Simplot invested $20 mn and expanded frozen potato production

The Argentine subsidiary of Simplot, a multinational company that produces frozen potatoes and has become one of McDonald's leading suppliers worldwide, made a $20 million investment in its plant in Luján de Cuyo, Mendoza. It projects to produce in 2021 ninety thousand tons of french fries, with a billing close to $100 million, an increase that doubles the values of 2020.

In the first quarter, YPF’s oil production grew 3%

YPF achieved a new horizontal drilling record in Vaca Muerta. According to the local company DLS, the onshore drilling division of Archer Limited, which provides drilling and completion services in Argentina and Bolivia and YPF, 2,245 meters were advanced in 48 hours with Rig 169 in the SOIL-369 well in the Loma Campana block. In the first quarter, YPF's oil production increased 3% compared to the previous quarter. Of this production, 23% came from non-conventional production, which grew by 11%.

Loma Negra cement company increases production capacity by 40%

Loma Negra, the Olavarría-based cement company, held a ceremony to switch on the kiln of the second line of the L'Amalí plant, which will start production next Saturday. The latest generation plant will enable the company to increase its output by 2.7 million tons of cement per year, equivalent to 40% of its current capacity. Its construction required an investment of $350 million and will improve efficiency and productivity.

Newsan Foods invests $2.1 mn in developing mussel production

Newsan Group, the leading manufacturer of electronic products in Tierra del Fuego, will invest 200 million pesos ($2.1 mn) in an aquaculture project to develop the production of mussels in the Beagle Channel. The initiative is part of a diversification of activities of the national capital company, which had already ventured into the fishing and food sectors through its Newsan Food division. The company currently exports to more than 70 countries and has an annual turnover of $180