Argentina

IDB Invest approved a financing package of up to $60 million for Interpack S.A., a Grupo HZ company, to build and equip a new corrugated cardboard packaging plant in Pilar, Buenos Aires Province. The package includes a senior loan and a B loan.

Baker Hughes received an order from San Matias Pipeline S.A. for three NovaLT16 gas turbines with centrifugal compressors, plus services, for a compressor station near Allen in Río Negro province, Argentina.

Baker Hughes will supply three NovaLT 16 gas turbines and three centrifugal compressors, with related services, for a compressor station in Río Negro province, Argentina. The equipment will support gas flows from Vaca Muerta to LNG export facilities.

Mendoza winery Norton announced a 1.9 billion peso investment to build a new industrial hall that will double its sparkling wine production from 2 to 4 million bottles per year. The project is supported by BICE and the Argentine CreAr credit program.

Bertotto Boglione opened a new 8,000 m2 industrial plant in Marcos Juárez, Córdoba, for final assembly of pumps, fuel dispensers and pipes, employing over 200 people.

Cameron Internacional was the only bidder for valve supply for lots 1-4 (110 valves) of Argentina's Vaca Muerta gas pipeline, with a bid of US$10.5 million, and the evaluation committee recommended awarding it the work. State firm Energía Argentina also recommended 30 valves to Válvulas Worcester de Argentina. The report was published on October 5, 2022.

Energia Argentina received seven offers for a valve supply contract for the first phase of the Vaca Muerta gas pipeline, which involves 680 km of new pipe and valves of 20 to 36 inches. Bidders include KSB, Cameron Argentina and Valvtronic.

Amcor Rigid Packaging and Danone launched a 100% recyclable, label-less PET bottle for the Villavicencio water brand in Argentina, with a 21% lower carbon footprint than the previous bottle. The bottle is made from 100% recycled content.

GE Vernova's Electrification business was awarded a services contract by Edesur S.A., part of Enel Argentina, for preventive maintenance and strategic spare parts for three key substations supplying Buenos Aires. The project covers major maintenance of gas-insulated switchgear and supply of spare parts.

Argentine bag maker Corbag invested ARS 100 million to buy and fit out a 2,000 m2 industrial building in Los Boulevares, Córdoba, raising monthly capacity to 3 million units, three times its previous plant.

Ball Corporation announced an expansion of its aluminum can plant in Almirante Brown, Argentina, to raise annual capacity by 30% and create 46 direct jobs. The launch is planned for October 2022.

Weatherford International was awarded an exclusive two-year, $15 million contract by a major independent operator in Argentina to supply 146 surface pumping units for mature fields in the Golfo San Jorge Basin.

Ball has agreed to sell its tinplate steel aerosol packaging facilities in Garin and San Luis, Argentina, to Envases del Plata. The transaction is expected to be completed later in 2019.

Exal Corporation agreed to sell Exal Packaging SA, its aerosol filling business in Garin, Argentina, to Argentine manufacturer Queruclor Group. The sale was completed on 7 August 2019 and clears the way for the Trivium Packaging joint venture with Ardagh Group.

Insumos Industriales S.A., a new company, will set up a fish crate factory in the Trelew industrial park using Chinese machinery to make about 1,200 crates per day, employing ten people initially. A second machine would double output and add ten more jobs.

Wärtsilä was selected to supply a gas-fired engine power plant with five 31SG engines for an Argentine petroleum company's oil fields in the Manantiales Behr basin. The plant starts at 57.4 MW, expandable to 90 MW, and is expected to be fully operational in October 2020.

Franklin Electric acquired Industrias Rotor Pump SA, an Argentinian maker and distributor of water pumping equipment, in Q3 2018.

Papelera Cumbre received industrial promotion benefits for ARS 5,416,821 invested in building a new site at its Córdoba plant, where it plans to add machinery for corrugated board production.

Argentina's government granted Tubos Trans Electric industrial promotion benefits for an investment of ARS 8,419,109 in machinery at its Córdoba plant, which makes motors, generators and transformers.

Franklin Electric acquired Industrias Rotor Pump S.A., a Buenos Aires importer and maker of water pumping equipment that had about $21 million in sales in fiscal 2017. Results will be reported in the Water Systems segment from Q3 2018.

Ball Corporation will add capacity at its Buenos Aires, Argentina facility, its third investment in the country in two years, to serve growing beverage can demand.

Argentine farm machinery maker Mainero is adding a 2,400 m2 industrial building, a paint line and robotic welding at its Bell Ville plant. About $30 million has been invested so far, with the rest spent over this year and next.

Tapì Group completed the acquisition of Tapì Argentina, moving from a minority stake to 90% ownership, with the remaining 10% held by CEO Mariano Paz. The Argentine plant will serve demand across South America.

Argentine equipment maker Ing. Ramón Russo inaugurated a new 2,100 m² industrial plant and showroom near Salta Capital's industrial park on September 21, 2017, producing diesel and gas generator sets, fire protection systems, pressurization equipment and motor pumps.

Nucleoeléctrica Argentina has awarded Tecnatom a contract to supply 28 valves and spares to replace original valves at the Atucha 2 nuclear power plant. Tecnatom will work with Ringo Válvulas on the project.