camberiu
Registered
- Joined
- Mar 24, 2012
- Messages
- 3,880
- Likes
- 4,612
ORIGINAL ARTICLE IN PORTUGUESE
Google Translated:
At least three companies in the automotive sector have announced, in the last two weeks, the closing of factories in Argentina and the migration of operations to Brazil . First, it was Basf and Axalta, companies that produced paints and resins for automobiles, announcing the migration last week. Now, Saint-Gobain Sekurity, of French origin, has closed a layoff agreement for its 150 employees. The plant, specialized in the production of windshield glass, will be incorporated by the Brazilian subsidiary.
The decisions call into question the industrial policy of the current president of the country, Alberto Fernandez. Saint-Gobain set up the factory in 2016 at a cost of 200 million dollars, in an agreement with the former occupant of Casa Rosada, Mauricio Macri.
In November 2019, President Jair Bolsonaro stated, in a fussy way, that the government had mapped companies that were willing to exchange Argentina for Brazil. In a publication on Twitter, he stated that the multinationals Honda, MWM and L'Óreal decided to cross the border, citing a “new investor reliability” in the country that will help create new jobs. Given the negative repercussion of the publication, about an hour later, the post was deleted.
Argentina is not experiencing the crisis that it suffered between the 1990s and 2010. However, the deterioration of local economic fundamentals remains. At the beginning of this decade, it was possible to buy 1 dollar with less than 4 pesos. Ten years later, it takes 71 pesos to acquire a measly dollar, making a devaluation of 1.675% in the period.
Google Translated:
At least three companies in the automotive sector have announced, in the last two weeks, the closing of factories in Argentina and the migration of operations to Brazil . First, it was Basf and Axalta, companies that produced paints and resins for automobiles, announcing the migration last week. Now, Saint-Gobain Sekurity, of French origin, has closed a layoff agreement for its 150 employees. The plant, specialized in the production of windshield glass, will be incorporated by the Brazilian subsidiary.
The decisions call into question the industrial policy of the current president of the country, Alberto Fernandez. Saint-Gobain set up the factory in 2016 at a cost of 200 million dollars, in an agreement with the former occupant of Casa Rosada, Mauricio Macri.
In November 2019, President Jair Bolsonaro stated, in a fussy way, that the government had mapped companies that were willing to exchange Argentina for Brazil. In a publication on Twitter, he stated that the multinationals Honda, MWM and L'Óreal decided to cross the border, citing a “new investor reliability” in the country that will help create new jobs. Given the negative repercussion of the publication, about an hour later, the post was deleted.
Argentina is not experiencing the crisis that it suffered between the 1990s and 2010. However, the deterioration of local economic fundamentals remains. At the beginning of this decade, it was possible to buy 1 dollar with less than 4 pesos. Ten years later, it takes 71 pesos to acquire a measly dollar, making a devaluation of 1.675% in the period.
