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Whirlpool opens factory in Argentina with $52 million investment

Appliance maker Whirlpool Corp is set to inaugurate a new factory in Buenos Aires after a $52 million investment, with plans to export more than 70% of the local production, Joao Carlos Brega, the firm’s Latin America chief, said. The plant, which will employ some 400 workers, will produce 300,000 washing machines each year and export $50 million worth of products around Latin America, mainly to Brazil. Making an investment of this amount, $52 million, is not looking to the short term.

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