The company makes high quality sports fabrics and some of its most important clients include American and European brands, according to company representatives.
Ricardo Pettenati, Director/President of the company, said that they have been feeling the effects of the global crisis, but they see it as an opportunity to grow, hence the decision to invest in the country.
The manufacturer of synthetic fabrics Pettenati plans to invest $13 million to increase its production capacity by 25%.
The textile company Pettenati has announced that it is completing the process of purchasing new equipment in order to increase its production capacity this year and meet growing demand which has been reported in recent years.
Accesorios Textiles S.A. invested 1.5 million dollars to provide labos to manufacturers of garments sold in the United States under the free trade agreement.
This Guatemala company is an example of the multiplier effect of free trade. Since the middle of 2006, when the agreement went into effect, it has invested more than 1.5 million dollars to buy machinery, expand facilities, and hire personnel to diversify its production.
Cupid Nicaragua, the production company specializing in women's intimate apparel and sportswear in general, has announced the construction of three new industrial buildings.
From a press release from ProNicaragua:
Cupid Nicaragua, an American company specialized in the manufacture of intimate apparel for women and sports apparel in general has announced that it is currently investing up to $ 24 million in expanding its operations in Nicaragua through the construction of three new industrial buildings. Located in the Parque Industrial Las Palmeras, Carazo, the new facility will have a total area of 30,000 square meters and will employ approximately 2,700 people.
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