According to the report of the “Trumpao†of Argentina on February 8, 2011, the president of Nippon Denso Co., Ltd. visited Azerbaijan’s Christina and said that his company will invest 27 million pesos on the basis of 2010, and will invest 5,000 more between 2011 and 2012. Million pesos to produce high-tech auto parts.
It is reported that the investment will produce a variety of auto parts including radiators, which were previously produced only in Brazil. According to the report, the above investment is intended to replace the current import of 50 million pesos per year. At the same time, it will seek the export of 15 million pesos and create 80 jobs.
Argentine Minister of Industry George said that Nippon Denso Co., Ltd.'s expansion of investment in Afghanistan is consistent with the Albanian government's policy of encouraging local foreign companies to increase the proportion of products made in China.
At present, the Argentine auto industry has a total of 400 companies of various types, employing 52,800 people. The proportion of localization in the next two years is expected to reach 60%. In 2010, the industry's total investment was 690 million US dollars.
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