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
Category: Industry
Information about Argentina’s economic sectors
Etermax and Universidad de San Andrés promote the development of artificial intelligence talents
Etermax and Universidad de San Andrés encourage the education of young people in the technology industry and bet on their professional development. By creating a game programmed with artificial intelligence, they invite students to experiment and learn how technology works, transforming the way of doing things and boosting people's creativity, leaving systematic work to machines and facilitating decision making.
PwC to invest $45 mn in the country through 2024
PwC presented its new global strategy that involves a total investment of $12 billion for the next five years and the creation of 100,000 new jobs. In the specific case of Argentina, the estimated investment is $45 million between now and 2024, with 1,000 open positions in various areas.
Ganfeng Lithium to invest more than $580 million in Salta
The world's largest lithium company will invest more than $580 million in an extraction project in the province of Salta. The project will be powered by solar energy. The company Litio Minera Argentina SA, a subsidiary of Ganfeng Lithium, will generate more than four thousand jobs with the plan, 1,300 direct jobs and three thousand indirect jobs.
Shell triples its oil production capacity in Vaca Muerta
Shell Argentina tripled its production capacity in Vaca Muerta to reach 42,000 barrels of oil per day. In addition, this week, a new oil and gas processing plant was put into operation in the Neuquén basin, adding 30,000 barrels of oil per day (BPD) to the current 12,000 BPD.
Globant and Mercado Libre announce 1,000 scholarships for young people
Globant and Mercado Libre, in partnership with Digital House, presented in December Certified Tech Developer a training scholarship program designed to achieve the rapid employment of thousands of young people in Latin America. Due to the great demand, they have advanced scholarships and plan to deliver 2,5000 in 2021. To apply, please contact: https://www.digitalhouse.com/ar/acciones/certified-tech-developer
Due to tax pressure, the State retains almost 62% of agricultural income
The June report of the Fundación Agropecuaria para el Desarrollo de Argentina (FADA) showed that in the last quarter, 61.8% of the income produced by the farm retained by the State through the collection of taxes. The main component of these taxes is export duties, which added the tax on bank credits and debits.
Corn producers marketed 59% of the 2020/21 crop year
Encouraged by the international prices, Argentine producers sell corn of the 2020/21 season, which is currently in the harvest stage. Official data show that producers sold already 29.7 million tons in the first week of June, translating into 59% of the estimated 50 million tons of the campaign. According to agro-exporting companies, the sector liquidated a little over $13.5 billion in the first five months of the year.
Arcor Group invests $20 million in a new packaging plant
The Arcor Group announced an investment of 20 million dollars to start a new packaging plant in Misiones. The facility, which will have an annual production capacity of 80 million multiwall bags, will start operations in the first quarter of 2022 and respond to the new requirements and the evolution of the construction, food, chemical and seed markets.
The chemical industry grew 8% in May
The chemical and petrochemical industry continues to show signs of greater dynamism in 2021. According to a report prepared by the sector's chamber, activity grew 8% in May concerning April and 5% for March.
