Curtume CBR sees the light after the Chinese embassy mobilizes. Union sources say that some traders of the People’s Republic have shown interest for the leather made by the Nonogasta-based tannery (Argentina), which has been in crisis for a long period. Asian contacts are allegedly not interested in acquiring the company, but rather entering a commercial partnership with the Argentine entity. In any case, this should support the restart of activities.
Curtume CBR sees the light
As reported by fenix951.com.ar, the leader of the tanners’ union Secala, Federico Zalazar, has spoken with the Labor Ministry Federico Bazán, regarding the matter. The latter explained that “during a visit by the Chinese Embassy, it came out that there are Chinese entrepreneurs in Chaco (the region where the tannery is located), that are interested in commerce activities for the leather and have great expectations regarding how to restart activities”.
No Acquisition
The situation thus appears to be a bit different from what Mr. Zalazar had forecasted at the end of February. At the time there appeared to be two companies interested in the acquisition of Curtume CBR. The two entities were (allegedly) working on finding a 3rd partner among the tanneries in China. Now the entrepreneurs located in Chaco confirm they aren’t interested in buying the company, but rather structure a commercial partnership. The local government would act as an intermediate guarantor of sort during this operation.
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