 Other founding shareholders included Robert Turgot Brinsmade (1913–1994), an American international lawyer, Warren William Smith (1865–1956), a U.S. citizen, Oscar Augusto Machado (1890–1966), a Venezuelan, and Carlos Morales, a Venezuelan.Its founding objective was to produce steel rebar, wire rods, structures, and other steel products.Sivensa's first cast was in 1950, and, that year, annual production reached number five tons.