New Balance to manufacture in Argentina
US sports footwear firm New Balance has announced that it will begin production in the Puerto Tirol industrial park in the province of Chaco in Argentina.It will start producing shoes there in February 2023.
The project arose as a result of a recent trip that a delegation of the government of the province de Chaco made to Boston, where they met with representatives of the US Chamber of Commerce.
At the start of the project, two production lines will be incorporated into a 4,000 square-metre plant. The company plans to hire a total of 250 employees.
New Balance’s manufacturing partner for the new project will be a company called Punto Medio.
“Having a global brand in Chaco is an amazing fact and fills us with enormous satisfaction,” said the governor of the province, Jorge Capitanich, during a recent visit to Punto Medio.
