"We were stealing": two government measures reduced profits for companies after years of record profitability
A confession by a tire industry businessman sparked government scrutiny of various sectors, as President Javier Milei labeled certain entrepreneurs as "criminals" for taking advantage of protective commercial policies.
With the Same Stone
The article discusses the legacy of the FATE tire factory, established by Leiser Madanes, and the current challenges faced by Javier Madanes Quintanilla as he navigates the family business.
FATE: why was the plant decided to close a day before the CGT strike?
The Argentine tire manufacturer FATE has decided to close its plant shortly before a major strike due to significant operational issues and uncompetitive costs.
Questions and answers about the closure of the Fate plant
The closure of the Fate plant in San Fernando, Argentina, after over eighty years of tire production raises numerous questions about the future of the industry and the fate of the displaced workers.
A controversial decision, China with free rein and a union that is a thorn in the side
The article discusses the impact of Chinese imports on Argentina's manufacturing sector, particularly focusing on the tire industry.
The numbers behind the tire sector crisis
The Argentine tire industry is facing a severe crisis marked by falling apparent consumption and increased imports, leading to plant closures and rising unemployment.
Javier Madanes Quintanilla, the engineer who closed FATE, founded by his grandfather
Javier Madanes Quintanilla, who inherited the tire manufacturing company FATE from his grandfather, announced the company's closure.
Closure of Fate: the UIA expressed its 'great concern' for the industry and pointed out the 'distortions' in international competition
The closure of Fate, a tire factory in Argentina, has raised alarms about job losses and industrial capacity, prompting the UIA to criticize international competition.
It's not just the clothes: imported tires have already won the battle
The dominance of imported tires has drastically reduced local production in Argentina, particularly affecting the long-established FATE company.
This stock climbed to 12,000 rupees in a snap, dividend announcement
Shares of tire manufacturing company MRF Limited surged to 12,000 rupees following a strong quarterly profit announcement, recording a net profit of 691.83 crores for the third quarter of FY 2026.
P Zero and Cinturato at the top, Cyber Tyre protagonist: Pirelli's golden year
Pirelli's Cyber Tyre has received multiple international accolades, including a recent award for most innovative technology in the tire industry.