- Altos Hornos de Vizcaya
"Altos Hornos de Vizcaya" was a
ironworks business that began in 1902 inBilbao with the merger of three iron and steel businesses: "Altos Hornos de Bilbao", "La Vizcaya", and "La Iberia". In the 1990s, following a series of mergers joined it withArcelor .The location was chosen for the iron mineral resources around Bilbao, the proximity to a sea port, and the metallurgical tradition of the area. After the
Spanish Civil War , the industry of Basque Country was left basically intact. This proved to be an attractive feature that drew many people during Spain's rural exodus. The business was thus one of the major forces responsible for the economic development of many of the municipalities ofBiscay , includingBarakaldo ,Sestao ,Portugalete ,Ortuella , and Abanto y Ciérvana.As a consequence of the implementation of the "Plan de Competitividad Conjunto AHV -
Ensidesa ", in December 1994 the CSI Group ("Corporación Siderúrgica Integral") was formed, and it in turn was reorganized in 1997 forming theAceralia Iron and Steel Corporation.References
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