Manufacturers report that stocks of cotton thread and fabric have been low since March.
"There is barely any cotton thread or fabric and what exists is being sold at a very high price making production unprofitable," the General Manager of Tres Pro, Alejandro Ceballos, told Prensalibre.com.
Textile and apparel production is threatened by the lack of threads, cotton and canvas.
Since the beginning of the year, the textile industry has experienced a shortage of raw materials. The situation worsened in the last month, causing delays for exporting and reduced supply for the domestic market.
Guatemala’s textile industry has been practically reborn with the U.S. economic recovery.
As Guatemalan apparel businesses export 90% of their production to the U.S., they were strongly affected by that country’s economic crisis. Machinery was stopped and massive layoffs ensued. Exports fell 21% to just $1.1 billion.
Industrias Gabriela is a non-woven textile manufacturing company located in Tegucigalpa, Honduras, Central America.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (504) 229-0072