Bernard et. al. (2003) find for the US that capital-intensive firms are less prone to be negatively affected by low-wages imports competition in the form of reduced production and employment. To test this result for Argentina, we included in the regressions a variable that measures capital intensity. This is only a proxy variable as it was constructed using gross capital investment and not capital stock data that was unavailable at the industry level. Our results do not support the hypothesis that firms with a higher capital intensity suffer fewer losses in employment. The coefficient has not the expected sign and is not statistically significant.