Mirgor

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Short description: Argentine technology company
Mirgor S.A.C.I.F.I.A.
TypeS.A. (corporation)
NYSEMIRG
Founded1983 (1983)
HeadquartersBuenos Aires
Río Grande, Argentina
Key people
José Luis Alonso (CEO)[1]
Roberto Gustavo Vázquez (President)[2]

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,[3] and industrial sites in Río Grande,[4] Garín[5]Baradero and Bolívar.[6]

It is engaged in electronics and auto parts production; design and execution of engineering and system projects; commercial channel management and retail activities;[4] and, since 2018, in agricultural business.[7][8]

Its annual revenue in 2022 was approximately 2 billion dollars.[9] Mirgor is a partner of international brands such as Samsung, Toyota, Ford, Fiat, GM, Mercedes-Benz, Volkswagen and Volvo.[10]

It is expected to be among the 100 Argentine companies with the highest number of exports[11] and provides employment to over 3,000 people, [12] including a workforce of 130 engineers. [2]

In the early days of 2024, Mirgor's stocks rose by more than 50%. [13]

History

The company was founded by Nicolás Caputo, Roberto Gustavo Vázquez[14][15][12] and Mauricio Macri[16][17] in 1983.[18][19] Roberto Gustavo Vázquez, hailing from Ford, already had experience in the automotive industry. [2]

The company began by producing car air-conditioning systems in the city of Río Grande in Argentina.[20][21][22] Its first product on the market was the Peugeot 504 air conditioner, which Mirgor designed and developed for Sevel.[23] At that time, only 5% of cars in Argentina came with air conditioning. [2]

Macri sold his shares in the company in 1994[24][17] and left the board in 1996.[25]

In 1994, Mirgor began to list its shares on the Buenos Aires Stock Exchange and the London Stock Exchange.[23]

After the 1998–2002 Argentine great depression, a restructuring of the company took place. Among other innovations, it started manufacturing home air conditioners and ventured into the still novel cellular phone industry. [2]

In 2004, the company began production of home air-conditioning systems.[20][26]

In 2009, Mirgor purchased Industria Austral de Tecnología S.A. (IATEC), which produced mobile phones for Nokia in 2010[27] and televisions for LG in 2011.[28] Production of audio and video equipment and microwaves began in 2012,[29] followed by Dell notebooks a year later.[27][30]

IATEC began assembly of mobile phones and televisions for Samsung in 2014,[27] along with automotive electronics products for Pioneer.[20][4] In 2017, a subsidiary called GMRA was formed, for the branding of consumer electronic and electric products.[29] Also in 2017, the company received IATF 16949 and ISO 9001 certification.[31][32] It is currently IPC-A-610 Class 3 certified.[33][34]

In 2019, Mirgor acquired Famar Fueguina S.A, a holding corporation of Holdcar and Electrotécnica.[35] Famar Fueguina SA carries out activities of manufacturing and supplying parts for the automotive industry, mainly electronics.[36][37]

The group entered the agro-industrial sector in 2018.[6]In 2019, Mirgor made its first exports of wheat, soybeans, and corn[38][39][6]In March 2023, it acquired an approximately 1,500-hectare field in San Carlos de Bolívar for its own agricultural and livestock production.[6]

Also in 2019, the company opened a logistics center located in Garín, Argentina.[40]

In October, 2020 Mirgor acquired the Argentinean subsidiary of wireless communications company Brightstar Corporation.[41]

During the COVID-19 pandemic, Mirgor developed OxiTemp App, which allows to measure and monitor blood oxygen saturation, heart rate and body temperature.[42]

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.[43][44][45]

In November 2022, Mirgor a Outokumpu Fortinox S.A, a company dedicated mainly to import and sell of different types of steel.[46][47]

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.[48]

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.[49]

The acquisition of Sauceco, in March 2023, implied its definitive expansion into the agro-industrial sector.[50]

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.[51][52]

Mirgor is currently promoting the project to create a port in Río Grande, where most of the electronic companies in the province are located.[53] The estimated investment is US$380 million and a construction time of 2 years starting in 2024.[54]

In November 2023, the company successfully issued a negotiable debt obligation for US$ 300 million, opening up new investment opportunities to the public. [2] [55]

In December 2023, Mirgor expanded its presence into Uruguay, serving as a representative for global brands. [56]

Products and services

Mirgor has 8 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[57][58][59]

In the automotive sector, the company produces air conditioning equipment, infotainment systems and control modules for several automotive companies.[60][29] The Group is currently building ONTEC, a plant in Baradero for the production of appearance parts for the automotive industry.[61][62]

As for consumer electronics, Mirgor also manufactures cell phones, televisions and monitors, among others[63][64] and has its own retailer named Diggit.[65]

Mirgor operates Samsung stores in Argentina[66][29] and has its own retailer called Diggit.[67][68]

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.[69]

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.[70]

