Arab Today, arab today coke renaultnissan launch investments in argentina
Last Updated : GMT 20:32:04
Arab Today, arab today
Arab Today, arab today

Coke, Renault-Nissan launch investments in Argentina

Arab Today, arab today

Arab Today, arab today Coke, Renault-Nissan launch investments in Argentina

Drinks giant Coca-Cola
Buenos Aires - AFP

Drinks giant Coca-Cola and car maker Renault (Xetra: 893113 - news) -Nissan have each announced big new investments in Argentina in a sign of renewed foreign interest after a pro-business government took power there.

The Renault-Nissan conglomerate will invest $600 million to launch construction of three new kinds of pickup truck at its plant in Cordoba, central Argentina, the government said on Friday.

On Thursday, it announced that US company Coca-Cola, the world's biggest drinks maker, would invest $1.0 billion in expanding its bottling and distribution operations in Argentina over the next four years.

Argentina, Latin America's third-biggest economy, emerged last month from 12 years of protectionist trade policies under former president Cristina Kirchner and her late husband and predecessor Nestor Kirchner.

The new conservative President Mauricio Macri struck the deals with executives at the World Economic Forum currently under way in Davos, Switzerland, it said.

Macri said the car industry is "fundamental for creating jobs in the quest to achieve zero poverty in Argentina."

The Coca-Cola deal, meanwhile, is a "vital" part of his strategy to boost industry in Argentina.

It (Other OTC: ITGL - news) is the first time Argentina has attended the Davos summit in 13 years, since the leftist Kirchners shunned it.

In Davos, Macri also met with energy, oil, computing and telecom executives.

Since taking office on December 10, he has pushed through economically liberal reforms to reverse Kirchner's policies.

These included freeing up foreign trade and currency controls, moves that critics say will hurt poorer Argentines.

He has vowed to open up Argentina to trade and investment from overseas and to improve its foreign relations

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today coke renaultnissan launch investments in argentina Arab Today, arab today coke renaultnissan launch investments in argentina

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 06:57 2017 Sunday ,26 February

Huawei wins MRM Business Innovation Award

GMT 08:49 2017 Saturday ,25 February

Shell plans $300 mn investment in Argentina shale

GMT 05:40 2017 Saturday ,25 February

British Airways owner reports profit

GMT 15:19 2017 Thursday ,23 February

Companies' commitment to Bahrainisation quotas praised

GMT 14:48 2017 Thursday ,23 February

Etihad Airways Engineering signs deal with Kenya Airways

GMT 12:25 2017 Thursday ,23 February

Bharti Airtel buys Telenor's India operations

GMT 10:47 2017 Thursday ,23 February

Saudi Aramco may offer discounted shares to citizens
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday