With investments exceeding 20 million dollars, the Córdoba plant will manufacture CNG engines for export
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The economic course adopted by Javier Milei continues to show signs of real reactivation. Iveco Group, through its FPT Industrial subsidiary, will invest US$20 million between Argentina and Brazil.Córdoba will be the site for the manufacturing of new compressed natural gas engines, with a focus on exports.
From the Ferreyra neighborhood, 70% of production is already destined for external markets. Trade liberalization and deregulation create conditions that allow for long-term planning. The industrial plan projects results through 2030, with a strong impact on employment and technology.
With an initial investment of US$2 million already executed, the plant operates with 300 workers in two shifts. The machining center operates 24/7, with state-of-the-art machinery. Córdoba thus consolidates its profile as a regional industrial hub.
Los motores NEF 60, NEF 67 y Cursor 13 están destinados a transporte, agricultura y energía.
Córdoba will export engines
FPT produces CNG engines of up to 460 horsepower, which will be exported throughout Latin America. This year, they plan to reach 1,200 units. By 2026, they expect to reach 1,500 engines exported from Argentina, with exclusive local production.
The multi-energy strategy is based on competitiveness and efficiency, taking advantage of low tax pressure. Currency freedom allows profits to be repatriated and inputs to be imported without obstacles. This positions the country as a reliable supplier in the regional market.
"Argentina is the only country that manufactures this type of engine," said Carlos Tavares, president of FPT Latin America. He stated that the investment is possible thanks to the current economic framework. With clear rules, private capital is once again betting on national industry.
Con una inversión inicial ya ejecutada de U$S 2 millones, la planta opera con 300 trabajadores en doble turno.
Deregulation and fiscal balance make investing in Milei's Argentina profitable again
NEF 60, NEF 67, and Cursor 13 engines are intended for transportation, agriculture, and energy. The plant has already produced more than 222,000 units since its inauguration in 2012. Today, it is the only engine factory with international scale in the country.
The investment includes new test benches and compressors, without the need to expand infrastructure. This was possible thanks to the plant's flexible design. Less bureaucracy means lower costs and greater operational efficiency.
Iveco emphasized that the current macroeconomic stability is key for making investment decisions. The end of currency controls and predictability generate confidence. The liberal model is beginning to show its results in the productive sector.
India lands in Argentina after the economic shift: Tata acquires Iveco Group
The news coincides with Tata Motors' acquisition of Iveco Group for US$4.3 billion. The operation aims to expand into new markets and diversify products. Argentina, under Milei, is becoming a gateway platform for Latin America.
"Tata sees a great opportunity in this new Argentine economic context," Tavares explained. Fiscal predictability and trade liberalization generate appeal for major investors. The free market is once again a protagonist in industrial policy.
Carlos Tavares, presidente FPT Industrial América Latina
The agreement will allow Tata to enter the heavy vehicle segment and Iveco to strengthen its position in Asia. The integration represents a strategic opportunity for both groups.
With lower taxes, no currency controls, and clear rules, real investments are beginning to arrive. The case of FPT Industrial in Córdoba confirms this. Javier Milei's government is creating the necessary conditions for the private sector to produce, export, and grow without depending on the State.
