The content has been shared, if you want to share this content with other users click here.
Argentine appliance manufacturer BGH has cut the ribbon on a US$85mn plant in Tierra del Fuego province, according to a government release.
The factory, which will be used to manufacture devices such as monitors and mobile phones, measures more than 30,000m2 and will employ 1,200 employees.
BGH will leverage its joint venture with Brazilian computer manufacturer Positivo Informática to add an additional 10,500m2 to the facility this October.
Both firms are investing US$50mn to launch a new line of laptops under the brand name Positivo BGH.
The factory opening was attended by authorities such as Argentine President Cristina Fernández and Tierra del Fuego governor Fabiana Ríos.
Earlier this year, the Argentine government issued a new decree offering tax benefits aimed at increasing manufacturing of laptops, modems, netbooks and tablets for new companies, as well as for those who already have operations in Tierra del Fuego.