Limited Credit for the Salvadoran Textile Industry

Faced with limited access to credit, the textile industry is looking to find financing abroad.

Monday, April 27, 2009

Jose Escobar, leader of the Salvadoran Chamber of the Textile Industry (CAMTEX), noted that the problem continues to be the risk analysis that is being used to evaluate them.

Lourdes Quintanilla reported the leader's statements in her article in Laprensagrafica.com: "This topic is the most difficult one for us because our industry has been misinterpreted regarding its value. The textile and clothing industry continues in the category labeled maquila, i.e. only assembling parts. This industry has made progress in the verticalization of the industry, and in offering complete packages (making garments from the first thread to packaging for sales)."

More on this topic

El Salvador: Textile Industry Lose Competitiveness

March 2017

The Salvadoran union has stated that excessive bureaucracy and high production costs are the main factors that could be encouraging some textile mills to reduce operations in the country.

José Antonio Escobar, president of the Chamber of the Textile Industry, Clothing and Free Zones of El Salvador (Camtex) told Elsalvador.com that one of the companies that has shut down part of its operations, to transfer them to another country, is Fruit of the Loom. Escobar said   "...'In the plant owned by Fruit of the Loom in the industrial park American Park, where a thousand people work, the company will make a reduction of about 850 positions'."

Nicaragua: Optimism in Textile Industry

February 2016

Despite the challenges facing the Central American textile industry with the coming into force of the TPP and Asian competition, projections are that there will be growth of 8% in 2016.

The main reason is the decision of the US government to extend for ten years the tariff advantages enjoyed by Nicaraguan exports to the northern country, supporting them against the entry into force of the Trans-Pacific Economic Partnership Agreement (TPP).

Salvadoran Textile Exports Rebound

October 2011

In the first eight months of the year maquila exports reported an increase in volume of 22.3% and 10.9% in value.

Data from the Central Reserve Bank shows that total exports reached $822.4 million up to August 2011.

"The executive director of the Chamber of the Textiles, Clothing and Free Zones (CAMTEX), Patricia Figueroa, said exports this year have already surpassed the levels recorded in 2008, which was considered to be an excellent year for the sector.

El Salvador: Maquila Shows Signs of Improvement

December 2009

Orders are increasing as the United States, main destination for Salvadoran textile exports, begins to recover.

Patricia Figueroa, executive director of CAMTEX (Textile and Free Zone Chamber of El Salvador), commented that an increase in U.S. orders has allowed company Fruit of the Loom to reactivate its Montecristo facility.

 close (x)

Receive more news about Textile Industry

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Génesis

Organization that operates in Panama and Costa Rica.
Phone: (506) 22350660 - (506) 22350919

Company Profile

Companies

Stock Indexes

(May 22)
Dow Jones
0.48%
S&P 500
0.57%
Nasdaq
0.83%

Commodities

(May 22)
Brent Crude Oil
53.960
Coffee "C"
132.95
Gold
1,261
Silver
17.11