CARACAS, Venezuela, Sept. 30 (UPI) -- Venezuelan President Nicolas Maduro defended the nationalizing of a factory owned by Clorox.
After the company, based in Oakland, Calif., announced last week it would close its production facilities in Venezuela -- claiming the country's annual inflation rate of 63.4 percent and government price controls on its products were hindering it -- Venezuelan authorities seized the facilities Friday. The government claims Clorox abandoned the facilities.