German companies have confirmed to Secretary of Industry and Productive Development, José Ignacio de Mendiguren, that they will continue investing in Argentina during the Secretary’s trip to Germany. In Stuttgart, de Mendiguren met with authorities from the automotive company Mercedes-Benz, who confirmed their investments in Argentina, as well as initiatives to increase exports. The Germany tour is a continuation of German chancellor Olaf Scholz’s visit to Argentina in January, Industry Secretariat sources said in a statement. In Ludwigshafen, Mendiguren visited the facilities of BASF, which specializes in organic chemistry and has been present in Argentina for more than 70 years. He stressed that Argentina is an important player in the current context of the company’s activities, and confirmed that BASF is planning investments for 2023.

Source: Bueno Aires Herald April 29, 2023 01:33 UTC