Celistics Signs Letter of Intent with 'Renacer' Cooperative

Celistics, a global company specialized in the logistics and distribution of solutions conceived for the mobile and technological industry, has signed a letter of intent with the "Renacer" Cooperative, to assemble cell phones and other wireless devices in the Patagonian district of Tierra de Fuego.

According to the terms of the agreement, Renacer will provide facilities and equipment as well as a team of over 140 workers to Celistics to fulfill the appropriate volume of manufacturing production. On the other hand, Celistics will provide legal, administrative and economic-financial structure necessary for the development of the project. Both the companies plan to attain up to 3 million units yearly.  

With an area of 70,000 m2, Reancer’s is one of the largest production capacities in city of Ushuaia, South of Argentina.

This Business venture has received major support from the government authorities in Tierra de Fuego, the province's economic programs as well as the support of the Bank of Tierra de Fuego.

"Celistics trusts this business initiative in Tierra de Fuego and expressed interest in expanding in the near future, the productive activity to the local segments of other markets in Latin America," said Mario Witomski, CEO of Celistics in Argentina and Chile, in a statement. "This is a good opportunity to continue the trend of the market growth, as well as service excellence rendered to our customers.  Celistics has been operating with International logistics in Argentina since 2008 and currently we are entirely developing local logistics. Only in 2010, around two and a half million of devices were transported in the country."

Rahul Arora is a TMCnet contributor. He has worked as an editor and freelance writer for several reputed organizations in India. To read more of his articles, please visit his columnist page.

Edited by Rich Steeves