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Venezuelan footwear production held back by banking restrictions

12/10/2022

The president of the Venezuelan Chamber of Footwear and Components (CAVECAL), Tony Di Benedetto, has said in recent comments that the sector is currently covering around 25% of national demand.

“We have the capacity to cover up to 60% or 70% of national demand, but owing to production and productivity issues in our companies, we have not yet reached the required levels,” he said.

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