ARNEG ARGENTINA ANNOUNCED A NEW INVESTMENT PROJECT

Arneg announced a significant investment destined to add new production lines in its Rosario factory and the construction of a second industrial plant located in Alvear City.

Carlos Pasciullo, General Director of Arneg Argentina, together with other company executives met this Wednesday with the Governor of Santa Fe, Omar Perotti, and by videoconference with the President of Argentina, Alberto Fernández, to celebrate the important announcement.

The meeting was also attended by Juan José Pucheta, Mauro Vallone and Diego Lattanzi for Arneg Argentina, the Secretary of Industry for the Province, Claudio Mossuz, and the Provincial Senator for the Rosario department, Marcelo Lewandowski.

Carlos Pasciullo explained that the investment project consists of two stages:

1) The expansion in Rosario of isothermal panels production lines, which is already done; and

2) The construction of a new industrial plant in Alvear, on a 48,000 m2 land, for the production of insulating panels for mass use, which will take 12 months to start up production.

The work carried out by the company personnel in the assembly and start-up of the new line in Rosario was also highlighted, beacuse due to the quarantine situation, the technicians who had to carry out the installation could not arrive from abroad.

At the same time, Pasciullo pointed out that the viability of this project is based on the 3 pillars that the company has in Argentina: internal human resources, its network of Partners and the entire value chain. Fundamental points to face such an important initiative.