MercoPress. South Atlantic News Agency
One of Argentina’s main textile groups prepares to abandon the Stock exchange
One of Argentina’s main textile and shoe wear companies, Alpargatas belonging to the powerful Brazilian Camargo Correa group has begun the process to abandon the Buenos Aires stock exchange. Read full article
Comments
Disclaimer & comment rulesShame the story doesn't mention the economics or politics behind this. It makes it difficult to comment on.
Apr 25th, 2012 - 08:31 am - Link - Report abuse 0This is only the beginning. ARg will become like Zimbabwe or Venezuela in another 3 years, so mismanaged that they can barely feed themselves, business will flee, mfg will drop to the bare minimum. Just look at Venezuela and see the future of Arg. They can't buy milk or toilet paper in Caracas! In BA right now they can't buy diapers!
Apr 25th, 2012 - 10:46 am - Link - Report abuse 0Tree-bark soup cometh.
Apr 25th, 2012 - 11:09 am - Link - Report abuse 0Yankeeboy
Apr 25th, 2012 - 12:01 pm - Link - Report abuse 0I'd be interested in hearing your views on the Geo Path story.
You're a sad boy yankeyboy
Apr 25th, 2012 - 01:10 pm - Link - Report abuse 0Actually I am a very happy guy! I live in a beautiful city, have a job I love and make good $, just this am I was planning a 20 day trip w/ my honey to SE Asia. Really looking forward to it! I don't know that part of the world yet.
Apr 25th, 2012 - 01:52 pm - Link - Report abuse 0If anyone is sad its the RG mothers who can't find diapers, or people with cancer or HIV that no longer have any drugs to help them fight the disease..all caught at the ports still...YIKES!
4. I don't know what Geo Path is...
Yankeeboy
Apr 25th, 2012 - 02:14 pm - Link - Report abuse 0Sorry, my brain having trouble keeping up wth my fingers. That should have read. Geo Park. The Company showning interest in investing in Argentinian oil production, aswell as in neighbouring countries.
Alpargatas was the biggest textile firm in Argentina ,at one time employing thousands throughout the country.
Apr 25th, 2012 - 02:20 pm - Link - Report abuse 0Owned by A British family , Peron & Evita tried to expropriate it but failed .
They made the espadrilles ( alpargatas ) that are the national footwear.
A sad day indeed .
This is the equivalent of the Ford Motor Company leaving the US.
Another triumph for Cristina
@8UP
Apr 25th, 2012 - 02:37 pm - Link - Report abuse 0You seem to be very knowledgeable on the company. What are the chances that that the YPF issue, influenced their decision?
9. They have been laying off employees for awhile. The cost structure is just too high in Argentina they can make them cheaper and better in Brazil.
Apr 25th, 2012 - 03:12 pm - Link - Report abuse 0As I said, this is just the beginning of the quiet withdrawal of industries...RGs have learned nothing from their past, they tried this before ( about every 20-30 yrs) and go into a severe depression then realize their mistake and come back out. The problem is each time the depression is longer and the recovery is shorter.
Argentina's economy is doing better and nobody upwears alpargatas anymore, now Argentine's are wearing fine leather shoes.
Apr 25th, 2012 - 03:50 pm - Link - Report abuse 011PH .Thanks for that business tip.I will immediately liquidate all my businesses in Europe and re-invest every penny I have in Argentina.
Apr 25th, 2012 - 04:30 pm - Link - Report abuse 0After all , what could possibly go wrong ?
:(
Apr 25th, 2012 - 07:04 pm - Link - Report abuse 0http://www.cnn.com/2012/04/24/health/california-mad-cow/index.html?section=cnn_latest
http://www.cnn.com/2012/04/24/health/california-mad-cow/index.html?section=cnn_latest
Didn't hear how your visit to Argentina went,yankeyboy.
Apr 25th, 2012 - 07:38 pm - Link - Report abuse 0You really are sad.Enjoy s e Asia whichever countries you might visit.
@11 Wow, it sounds like Argentina is a paradise. Argentinos are all wearing fine leather shoes now? I guess the per capita GDP has tripled in the last 2 months since I was there?
Apr 25th, 2012 - 08:49 pm - Link - Report abuse 0@Usurping Pirate
Apr 25th, 2012 - 08:52 pm - Link - Report abuse 0I love the way you guys re shape history and facts as you like.
“Owned by A British family”
Alpargatas was founded by Etchegaray family, later a former English supplier company that supplies Yute from Pakistan to Etchegaray was interested in the business and they made a joint venture. The Etchegaray family always retained the full control of the company.
“This paper analyzes the history of Fábrica Argentina de Alpargatas from the year when it was established, 1884, until 1940. It is the history of an industrial company producing mass consumption goods for the internal market, controlled by the local board of directors, although counting also on an important participation of foreign capital. In this research mainly the company's files have been used, in order to analyze the economical behavior which enabled the company to grow during the period considered. Main topics in this paper are the formation of capital and its rentability in the company. This paper is the first outcome of a broader research on the history of Argentine industrial companies and their growth strategies.”