The company has a business division called Mirgor Innovation that develops software programming and mechanical engineering projects.[71][4]

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.[72]

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.[73]

Mirgor Agro closed 2023 with more than 1,000,000 tons of various commodities and specialties exported. [74]

Awards

Mirgor received Toyota's "Best Performance Supplier Award″ in 2021 and the Regional Contribution Award in 2022.[75][76]

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.[77][78][79]

Education

In June 2023, the Foundation announced the opening of a first technological innovation competition for entrepreneurs.[80] It also opened different courses for the professional training of operators in Tierra del Fuego.[81][82][83] In September 2023, they launched a new course on the use of artificial intelligence in education.[84]

In January 2024, it organized "Codechallenge Tierra del Fuego," a competition for residents of the province with intermediate or advanced programming skills in any language. [85] [86] The educational projects of the Foundation, in collaboration with Samsung, were recognized by the legislatures of the City of Buenos Aires and Tierra del Fuego. [87]

Culture

In November 2023, the Mirgor Foundation entered into a strategic framework agreement with the Joint Antarctic Command (COCOANTAR) to promote the development and well-being of the Argentine community in Antarctica. The representatives of the Foundation's visit included the donation of electronic devices. [88] [89] [90]

References

  1. "José Luis Alonso, CEO de Mirgor: "El país no puede prescindir de sus industrias"" (in es). Forbes Argentina. https://www.forbesargentina.com/liderazgo/jose-luis-alonso-ceo-mirgor-el-pais-puede-prescindir-sus-industrias-n20525. 
  2. 2.0 2.1 2.2 2.3 2.4 2.5 "Mirgor fortalece su logística con Aerolíneas Argentinas Cargo y anuncia dividendos" (in es). Forbes Argentina. https://www.forbesargentina.com/innovacion/mirgor-expande-su-innovacion-mercado-internacional-va-busca-su-tercera-estrella-n42912. 
  3. "Mirgor: el desafío en 2021 para el Grupo Mirgor y para Tierra del Fuego será exportar más" (in es). https://www.grupolaprovincia.com/economia/mirgor-el-desafio-en-2021-para-el-grupo-mirgor-y-para-tierra-del-fuego-sera-exportar-mas-620991. 
  4. 4.0 4.1 4.2 4.3 "Mirgor Group". https://topceos.net/mirgor-group/. 
  5. "Mirgor: el desafío en 2021 para el Grupo Mirgor y para Tierra del Fuego será exportar más". El Economista. https://eleconomista.com.ar/negocios/grupo-mirgor-comenzara-producir-notebooks-auriculares-relojes-inteligentes-n58537. 
  6. 6.0 6.1 6.2 6.3 ""Tenemos el código postal tachado por la gran mayoría de los fondos de inversión"" (in es-ES). Ámbito Financiero. https://www.ambito.com/agronegocios/tenemos-el-codigo-postal-tachado-la-gran-mayoria-los-fondos-inversion-n5841136. 
  7. "40 años de innovación y crecimiento: el impresionante viaje de Mirgor en la industria argentina" (in es-ES). Reporte Asia. https://reporteasia.com/economia/comercio/2023/07/11/el-impresionante-viaje-de-mirgor-en-la-industria-argentina/. 
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  38. "Mirgor comenzó a exportar granos" (in es). https://www.cronista.com/apertura-negocio/empresas/Mirgor-empezo-a-exportar-granos-20191216-0006.html. 
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  40. "Centro Logístico Garín" (in es). https://mirgor.com.ar/unidades-de-negocio/logistica. 
  41. "Mirgor compró Brightstar, fabricante local de celulares que se va del país" (in es). 2020-10-22. https://www.lanacion.com.ar/economia/negocios-mirgor-compro-brightstar-fabricante-local-celulares-nid2486789. 
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  69. "Qué es y cómo funciona un centro de distribución - LyC.com" (in es-AR). 2021-02-24. https://logisticaycargo.com/que-es-y-como-funciona-un-centro-de-distribucion/. 
  70. "Compran celulares usados para darles una segunda vida: cómo es el sistema y a qué precio venden los dispositivos" (in es). https://www.forbesargentina.com/innovacion/compran-celulares-usados-darles-una-segunda-vida-como-sistema-precio-venden-dispositivos-n32954. 
