News from Berlin
German Construction Firm Knauf Expands in Argentina
June 12th, 2014
News from Berlin – With a dramatic investment of 26.6 million Euros, the German company Knauf will increase by 50% the production capacity of its plaster plant located in the Argentine city of Luján de Cuyo in the region of Mendoza. The funds will serve to renovate the factory’s production chain, which was first inaugurated in 2001, with state of the art technology.
A celebration was organised for the occasion and counted on the participation of the governor of Mendoza, Francisco Pérez, as well as some key figures of the company: Alexander Knauf, director and general manager, Baldwin Knauf, president of the Family Council, Serge Azaïs, its regional director, and César López, general manager of Knauf Argentina.
Following the firm’s announcement, in a videoconference Argentine President Cristina Fernández de Kirchner praised the sustained pace of German investments in the South American country as a proof of confidence in its economic potential. Argentina is the second biggest economy in the region and has undergone dramatic development after it defaulted on its sovereign debt in 2001.
Knauf is a pioneer company in this market sector, and exports up to two thirds of its production to neighbouring countries.
Once the plant reaches its full capacity, it will be the largest factory of plaster panels in South America.
News from Berlin – Berlin Global