Nike announces $ 5 million in Argentina.
The multinational manufacturer of athletic footwear and apparel Nike announced today that this year will invest $ 5 million to expand its production in Argentina, officials said. Details of the investment plan were presented today by the CEO of Nike Argentina, Eduardo Mignaquy, at a meeting in Buenos Aires with Argentina's Minister of Industry, Debora Giorgi. Disbursement will
for the development of a sewing center, acquisition of machinery for the manufacture of soles, the extension of an assembly line of footwear and assistance to local companies supplying Nike.
The plan announced by the company will generate 650 new jobs, said the Ministry of Industry of Argentina in a statement.
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