The Herald went to the Sello de Buen Diseño fair, open until Sunday at the CCK
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Industry
Flurry of lithium initiatives includes quotas, battery factories, electric vehicle law and tax changes
Prices for some kinds of paper tripled last year. The cost is being passed on to customers.
BusinessIndustryMining
Industrializing lithium: a “Chilean model” with market quotas and business incentives
The government is focusing on lithium, the mineral of the future, given its importance in energy transition. They consider sending a bill package to Congress to industrialize it in order to create added value and jobs. The initiatives may include a “quota” bill for the internal market, ad …
BusinessDollar & PesoIndustry
Customs fine a company from Pirelli´s holding US$20 million for overstating value of imports to get dollars
The Argentine government slapped Prometeon, a licensee of the Milan-based tire manufacturer Pirelli, with a US$20 million fine on Thursday for over-declaring the value of its imports by that sum. According to an investigation by Argentina’s tax and customs authorities, from 2020 to 2022, Prometeon regularly sent tires …
BusinessIndustryMining
Argentina’s only sodium carbonate producer, Alpat, expands to join lithium chain
The company Alcalis de la Patagonia (Alpat), the only producer of sodium carbonate in South America, has launched an investment plan of US$250 million. Located in Río Negro, the company has begun to expand production in order to export to five countries in the region. In addition, demand …
BusinessDollar & PesoIndustry
Tighter controls on import maneuvers: corporate fines top US$1 billion
The Economy Ministry, led by Sergio Massa, issued fines of more than US$1 billion in just one semester for maneuvers in foreign trade, both for over-invoicing and under-invoicing of exports. While the ministry claims the solution is to lower the exchange rate gap that has held at 100% …
The Economy Ministry, headed by Sergio Massa, has moved forward with the elimination of a benefit that lithium exporting companies in Argentina used to enjoy. Starting this year, mining companies will not have access to export refunds, a provision that had a fiscal cost of more than US$170 …
BusinessDollar & PesoIndustry
Import system adjustment aims to accelerate companies’ use of their own dollars
The government is monitoring imports through meetings of the SIRA system committee and conversations with business chambers. The end goal: “managing” the shortage of dollars and preventing the lack of inputs from interrupting production in factories, thus causing labor problems. The Argentine Industrial Union (UIA) released a harsh …