"In the industry, we suffer the side effects of taking 5 antibiotics to cure a multiple infection"

In the already clbadic meeting of the end of the year with the press, in which he participated Infobae, the industrialist who bet five years ago on the recycling of the former factory of refrigerators and cars SIAM, to produce up to 100,000 units per month, and with a perspective of five years to reach 200 000 devices per months, now accumulates stocks the equivalent of 8 months of sales, at the current rate of just 4,000 units per month, described the harsh reality that affects the production of the so-called white line, without neglecting the band "brown "TVs and sound, as well as small household appliances, which also fell into a brutal recession; and the electronics that has been affected by the total opening of imports of mobile phones and electronic tablets, among others.

"The only activity that is doing well is the export of shrimp, with exports of about 200 million dollars a year," said Cheñajovsky, accompanied by General Manager, Luis Galli.

The businessman said: "We are suffering the effect of taking 5 antibiotics to treat a multiple infection, because the high volatility that weighed on the price of the dollar since the end of April threatened the entire economy. so we had to adopt orthodox policies. It will therefore bear the side effects of applied medicine to overcome a multiple infection of cultural origin. "And this led the government to seek financial badistance from the International Monetary Fund.

In this regard, it considered it essential that "the stabilization of the dollar and the reduction of interest rates are essential to restore a sector in which citizens are more concerned about the quota to be paid than the value of the product and know that with 60% interest rates for a financial investment and more than 140% annual for public financing, you can not go out and buy. "
In any case, the industrial stressed that "it is still possible to recover the power of purchase of wages and, from there, to improve the"… mood of the people ".

Rubén Cheñajovsky added that "we will also have to add measures to reduce public spending and, from there, taxes, because the tax burden is very high".

However, he did not hesitate to notice that "it's a task that will not be easy because in Argentina, everyone pulls at his side, but at some point, he has to start giving in, and that's must include amendments to the labor legislation to be more competitive, today has a difference of 1 to 3 with Brazil ".

And he concluded with a hard message, of general scope: "If these conditions are not met, many companies will not be able to resist and many jobs will be lost."

That's why he ended his message with an informal discussion with reporters who asked him questions about his expectations for the next national elections: "As an entrepreneur, I do not care so much about the names of the winners, but they follow policies with stable rules to be able to maintain and plan long-term investments".

The company celebrated this year its arrival in a strategic sector for Argentina because it is renewable energy in the hands of Vestas, the world leader of the sector, where they jointly invested 22 million USD to start the manufacture of wind turbines. the Campana factory, after it has been refurbished to produce small appliances. "

Also Newsan Group $ 16 million investment in Inclusive Businesses, where 200 people helped repair 12,000 small appliances and they were able to practice the profession as self-employed.

While in October, he signed an alliance with LG where the Argentine company resumed the marketing of its equipment in the country television, audio and video channels, commercial air conditioners, dishwashers, kitchens and refrigerators, among other categories.

For next year plans to further develop the renewable energy sector and boost the urban mobility segment.