"Fibro" Textile Company Closes in Guatemala

The factory closed its doors on August 31, due to lack of orders from the United States.

Monday, September 21, 2009

110 workers lost their jobs with the closure of the plant, located on the 36th kilometers of the Interamerican Highway, in Sacatepéquez.

Vestex, the Guatemalan Textile and Apparel Commission, has reported the closure of 23 maquilas so far in 2009.

More on this topic

New Holland Apparel expands in Nicaragua

October 2010

The apparel company expanded its facilities located in Zona Franca, Astro Nicaragua.

The company, which began operating in the country in 2006, currently employs 1,600 people.

Robert Neff, CEO of New Holland Apparel of Nicaragua, told El Nuevo Diario that "next year we will produce sportswear for a new client, Adidas / Reedbok."

Yarn Factory "Selim" Closes in Guatemala

November 2009

"Selim Guatemala S.A." was one of the few producers of colored yarn in the country.

The company moved its Guatemalan operations to Singapore, which employed 100 people.

Alejandro Ceballos, president of Vestex, the Apparel and Textile Commission, told local newspaper 'El Periódico': "...the company had been looking for financing for a long time, but finally decided to relocate to Singapore".

Korean Businesspeople Abandon Guatemala

June 2009

The impact of the economic crisis in the United States has had on the textile industry has forced 15 Korean businesses to shut down operations in the country.

Currently there are 158 factories in the country, of which 92 are Korean, 55 Guatemalan, 10 American, and 1 French, according to data from the Clothing and Textile Commission (Vestex).

24 Maquilas Close in Honduras

April 2009

With the closing of enterprises during 2008 and so far in 2009, 20 thousand people were left unemployed.

Most of the businesses operated in free trade zones or industrial parks. Currently, of the one million square meters available in the the 27 parks and free zones, 250 thousand (25%) are unoccupied.

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