  71. "Mirgor negotiates with brands to replace LG's production and sustain 200 jobs in Tierra del Fuego - Convergencia Latina". https://www.convergencialatina.com/News-Detail/323816-3-8-Mirgor_negotiates_with_brands_to_replace_LGs_production_and_sustain_200_jobs_in_Tierra_del_Fuego. 
  72. "Comprometidos con el desarrollo de nuestro país" (in es). https://mirgor.com/wp-content/uploads/2023/06/MIRGOR-REVISTA-FINAL.pdf. 
  73. "Mirgor creará empresa autopartista: se llamará ONTEC y tendrá tecnología de punta" (in es). https://eleconomista.com.ar/economia/mirgor-creara-empresa-autopartista-llamara-ontec-tendra-tecnologia-punta-n43862. 
  74. "Mirgor Agro cerró un 2023 con muy buenos resultados y se prepara para un 2024 cargado de desafíos y oportunidades" (in es). https://www.expoagro.com.ar/mirgor-agro-cerro-un-2023-con-muy-buenos-resultados-y-se-prepara-para-un-2024-cargado-de-desafios-y-oportunidades/. 
  75. "Mirgor recibió el premio al "Mejor Proveedor" de 2021 entregado por Toyota" (in es). https://www.infobae.com/economia/networking/2022/05/17/mirgor-recibio-el-premio-al-mejor-proveedor-de-2021-entregado-por-toyota. 
  76. "Mirgor recibió el premio al "Mejor Proveedor" de 2021 entregado por Toyota Latinoamérica y Caribe" (in es). https://mirgor.com/newsroom/mirgor-recibio-el-premio-al-mejor-proveedor-de-2021-entregado-por-toyota-latinoamerica-y-caribe/. 
  77. "Se presentó la Fundación Mirgor" (in es). https://www.comunicarseweb.com/node/36368. 
  78. "Se presentó la Fundación Mirgor: Desarrollo comunitario hacia el futuro" (in es). https://calidadtdf.com.ar/nota/val/5775/val_s/25/se-present%C3%B3-la-fundaci%C3%B3n-mirgor-desarrollo-comunitario-hacia-el-futuro. 
  79. "Se presentó la Fundación Mirgor: Desarrollo comunitario hacia el futuro" (in es). https://www.futurosustentable.com.ar/se-presento-la-fundacion-mirgor-desarrollo-comunitario-hacia-el-futuro/?fbclid=IwAR2qE1tFaesl4O1TcUjwFpd_6breGxKLoIBdnJJjxXKeZ0atLsJV_BdICpE. 
  80. "Llegó "IDEAS MÁS, Proyectos en acción"" (in es). https://fundacionmirgor.org/se-viene-ideas-mas-proyectos-en-accion/. 
  81. "La Fundación Mirgor inicia un nuevo curso" (in es). https://www.airelibre.com.ar/la-fundacion-mirgor-inicia-un-nuevo-curso/fbclid=IwAR2qE1tFaesl4O1TcUjwFpd_6breGxKLoIBdnJJjxXKeZ0atLsJV_BdICpE. 
  82. "Fundación Mirgor abre convocatoria a nuevo curso para la formación de operarios en Río Grande" (in es). https://criticasur.com.ar/nota/41718/fundacion_mirgor_abre_convocatoria_a_nuevo_curso_para_la_formacion_de_operarios_en_rio_grande. 
  83. "Mirgor: Se graduaron 84 nuevos estudiantes del CBI" (in es). https://www.surenio.com.ar/mirgor-se-graduaron-84-nuevos-estudiantes-del-cbi/. 
  84. "Desde la Fundación Mirgor lanzaron el curso para docentes sobre inteligencia artificial" (in es). https://www.airelibre.com.ar/desde-la-fundacion-mirgor-lanzaron-el-curso-para-docentes-sobre-inteligencia-artificial. 
  85. "Inicia la inscripción al Codechallenge Tierra del Fuego 2024" (in es). https://www.tierradelfuego.gob.ar/blog/2024/01/02/inicia-la-inscripcion-al-codechallenge-tierra-del-fuego-2024. 
  86. "Sumate al Code Challenge Tierra del Fuego: Una iniciativa para potenciar el desarrollo de habilidades tecnológicas" (in es). https://fundacionmirgor.org/sumate-al-code-challenge-tierra-del-fuego-una-iniciativa-para-potenciar-el-desarrollo-de-habilidades-tecnologicas/. 
  87. "Samsung es distinguido por las legislaturas de CABA y Tierra del Fuego, Antártida e Islas del Atlántico Sur por sus Proyectos Educativos" (in es). https://marcelafittipaldi.com.ar/2024/01/samsung-es-distinguido-por-las-legislaturas-de-caba-y-tierra-del-fuego-antartida-e-islas-del-atlantico-sur-por-sus-proyectos-educativos/. 
  88. "¡Llegamos a la Antártida Argentina!" (in es). https://fundacionmirgor.org/llegamos-a-la-antartida-argentina. 
  89. "La Fundación Mirgor llega a la Antártida con acuerdo histórico" (in es). https://reporteasia.com/negocios/2023/12/06/mirgor-antartida-acuerdo-historico. 
  90. "Representantes de la Fundación Mirgor viajaron a la Antártida" (in es). https://www.surenio.com.ar/representantes-de-la-fundacion-mirgor-viajaron-a-la-antartida. 

[ ⚑ ] 53°47′49″S 67°43′48″W / 53.797°S 67.73°W / -53.797; -67.73




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