 mln dlrs from eksportfinans of
  norway.
      "this proves we are achieving our goal of reestablishing
  the financial flows to the country," said azpurua.
      The credits would go to the installation of a fifth
  production line in venalum, one of three state aluminum
  companies, which produces primarily for the export market.
  

