UPDATE 1-Mercedes-Benz Trucks and Buses Argentina inaugurates $110 million plant

"Our mission is to ⁠satisfy ​domestic market demand, but also to seek growth potential beyond Argentina.” Mercedes-Benz Trucks ⁠and Buses is a local subsidiary of Daimler ⁠Truck, ⁠one of the world's largest truck manufacturers.

Mercedes-Benz ​Trucks and Buses Argentina on Friday inaugurated a $110 million ‌industrial truck plant in Zárate, a municipality in Buenos Aires province. The factory can produce ‌up to 10,000 units per year ‌and will produce the Atego and Accelo trucks, as well as the OH and OF bus chassis, ⁠company ​executives said ⁠at a press conference.

"We reached a limit in ⁠growth potential, and that led us to seek ​a new plant in Zárate,” said ⁠Achim Puchert, CEO de Mercedes-Benz Trucks. "Our mission is to ⁠satisfy ​domestic market demand, but also to seek growth potential beyond Argentina.” Mercedes-Benz Trucks ⁠and Buses is a local subsidiary of Daimler ⁠Truck, ⁠one of the world's largest truck manufacturers.