ANNOUNCEMENT 01 Apr 2015In April 2015, the government of Argentina announced a change in the required local inputs to serve domestic customers.
NUMBER OF INTERVENTIONS
The government of Argentina, announced that from 1 April 2015 to 31 December 2015, the program "Renovate" will be effective. The core scope of this program is to replace old refrigerators and washing machines with new models which were assembled in Argentina.
Participating consumers receive a discount of 25% on the purchasing price of the locally assembled product. They may also choose to pay the product in 12 monthly installments without interest.
The program includes domestic as well as foreign brands under the condition that the sold product has been assembled in Argentina.