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December 25, 2022
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Caputo family company will expand its production of gadgets in Buenos Aires

Caputo family company will expand its production of gadgets in Buenos Aires

The mirgor groupone of the largest electronics producers in Argentina, will manufacture notebooks Y headphones Y Smart Watches state-of-the-art technology at its Garín plant, in the Escobar district of Buenos Aires. This was announced by the company to the Minister of Economy, Sergio Massa, in a ceremony organized at the factory.

According to official sources, the investment, of 10 million dollars, will be in charge of Mirgor and Agro y Tec, its partner in that business. The project will involve the creation of a new production line and the expansion of the Mirlog plant —its factory in Garín, where it currently makes tablets—, “with the highest global standards of production, technology and knowledge”, stressed the press release from advertisement. The initiative will generate more than 100 direct jobs. Through her Twitter account, Massa referred to a total of 200 “genuine” jobs. The Minister also anticipated that the initiative, in addition to consumer electronics products, contemplates the production of medical equipment.

The initiative will generate more than 100 direct jobs.

Founded in 1983 as a supplier to Sevel, the automotive giant of the Macri group, Mirgor is now controlled by the Caputo family, owner of half of its capital. The rest are listed on the Buenos Aires Stock Exchange, with the National State, through ANSeS, as the largest individual shareholder.

The group has its main plants in Tierra del Fuego. With 3,700 employees, it has seven business units, ranging from the manufacture of electronic components for the automotive industry —it is a supplier to most of the terminals that operate in the country— to consumer electronics products —it is the only local manufacturer of cell phones for Samsung—, retail (it is in charge of the commercialization in the country of all the lines of the Korean brand) and, more recently, it ventured into the export of agricultural commodities and the development of software.

In continuous expansion and search for new business, also took off with the development of parts for aeronautics. Last year, he announced a $71 million investment in OnTec, a greenfield factory in Baradero, Buenos Aires province, to supply complex plastic parts and profiles for Toyota. Weeks ago, he announced the purchase of Outokumpu Fortinox, an importer and exporter of different types of steel, mainly stainless steel, also located in Garín.

During the pandemic, it kept the local assets of the American Brightstar and, at the beginning of the month, offered 1.6 billion Argentine pesos for the plant in the Ambassador Fueguina ravine, in Ushuaia.

However, due to its size, its largest current project is the development of a multimodal port 17 kilometers north of Río Grande, Tierra del Fuego —where its main plant is located—, estimated today at 380 million dollars, as announced last week. past, in an act with the Governor of the province, Gustavo Melella.

In nine months of 2022, Mirgor billed 205,260.68 million Argentine pesos. It had a net result of 6,338.7 million pesos.

“It is a great pride and great joy to be able to announce this new investment that is going to be made in our property in Garín, where, to the already existing production lines for tablets, production lines for notebooks and technology will be added, and smart watches and headphones,” said Mirgor’s general manager, José Alonso.

The executive, according to the statement, thanked “enormously the authorities who support us, listen and help us because this, alone, cannot be done.”

“Thank you very much to everyone who has made this great project possible, which will continue to grow over time. Truly, we can say that, in a short time, Argentina is a producer of complex electronics, of technology, and it is a country that can export technology to the world,” he added.

“Last week, we had the first export of cell phones produced in Argentina to a neighboring country, Paraguay, with 140,000 sets exported,” said Massa.

“It is exporting Argentine work to our region and to the world. It is the challenge we have to get out of the recurring logic due to the crisis of tight dollars,” he emphasized, in an act that was also attended by the Secretary of Industry and Productive Development, José Ignacio of Mendiguren; the Knowledge Economy, Ariel Sujarchuk; and that of Commerce, Matías Tombolini, among other officials. The general secretary of Smata, the mechanics’ union, Ricardo Pignanelli, also attended.



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