The local subsidiary of the German company inaugurated its new plant in Pacheco that will allow it to double its production and export capacity. The announcement is part of a good expectation for the construction sector by 2025.
With the expectation that economic activity will accompany, Fischer, the German dowel manufacturer inaugurated a new plant in Pacheco with an investment of more than $10 million that will allow it to double its production and export capacity. This is the largest investment made by the German multinational in the countrywhose project took two years to execute. In addition to this commitment, they also announced that they will seek the complete integration of logistics operations, generating new jobs and the commitment to export a line to USA and South America.
Eric Castanier, CEO of Argentina and regional director Americas, commented: “Our recent investment in infrastructure in Argentina represents a fundamental step in our commitment to strengthening our operations in the region.” “This advance will allow us to respond with greater agility to the demands of the local market and, at the same time, enhance our export operations.”
“In the last three years, we have been fortunate to double our turnover in Argentina and begin to consolidate other markets in the region. With the support of our headquarters, we look to the future with ambition and determination, projecting to quadruple our operations by 2030,” said Castanier. At the moment, Fischer has more than 120 employees in the country and expects to increase this number as production grows.
In the last two years, despite the economic crisis, all German companies stayed in the country and others expanded their presence. The company’s current turnover is 1.6 billion euros and by 2030, they announced that they will seek to reach 2.5 billion euros. Although production is 100% local, the raw materials are imported, the steel of which comes from both Brazil and the country of its parent company, Germany. This year, Fischer inaugurated 8 new franchises in the country, and plans to open between 20 and 25 new stores next year.
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Companies in a promising environment for 2025
This investment made by the company, although it started two years ago, highlighted that the current economic conditions in Argentina favored the promotion of long-term investments. Exports, currently at 10%, are projected to reach 20% by 2025, accompanied by an expected recovery of the domestic market. Two of the reasons that generated a “promising” future were money laundering and access to credit.
The construction sector, according to the latest INDEC data for the month of September, has seen a drop of more than 29%. However, that month there was an increase of 2.4% compared to August, showing a slight rebound. By 2025, the expectation is that the private sector will drive the activity.
The company was founded by German businessman Artur Fischer, recognized for inventing plastic dowels, a product that transformed the manufacturing industry. construction at the end of the 50s.
Although since its inception in 1958 in Germany it has established itself as the main manufacturer of these innovative elements, in the last four decades, under the direction of Klaus Fischer, it has evolved into a diversified global group.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
