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CAME Warns of Surge in Company Closures as Imports Open and Consumption Slumps

CAME attributes the closures to falling consumption combined with import liberalization.

Overview

  • CAME reports a rising wave of shutdowns across multiple sectors in Argentina, including food producers.
  • Recent examples cited by the group include Whirlpool’s plant closure that affected about 220 workers and the dairy company La Suipachense.
  • The business chamber links the trend to a demand slump that is curbing retailers’ orders to factories after its push for longer installment plans stalled under the government’s non‑intervention stance.
  • It also warns that increased import competition—particularly products from China—is displacing local goods.
  • CAME highlights what it calls a roughly 50% tax load on domestic products, while former production minister José Ignacio De Mendiguren framed Whirlpool’s exit as a broader warning and noted the plant’s exports to Brazil.