Appliance manufacturer Longvie has invested $500 million to recondition its plant in the El Pantanillo industrial park in Catamarca. The company will consolidate all production of water heaters and cooktops at this location. This strategic move aims to lower costs and enhance competitiveness against imported appliances. The province of Catamarca has further supported this undertaking by eliminating the Gross Income tax for the industry. This decision is expected to strengthen Longvie’s position in the market and bolster the local economy within Catamarca. The relocation signals a commitment to domestic manufacturing and a response to challenging market conditions. The investment underscores Longvie's long-term strategy for growth within Argentina.