Chavez seizes Smurfit Group in Land reform

[shmuck]

President Hugo Chavez said Thursday that his government has seized land owned by an Irish cardboard maker as part of a sweeping agrarian reform initiative.

The government took control of 3,700 acres (1,500 hectares) owned by the Dublin-based Smurfit Kappa Group because they were being used to grow eucalyptus, a cardboard component, rather than food in violation of Venezuelan law, Chavez said during a televised speech.

Chavez's Government Seizes Irish Company's Land - General * Europe * News * Story - CNBC.com

[Asi-Irish]

Fair play to him.

[Thac0man]

Another industry for Chavez to drive into the ground. If food production drops off to the same degree other state run indistries have, Venezuela could be in serious trouble.