South American Real Estate News

These upcoming Foreign Investments in Argentina have been confirmed by foreign investors

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Argentina will receive an injection of Foreign Investments  in the coming months, both European companies such as automotive Volvo to Latin American as the Brazilian cement company Camargo Correa, the local Foreign Ministry reported.

Several international companies announced investments last week, being the most prominent are those from the automotive sector, said a statement today by ministerial media.

Volvo confirmed that it will invest 15 million dollars to renovate and expand its dealerships in Argentina, taking advantage of the sales growth of trucks.

In addition, the Swedish company confirmed that advances in an investment plan designed to provide Argentine components to the production worldwide group, which will involve a second batch of 10 million dollars.

The French company Peugeot will invest 50 million pesos, around 9,143,000 dollars in infrastructure in order to accompany the strong sales growth in the country.

The Japanese group Denso, dedicated to the manufacture of auto parts in Argentina announced that a new radiator for five models of the Peugeot and Citron. The investment of nine million dollars, will allow substitute imports.

The Brazilian Camargo Correa confirmed that it will continue with the four-year investment plan initiated in 2011 at Loma Negra for 400 million dollars, of which 250 million will be allocated to the construction of a plant in the province of San Juan.

Votorantim Metals, another Brazilian firm, will start exploratory tasks called “Toro Project”, town of Iglesia, San Juan Province, address to the search of ores from April 2014.

Finally, the Chilean United Breweries Company invested 12.7 million in a new logistics center near the industrial park Sauce Viejo, Santa Fe, which will be running at full capacity by the end of August.

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