Mirgor

Mirgor is an Argentinean company that produces electronics, mobile and automotive components, and exports, distributes and commercializes agricultural products. It has its administrative headquarters in the city of Buenos Aires,[2] and industrial sites in Río Grande,[3] Garín[4] and Baradero.[5]

Mirgor S.A.C.I.F.I.A.
TypeS.A. (corporation)
NYSE: MIRG
Founded1983 (1983)
HeadquartersBuenos Aires
Río Grande, Argentina
Key people
CEO: José Luis Alonso[1]
WebsiteOfficial website

It is engaged in electronics and auto parts production; design and execution of engineering and system projects; commercial channel management and retail activities;[3] and, since 2018, in agricultural business.[6][7]

Its annual revenue in 2022 was approximately 2 billion dollars (without financial debt).[8] Mirgor is a partner of international brands such as Samsung, Toyota, Ford, Fiat, GM, Mercedes-Benz, Volkswagen and Volvo.[9]

By 2023, it is expected to be among the 100 Argentine companies with the highest number of exports[10] and employs over 4,500 people.[11]

History

The company was founded by Nicolás Caputo, Roberto Gustavo Vázquez[12][13][11] and Mauricio Macri[14][15] in 1983.[16][17]

The company began by producing car air-conditioning systems in the city of Río Grande in Argentina.[18][19][20]Its first product on the market was the Peugeot 504 air conditioner, which Mirgor designed and developed for Sevel.[21] Macri sold his shares in the company in 1994[22][15]and left the board in 1996.[23]

In 1994, Mirgor began to list its shares on the Buenos Aires Stock Exchange and the London Stock Exchange.[21]

In 2004, the company began production of home air-conditioning systems.[18][24]

In 2009, Mirgor purchased Industria Austral de Tecnología S.A. (IATEC), which produced mobile phones for Nokia in 2010[25] and televisions for LG in 2011.[26] Production of audio and video equipment and microwaves began in 2012,[27] followed by Dell notebooks a year later.[25][28]

IATEC began assembly of mobile phones and televisions for Samsung in 2014,[25] along with automotive electronics products for Pioneer.[18][3] In 2017, a subsidiary called GMRA was formed, for the branding of consumer electronic and electric products.[27] Also in 2017, the company received IATF 16949 and ISO 9001 certification.[29][30]It is currently IPC-A-610 Class 3 certified..[31][32]

In 2019, Mirgor acquired Famar Fueguina S.A, a holding corporation of Holdcar and Electrotécnica.[33] Famar Fueguina SA carries out activities of manufacturing and supplying parts for the automotive industry, mainly electronics.[34][35][36]

In 2019, Mirgor began exporting wheat, soybeans and corn.[37][38]

Also in 2019, the company opened a logistics center located in Garín, Argentina.[39]

In October, 2020 Mirgor acquired the Argentinean subsidiary of wireless communications company Brightstar Corporation.[40]

During the COVID-19 pandemic, Mirgor developed OxiTemp App, which allows to measure and monitor blood oxygen saturation, heart rate and body temperature. [41]

In October 2021, it signed an agreement with the Argentine Aircraft Factory (FAdeA), with the aim of promoting the development and production of aircraft components made in Tierra del Fuego, such as the Pampa III.[42][43][44]

In November 2022, Mirgor a Outokumpu Fortinox S.A, a company dedicated mainly to import and sell of different types of steel.[45][46]

In December 2022, Mirgor authorities presented to the provincial authorities of Tierra del Fuego the project for the construction of the Rio Grande city port, which will require an investment close to US$ 210 million.[47]

Also in December 2022, Mirgor agreed with Aerolíneas Argentinas to operate cargo transportation by Mirgor SA, through the addition to its fleet of two B737-800 aircraft, a freighter type with a capacity to transport 22 tons.[48]

The acquisition of Sauceco, in March 2023, implied its definitive expansion into the agro-industrial sector.[49]

In May 2023, Mirgor signed a contract with Millicom and began operating in the United States under the name of Mirgor USA LLC. The company announced that it will focus on the planning and supply of cellular phones, centralizing these operations in Miami.[50][51]

Mirgor is currently promoting the project to create a port in Río Grande, where most of the electronic companies in the province are located.[52]The estimated investment is US$ 380 million and a construction time of 2 years starting in 2024.[53]

Products and services

Mirgor has 9 business units.

