Honduras: Free Trade Zones Must Diversify

The decline in the garment industry, a product of the crisis, means that industrial parks must diversify.

Tuesday, March 17, 2009

Daniel Facussé, president of the Honduran Maquila Association, spoke to La Prensa of Honduras about the situation of the sector and free trade zones in the face of the global crisis.

He stressed that industrial parks should invest and diversify their activities since investments are not expected in maquila this year, and he highlighted the call center industry as the best option: "Yes, this is a sector that will grow and might be able to handle the crisis. We should export services to generate more income. ... The advantage is that the Honduran English accent is neutral, so Americans, who are the ones who use this service, will not be able to identify where they are calling."

He referred to the city of San Pedro Sula as ideal to invest in Call Centers: "The city has the most bilingual schools in the region. The first telecommunications industrial Park, called Altia, is being built there."

Altia Communications Park will have 14,000 square meters, and it will be ready in October: "Altia will have software and medical transcription service companies, among others."

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Maquila Association Commits to Maintaining Investment in Honduras

July 2009

The Honduran Maquila Association, through its president Daniel Facussé, informed they will continue investing despite the political crisis.

He added that "...those funds that have not been a result of work, those obtained fraudulently, those are the ones we must bring and put at the homeland's service".

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.

Honduras: Services Park Altia opens in February

November 2009

The first tower of Altia Communications Park will be opened in February.

Rubén Sorto is the marketing manager of Grupo Karim, developer of the project. He explained that in spite of the political crisis, several international companies are currently negotiating to operate from the park.

Honduran Maquila Foresees More Investment

November 2009

The Maquila Association reported they are negotiating $150 million investments for 2010.

Due to the international crisis and the domestic political crisis, the country will only see investment for $30 million in 2010, explained Daniel Facussé, president of the Maquila Association (AHM).

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San Miguel Industrial Park

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Operates in Honduras and Honduras
Phone: (504) 2556-7373 - (504) 94510322

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