Even today, few Argentine companies have gone public because executives are reluctant to open their books to regulators who might question their tax receipts.
He then started to co-produce with another Argentine companies.
The company was founded in 1990 by a group of Argentine companies located in Texas.
What is perhaps the biggest challenge for Argentine companies is streamlining operations to cope with international competition.
"Nineteen-ninety-three is the year in which Argentine companies will have to become efficient."
After four years of chronic recession, few Argentine companies can boast a clean bill of financial health.
It is now marketing the boats to other operators and has announced an $11.5 million contract to build the next one for an Argentine company.
In return for their loyalty, Argentine companies and workers were allowed to flourish behind protective tariff walls, at least until a decade ago.
With the economy stalled and little new financing available to Argentine companies, corporate debt defaults are rising.
Argentine companies once made most of the toys sold in the country.