  • Manufacturing: electronics and autoparts production.
  • Retail: management of commercial channels and retail activities.
  • Innovation: design and execution of engineering and systems projects.
  • Agriculture: agribusiness development.
  • Supply Chain: reception, storage, preparation and distribution of goods.
  • Distribution: distribution of advanced technology and comfort products.
  • Services: Provision of technical services and integral solutions.
  • Global[54][55][56]

In the automotive sector, the company produces air conditioning equipment, infotainment systems and control modules for several automotive companies.[57][27] The Group is currently building ONTEC, a plant in Baradero for the production of appearance parts for the automotive industry.[58][59]

As for consumer electronics, Mirgor also manufactures cell phones, televisions and monitors, among others[60][61]and has its own retailer named Diggit.[62]

Mirgor operates Samsung stores in Argentina[63][27] and has its own retailer called Diggit.[64] [65]

Mirgor Distribution distributes its own manufactured products and gives local distribution and international commercialization to other manufacturers, retailers, resellers, telephone operators and other third parties.[66]

Regarding the Services department, Mirgor is dedicated to the reconditioning of equipment, providing protection services and after-sales services. It also offers repurchase and exchange services.[67]

The company has a business division called Mirgor Innovation that develops software programming and mechanical engineering projects.[68][3]

It owns 9 industrial sites, 5 in Rio Grande, 1 in Ushuaia, and 3 in the province of Buenos Aires. Between the 9 industrial sites, they total more than 90,000 m2.[69]

The Group is currently building ONTEC, a plant in Baradero for the production of special parts for the automotive industry combining plastic and electronic products of high complexity.[70]

Awards

Mirgor received Toyota's "Best Performance Supplier Award″ in 2021 and the Regional Contribution Award in 2022.[71][72]

Foundation

In 2022, Mirgor presented the "Mirgor Foundation: Community development towards the future". Through the Foundation, Mirgor seeks to accompany the communities in which it has presence by the promotion of four main areas of work: Education, Health, Culture and Habitat.[73][74][75]

In June 2023, the Foundation announced the opening of a first technological innovation competition for entrepreneurs.[76]It also opened different courses for the professional training of operators in Tierra del Fuego.[77][78][79]In September 2023, they launched a new course on the use of artificial intelligence in education.[80]

References
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  2. "Mirgor: el desafío en 2021 para el Grupo Mirgor y para Tierra del Fuego será exportar más". Grupo La Provincia (in Spanish). Retrieved 2021-01-08.
  3. "Mirgor Group". TopCEOs.
  4. "Mirgor: el desafío en 2021 para el Grupo Mirgor y para Tierra del Fuego será exportar más". El Economista. Retrieved 14 July 2023.
  5. "Mirgor invertirá u$s 71 millones en una nueva fábrica de autopartes". El Cronista (in European Spanish). Retrieved 14 July 2023.
  6. "40 años de innovación y crecimiento: el impresionante viaje de Mirgor en la industria argentina". Reporte Asia (in European Spanish). Retrieved 14 July 2023.
  7. "De Argentina para el mundo: Mirgor y su apuesta al sector agroindustrial". ExpoAgro (in Spanish). Retrieved 2023-07-30.
  8. "Mirgor fortalece su logística con Aerolíneas Argentinas Cargo y anuncia dividendos". Forbes (in European Spanish). Retrieved 14 July 2023.
  9. "Mirgor, 38 años impulsando la industria y la innovación". Forbes (in European Spanish). Retrieved 14 July 2023.
  10. "Mirgor destacada entre las 1000 empresas que más exportan en Argentina". Reporte Asia (in European Spanish). Retrieved 14 July 2023.
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  13. "Tierra del Fuego: cómo se discute la nueva matriz productiva en la economía del fin del mundo". A24. Retrieved 16 July 2023.
  14. "Una historia que va desde el pionero Mauricio Macri hasta los permisos de Débora Giorgi". Noticias. Retrieved 16 July 2023.
  15. "Mega contrato entre Aerolíneas y una empresa que controla Caputo". Clarín. Retrieved 16 July 2023.
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53.797°S 67.73°W / -53.797; -67.73

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