Honduran textile companies plan for competition

The local strategy includes overcoming deficiencies in order to compete with their counterparts in Vietnam, China and Cambodia.

Wednesday, October 1, 2008

Only those that adapt will survive. By applying the Darwinian theory of survival of the species to businesses, the Honduran companies are trying to improve their competitiveness in the global market with the project called "Improving the competitiveness of the textile and manufacturing industry in Honduras."
The projects costs US$1.25 million and proposes to "increase the capacity of the sector by improving the abilities of human resources and support for new business opportunities," the memorandum to donors of the Inter-American Development Bank (IDB) revealed.

More on this topic

Honduras Wants to Enter Trans-Pacific Agreement

May 2015

The maquila industry approves of the government's decision to apply for formal admission into the agreement, which would improve conditions for textile companies competing with countries like Vietnam.

The Honduran Maquila Association (AHM) is one of the unions in the country which is most interested in being part of the trade union agreement, because the United States is the main destination for its production, and where textiles also come from countries that are already part of the agreement, such as Vietnam.

Honduras: Cheap Power for Textile Industry

February 2014

The private sector and the government are developing a plan to maintain competitiveness and minimize the effect of the zero tariff entry of textiles to the U.S. market from Vietnam.

The program being worked on is called 'Total Occupancy of Industrial Parks'. The plan involves reducing the cost of electricity in the maquila parks, developing a project for generation which will devote its production to industrial parks and offer "in the case of new projects, a discounted rate (per kilowatt)".

50,000 Maquila Jobs At Risk in Honduras

June 2009

The government and maquiladores are negotiating a rescue plan with the IDB to save some 50,000 jobs.

The program estimates that $4.5 million would soften the effects of the economic crisis, as was expressed by Guillermo Matamoros, director of the Honduran Association of Maquiladores (AHM).

Honduran maquila looking to become more competetive

September 2008

The Honduran Maquila Association is preparing programs that will allow it to better face the challenges of the industry.

One of these programs was presented yesterday by American Steven Jessep and deals with improving competitiveness through training and technical assistance for workers in general in the maquila industry.

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