Moura will invest $5.6 mn to expand car battery production

The Argentinean subsidiary of the Brazilian company Moura announced that it would invest 450 million pesos ($5.6 mn) in installing a semi-automatic line to produce medium-size batteries. It will involve hiring local suppliers and generating 50 new jobs at the company’s factory in the Industrial Park of Pilar, Province of Buenos Aires. According to the company, the investment will allow in March next year to increase the production capacity of the plant by 20%, bringing it to 450,000 batteries per year.

Source: Ámbito