B2-DH12-B ement for th to th position see pages to A Bevel-helical gear boxes B2

Flender/Flender Gear Units/Bevel-helical gear boxes B2

n with additional credits, the government could support Victoria de Julio by offering the same rate for power supplied to the national grid as it presently pays to Costa Rica. This would also alleviate the country' current power crisis. -9 VI. MANAGEMENT, LABOR, LEGAL & OTHER ISSUES This section of the report describes the management, labor and legal aspects relating to the valuation of Victoria de Julio. . Legal Entity The Complejo Agroindustrial Azucarero de Reforma Agraria Victoria de Julio is public enterprise assigned to CONAZUCAR, the holding company for the public sector sugar mills. . Organization and Management Direction of Victoria de Julio is currently the responsibility of four person administrative board composed of three members nominated by the government and one by the workers. The organization chart for Vi, oria de Julio is presented on the following page. Victoria de Julio began operations in 1. The Executive Director and most of the division management have university and master degrees. Most of the top management team of the mill have experience working in one or more of the other sugar companies in the country. Department managers generally have university degrees or extensive sugar mill experience. Several of the management team worked on the construction of Victoria de Julio. Victoria de Julio was constructed in an area of the country that had no sugar industry tradition. Management and workers had to be recruited from other regions of the country or trained. As the industrial plant was donated by the Cubans, large number of IVJ employees were trained in Cuba. Eight years later, 1 of these employees trained . Cuba are still working at Victoria de Julio. The poor results of the mill during the 1s can be attributed in part to the start up operations. Hyperinflation and the poor overall economic conditions prevailing in Nicaragua since the mid 8s certainly made financing, import procurement and operations manage