The President of IVECO in Latin America Márcio Querichelli and the President of IVECO Group in Argentina Santos Doncel Jones presented their investment plan to the Minister of Economy Sergio Massa and the Secretary of Industry and Productive Development José Ignacio de Mendiguren, to develop CNG heavy trucks and buses in the country, boost exports and increase the national share in their production.
In this sense, during the meeting, the IVECO authorities ratified their confidence in the country and announced that they decided to invest in the development and production of CNG trucks and buses in Argentina, promoting sustainability based on the reduction of gas emissions, particulate matter and noise. They also assured that Argentina has conditions to boost exports of these vehicles.
“This announcement is another example of the confidence of top international companies such as IVECO in the development of the country, and ratifies the opportunities we have to accompany investments with cutting-edge technologies that promote the transition towards more efficient and environmentally friendly energy sources,” said Minister Massa.
For his part, Mendiguren highlighted the support provided by the State to these investments with tools and regulatory frameworks that allow “accompanying the growth of a sector such as the automotive, which is an emblem of the structural change that we are promoting in the country. We have been meeting the objectives that we set ourselves to sustain the level of activity while promoting the structural change of the productive matrix to make the leap to definitive development, generate more exports and put an end to the frequent crises that affect Argentina.”
IVECO recently announced its new investment plan of USD 200 million to boost the growth of the company in Latin America, from which it will develop new products, such as the EURO VI line for the entire region, and the renewal of the CNG Tector in Argentina, to continue increasing the supply of products in the alternative fuels field.
The IVECO group, which has 28 manufacturing plants around the world, has been based in Argentina for more than 50 years. In Córdoba, the company has the only heavy truck factory in the country.
Source: Ministry of Economy of Argentina
