"Offers the greatest opportunities": an Italian group chose Argentina to centralize its regional operation
The Italian agricultural machinery group SDF is centralizing its regional operations in Argentina due to its economic deregulation and growth prospects, shifting from survival to aggressive expansion.
Lodovico Bussolati, the global CEO of SDF (Same Deutz-Fahr), has announced the company's decision to centralize its Latin American operations in Argentina, highlighting the country's economic deregulation as a significant factor. During his visit to Buenos Aires for the "Dealer Meeting," Bussolati emphasized that Argentina has emerged as a strategic region for agricultural mechanization in Latin America, especially in light of declining sales in neighboring Brazil.
The company's shift marks a significant change after a decade of fluctuating presence in Argentina, where SDF aims to transition from merely surviving in the market to pursuing an aggressive expansion strategy amidst changing economic conditions. Bussolati noted that Argentina currently presents the greatest opportunities for growth in the region, thus underlining the importance of stable economic policies and a conducive business environment for attracting foreign investment in the agricultural sector.
This decision not only reflects SDF's confidence in Argentina's potential but also serves as an indicator of broader trends within the global agricultural machinery industry, which views Argentina as a testing ground for economic deregulation. The move could have far-reaching implications for local farmers and the agricultural economy, potentially leading to enhanced mechanization and increased productivity in the sector, provided that the economic conditions remain favorable.