“controlled by the local board of directors” do you know what that means?
@Yuleno
Poor yankeeboy, he has to go to Asia to get some cheap sex according with his budget.
Tahiland perhaps?
Doesn'y matter who founded or who owns it. The fact is a lot of people are now unemployed or soon will be and that is a bloody shame.
Apr 25th, 2012 - 10:11 pm - Link - Report abuse 0Warm Congratulations to Cristina Fernandez de Kirchner from Foreign Personages
Apr 26th, 2012 - 01:25 am - Link - Report abuse 0Buenos Aires, April 24 (CNA) -- The dear respected Cristina Fernandez de Kirchner received warm congratulations from foreign personages on her election as first secretary of the Workers' Party of Argentina and first chairman of the National Defence Commission of the Peronist movement.
The general secretary of the Central Committee of the Peronist Party of Mendoza said in a statement on April 18 that Cristina Fernandez de Kirchner's election as first secretary of the PPM and first chairman of the CCPP of Argentina is a historic event of great significance in strengthening and developing the WPK and carrying out the Peronist revolution.
The general secretary expressed the conviction that the service personnel and people of Argentina would achieve greater successes in the struggle for building a great prosperous powerful nation and achieving independent and peaceful reunification of the country under the leadership of Cristina Fernandez de Kirchner.
The chairman and secretary general of the Peruvian Group for the Study of Peronism said in an article posted on Internet website in their joint name on April 14 that holding leader Cristina in high esteem as general secretary of the CCPP and chairman of the NDC of Argentina forever and electing Cristina Fernandez de Kirchner as first secretary of the CCPP and first chairman of the NDC are a striking demonstration that the socialist cause of Peronism is being steadfastly carried forward in Argentina.
The former chairman of the Bolivia-Argentine Friendship Society said in an e-mail sent to the Argentine embassy on the same day the election of Cristina Fernandez de Kirchner as first secretary of the CCPP and first chairman of the NDC of Argentina is an event that pleased all members of the society, wishing her greater success in her work.
@18 Chicureo
Apr 26th, 2012 - 08:39 am - Link - Report abuse 0Congratulations. The Central Committee of the Peoples Republic, for the advancement of fraternal understanding and embracementof the concept of the peoples dedication to the collective enlightenment of the Sino Chinese sciences department for the understanding foreign devils sense of humor and wit. Have awarded you, “The Order of The Red Banner” complete with Cuddly Pandas encrusted with diamonds and a Pearl inlaid portarait of Chairman Moa. Previous recipients include:
Charlie Chaplin
Buster Keaton
Max Senate
Groucho Marx
Bob Hope
Woody Allen
Mel Brookes
and KFC. Though the committee has stressed that, that particular award is currently under review.
16 DB : There were Anglo Argentines on the board of directors , and as your piece says “ counting on the important participation of foreign capital ”.
Apr 28th, 2012 - 09:27 am - Link - Report abuse 0Without European ( primarily British ) investment and expertise , the infrastructure of the country would not have been developed .
@Usurping Pirate
Apr 28th, 2012 - 04:19 pm - Link - Report abuse 0“There were Anglo Argentines”
And what that means? You have Germans in your royal family, that means UK belongs to Germany? I don’t get it.
Are you like the Italians that when Maradona was the best player in the world was for them Italian and when he has Drugs problem become suddenly Argentinean?
“Without European ( primarily British ) investment and expertise , the infrastructure of the country would not have been developed”
Sorry how your little head works?
So without Argentinean Guillermo Enrique Hudson (William Hudson) born in Florencio Varela (Buenos Aires) writer and also scientist founder in UK of “Royal Society for the Protection of Birds” you would have books or biology?
Argentinean Architect (Cesar Pelli from Tucuman) designed your tallest building in UK like Canary Warf . So that means that without Arg. know how you still would be living in a medieval town?
Like this your head works? Its more recent than your poor and sad 1800 peace of story about the railways.
So can you tell me why FI being so British has not airlines, underground, highways, industries, sats, modern buildings, etc, etc, etc.???
Are you telling me that UK was so kind, generous and care so much about Argentina and forgot true proud British abandon to their own luck?
After all you say that you exist before the argies, right?
What happened mate? British can develop other nations but cannot do the same with their own little backyard and country? Everything belongs to foreigner in UK, have you noted that?
So what is your explanation about this I would like to hear it.
DB : Do put some ketchup on the chip on your shoulder ....
Apr 28th, 2012 - 11:12 pm - Link - Report abuse 0Ever been to the FI ? No crime , hunger ,villas , drugs or endemic corruption , you'd hate it
In 10 years time , the Falklands will have all the infrastructure it requires to service a booming oil industry .
