Wednesday, February 22, 2017

the last rim company in Argentina has closed, imports undermined the price point, and it's outta business

Cimetal started in business in 1954, was bought by Mefro, a German company, in 2001, and employed 160 people.

The conflict at the Mefro Wheels plant is controversial, metallurgists claim the German company wanted to close the plant, prevent the sale to companies that could compete with the export of its wheels manufactured in its subsidiaries in Germany, France and China.

 The situation caused different automotive terminals, such as Ford and Volkswagen, to stop buying aluminum tires at the Rosario plant. By 2017 it was projected to place 600 thousand tires on the market.

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