Sudamtex de Venezuela, C.A., S.A.C.A. – Clase B

What it is

Sudamtex de Venezuela, C.A., S.A.C.A. is a Venezuelan company dedicated to manufacturing textile products including polyester fibre, polyamide, and various types of fabric.

In its prime it was far more than that.

SUDAMTEX was a Venezuelan group with international reach in the Latin American textile industry, formed by subsidiaries in Venezuela, the United Kingdom, Uruguay, Argentina and Colombia, with its industrial hub in Maracay on a 241,000 m² site. Its products spanned cotton cultivation and processing, textile production and marketing, and the fabrication of polyester and nylon polymers, acetate filaments and fibreglass.

Who owns it

Sudamtex traces its origins to a US firm called United Merchants and Manufacturing Co., which expanded into South America from the 1930s onward. In 1986, United Merchants sold its Venezuelan operation to a Venezuelan group, which subsequently also acquired Sudamtex Uruguay.

Not published: following the court-declared bankruptcy of Sudamtex de Venezuela, C.A. on 10 July 2003 (confirmed in Tribunal Supremo de Justicia records), the company passed into the control of court-appointed bankruptcy trustees (*síndicos*).

No post-bankruptcy controlling shareholder, ownership percentage, or free float is disclosed in BVC filings, SUNAVAL’s public registry, or any available primary source. Venezuelan securities law (Ley de Mercado de Valores) requires listed issuers to report material ownership changes, but no such filing has been located for the period after insolvency.

Who runs it

Sudamtex de Venezuela was declared bankrupt by the Juzgado Noveno de Primera Instancia in Caracas on 10 July 2003, which ordered judicial seizure of all its assets and appointed lawyers José Ramón Meignen Medina and Crisanto Bello Paoli as bankruptcy trustees. Those trustees were later replaced through further court proceedings.

Not published: no serving CEO, CFO, or board chair is identified in any BVC filing, SUNAVAL disclosure, or court record available after 2010. Under Venezuelan bankruptcy law, the *síndicos* (court trustees) hold managerial authority over the estate; their current identity is embedded in sealed court files not publicly accessible online.

The money, in plain words

Not published: no annual revenue, net profit, total assets, or any income-statement figure for Sudamtex de Venezuela is available from the BVC’s company-filing pages, SUNAVAL’s public registry, or any audited financial statement found in the course of this research. The company stopped producing goods around 2005 and has had no operating income since.

Venezuelan securities regulations (Ley de Mercado de Valores, Article 9) require listed companies to file periodic financial statements with SUNAVAL, but no such filings for Sudamtex have surfaced in the regulator’s public portal or the BVC’s notifications archive — almost certainly because the bankruptcy estate has not published them and enforcement has not compelled disclosure.

The last documented financial data point is from 1992, when a US$30 million loan was granted to Sudamtex de Venezuela to increase its annual production of yarn and finished fabric by over 50%, from 26 to 40 million square metres. Before insolvency, Sudamtex de Venezuela was described as the largest publicly listed textile company in Venezuela, facing the need to renegotiate approximately US$45 million in debt.

What it is doing now

One of Venezuela’s leading textile companies, Sudamtex de Venezuela filed for liquidation to cover its financial obligations, after domestic recession and growing competition from imported textiles eroded its sales. Inaugurated in 1948 as the most modern textile factory in the country — pioneering rayon and synthetic fibre — it remained in operations until 2005, when it was declared bankrupt.

Wikipedia’s index of Caracas-listed companies records simply that “the Uruguayan-owned textile company Sudamtex closed down.” The BVC’s live electronic trading system (SIBE), read directly on 10 July 2026, shows no STX.B price, volume, or bid-ask data — the ticker is absent from all active market feeds. The shares exist on paper as a registered instrument (STX.B, ISIN VEV0012110B, last nominal value VES 20 (US$0.03)) but represent a claim on a bankrupt estate, not a going concern.

What to watch

• Bankruptcy closure: Venezuelan insolvency proceedings can drag for decades; any court ruling finally liquidating the estate and delisting STX.B would be the definitive end-point for residual shareholders.
• Asset disposition: The Maracay factory site — 241,000 m² in an industrial zone — remains subject to litigation over land title, as court records show disputes between trustees, creditors and community groups over the property.
• Disclosure gap: SUNAVAL has been expanding its enforcement of listed-company reporting rules since 2022; any order requiring the bankruptcy estate to publish accounts would be the first financial disclosure in roughly 20 years.
• Delisting risk: As of 1 February 2026, there were 32 listed companies on the BVC — Sudamtex’s continued formal registration, despite zero trading, is anomalous and may be reviewed under any future market-modernisation effort.

This is news, not investment advice.