They will announce a Chinese investment for US $ 1,200 million to produce fertilizers

They will announce a Chinese investment for US $ 1,200 million to produce fertilizers

According to diplomatic sources, the factory will become the one with the highest technology in Latin America and the priority will be to supply the domestic market by substituting imports. Although they also point out that with the surpluses the country can be transformed into an export platform to destinations in the region.

The announcement will come at a key moment for the shortage of dollars that runs through the country. The comprehensive project, which had been discussed years ago and was frozen, also includes the construction of a thermal power station to generate energy for the plant and the local inhabitants. At the same time, there will be disbursements of specific funds to improve the infrastructure of the province’s ports.

In order to reactivate this initiative, the Argentine ambassador to China, Sabino Vaca Narvaja, toured last week a model Shaanxi Coal Group plant where urea is produced with facilities similar to those that will arrive in Argentina. On the same trip, he met with the governor of Shaanxi, a province with more than 40 million people and a GDP of $404 billion, and discussed other projects.

Accelerate commercial agenda

Within this framework, Argentina was invited to participate in the province’s trade and investment fair to be held in the first days of September in the city of Xi’an, which, being in the center of China, is vital for logistics of national products that want to enter that market.

During his stay, Vaca Narvaja also visited the Shacman heavy truck production plant, the main automaker in the province, interested in setting up a plant in Argentina to manufacture vehicles for the mining sector. The company has international certifications and produces gas and electric trucks.

Source: Ambito

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