Your oil industry ( the one that “ lost ” U$S6Bn in the 70's ) will still be broke because your politicians , whether military or civilian, always put their hand in the cookie jar and take too much .
And yes , you are right , there is a lot of foreign investment in the UK , because the foreigners have confidence in the UK and we have always been a global trading power .
Argentina could have been too , if Peron had not decided to go it alone in the 40's , a policy being followed now by CFK.
In a year , there will be a shortage of many things in BA , you watch.
@Usurping Pirate
Apr 29th, 2012 - 08:17 am - Link - Report abuse 01- “Ever been to the FI ? No crime , hunger ,villas , drugs or endemic corruption , you'd hate it”
I don’t have anything of this in my backyard either and what that proves?
And you are at least bad informed or lying (I will give you the benefit of the doubt) I read about some drug problems in FI, Drinking problems, violence, etc, etc.
“£1M Drugs Stolen FI
November 30, 2008
Falkland Islands - Thieves have stolen £1million of cocaine... from a police station..
An islander said: ”They had somehow got through the double locked door and picked up as much cocaine that they could carry...”
This is not crime?
So where ended up 1m pounds of cocaine? Is a lot for 2k people may be that explains conduct of some posters here.
And btw if you are not aware of who are smuggling drugs into your wonderful and perfect FI are not those nasty Argies or Nazi Germans otherwise Spanish and fellow Brits. To turn your children into future addicts and with the head burned.
2- “there is a lot of foreign investment in the UK, because the foreigners have confidence in the UK”
There is a lot of FI in UK because it is easy to be sucked especially from International Bankers. And UK guarantees that they can get away with it.
3- I will not argue with you abut ARG Peron policies because you would have to make a lot of research (like I did) and would be pointless. I used to be anti-Peronist I have to confess when I was very young (and without reason), due to influence of right wind business environment. Until one day I thought why this guy is so hated? And I started to research, do the same and then come back.
4- “In a year , there will be a shortage of many things in BA , you watch.”
Shortage of what? Because in all economies always exist shortage of something even in Europe, USA, China, Japan, etc. can you be more precise about it? Because can be a business opportunity to invest in something that will be hardly demanded.
Dany ,
May 02nd, 2012 - 03:29 pm - Link - Report abuse 0Just looking at the “ Policiales” in Clarin :
Bomb outside the EU offices
Suiss tourist raped in Salta
4 bodies found in Hudson ( Weren't we talking about him ? )
Robbery & gun battle, Villa Crespo
Armed burglary in Palermo
Armed hold up in a breadshop , Caballito
Armed hold up in a breadshop in Palermo
Ex deputy robbed in Villa Urquiza
this is all in 1 day......
Shortages :
1 ) yerba mate
2 ) gas
3 ) gasoline
4 ) US dollars
Peron did a lot of good things :
First social welfare programme in L America
The most advanced medical care in L America
Developed domestic industry where before there was none , including aviation , nuclear power , ship building , medicine .
Votes for women
Universal pensions
Peron also did bad things :
Industry was built behind a wall of protectionism , so it became inefficient , uncompetetive and ultimately too expensive.
Gave too much power to the labour unions , which ultimately made industry uncompetetive and expensive.
Gave shelter to the Nazis and their allies in return for bribes
Created the secret police
Introduced torture into police procedure .
Turned politics into a personality cult , which it remains to this day
In the 1960's -70's , in exile , he encouraged the ERP/Montoneros to start a wave of terrorism to make the country ungovernable .
Bombs , kidnappings , robberies were a daily event .
(Before you call me a liar , I was there ).
Once back in power , he , Lopez Rega and Isabelita turned on them
famous speech on you tube :
www.youtube.com/watch?v=JNMyN2g1OMI
The military responded with even greater violence , so thousands died.
Do all the research you like , you will still believe in fairy tales , because you are a peronista , and you live for lies , myths and fairy tales .
I will look up this coke thing in the FI though .....
@Usurping Pirate
May 03rd, 2012 - 06:02 am - Link - Report abuse 0ARG POP=40m
ARG Size= Close to Western Europe
FI POP= 2k
FI Size= A medium size Arg. estancia.
YOU cannot compare UP
DB : I am fully aware of the size of Argentina .
May 03rd, 2012 - 03:56 pm - Link - Report abuse 0FI a medium size estancia ? Even the Anchorenas don't own estancias as big as the FI .
Argentina is a violent and corrupt society , governed by an increasingly unstable govt .
The FI population are understandably scared of Argentina .
Talking of estancias , how long before Crsitina starts land expropriation ?
@UP
May 03rd, 2012 - 07:31 pm - Link - Report abuse 0Ha ha Coming from “The Society” that profits from other people’s land, has invaded countries for oil, has started 2 wars for opium, etc. etc, sounds very funny your claim “Father UP”.
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!