One of the main agricultural machinery companies reported losses of almost $26.5 billion and announced a strong adjustment

In addition, the company based in the Cordoban town of Marcos Juárez informed the National Securities Commission (CNV) of a sharp contraction in production and sales in the first six months of the year.

According to the report presented to the organization, Metalfor lost $ 26.484.150.261 in the first semester, against a profit of $11,870,457,229 in the same period last year. It is worth mentioning that the firm has three floors distributed in Marcos Juárez, Noetinger and another in Brazil, it has 600 employees in total and led the sprayer market nationwide for many years.

“During 2026 there was a acceleration of the deterioration of the company’s financial position. Several financial entities sought to reduce exposure at the same time; trading lines for securities and working capital were limited; suppliers restricted deliveries; Check rejections increased and the loss of trust deepened”, the company explained in an “information review” that accompanies the balance sheet.

Likewise, he argued that “the difficulties linked to the administration and reconciliation of collections from the trusts were added.” Metalcred (program through which Metalfor finances the purchase of its own machines) and additional events that froze and hardened reprofiling conversations that were advanced with financial entities.”

“The financial crisis later transformed into an organizational crisis. News in different media that undermined the confidence of customers and sellers; the lower commercial conversion reduced advances and collections; the lack of resources made it difficult to recompose materials and salaries; and that situation reduced production even more,” the letter added.

In this context, Metalfor experienced a strong reduction in the number of machines manufactured and marketed: reported that it went from producing 208 units in the first half of 2025 to 95 in the first six months of this year, while sales fell from 258 to 167 in the period analyzed.

Taking this panorama into account, the Córdoba firm advanced a “labor and operational reorganization.”

In this sense, he stated that “the company plans significantly reduce its structureduring the month of August and resume a productive path in accordance with both commercial and financial possibilities.”

“This labor and operational reorganization must substantially reduce the break-even point,” which means adjust staffing, shifts, sectors and salary supplements; concentrate production on models with higher turnover and margin; temporarily discontinue activities without immediate return; monetize inventories and used machines; and preserve engineering, after-sales, spare parts and critical manufacturing, detailed the plan presented to the CNV.

Metalfor requested the opening of a Crisis Preventive Procedure at the beginning of July and it ended on August 7 after failing to reach an agreement with the Metallurgical Workers Union. According to what the union said, The company proposed to lay off 70% of the workforcewhich today reaches 600 workers.

Furthermore, in mid-July, the company fired 35 workers from the Noetinger plant during the match Argentina played against Egypt, after having let them leave early to watch.

“The reduction of structure is not an end in itself: it must leave a smaller company, but capable of producing, delivering and growing without once again consuming cash below its break-even point,” the statement concluded.