Excologistica S.A.

MIGA is providing $4.2 million in guarantees for an equity investment by Hamburger Hafen- und Lagerhaus AG and a loan by Dresdner Bank Lateinamerika AG for Exologistica S.A., an Argentine logistics company. Both guarantees offer coverage against the risk of transfer restriction. The company's services include transportation, warehousing, logistical administration, and specialty services such as labeling, packaging, and stamping. The investments will allow the company to buy and refurbish additional premises to expand its operations.

The project will contribute to Argentina's efforts to streamline and modernize its transportation and logistic services industry. The company aims to increase productivity and lower transaction costs to its clients by offering "just-in-time" and "low-stock" delivery methods by using electronic data information links. Since a significant portion of Exologistica's services are targeted at MERCOSUR countries, the project will contribute to the region's economic integration. Approximately 50 new jobs will be created and extensive training for professional and technical staff will be provided in-house and at local universities.