Argentina’s Manufacturing Sector Faces Crisis Under Milei’s Economic Reforms
Historic Argentine manufacturers are scaling back operations or closing entirely amid rising import competition and economic pressures. President Javier Milei’s reforms achieve fiscal stability but devastate local industry, with unemployment rising and political support waning ahead of crucial elections.
Manufacturing Decline Hits Historic Argentine Businesses
According to reports from Buenos Aires, longstanding Argentine manufacturers are facing unprecedented challenges under President Javier Milei‘s economic overhaul. Family-owned company Lumilagro, which produced signature steel and glass thermoses for over 80 years, has dramatically scaled back operations, the report states. Commercial manager Carlos Bender indicated the company now imports most of the vacuum flask thermoses it sells at prices up to 30% lower than local production costs.
