It is predicted that in the context of the crisis generated by covid-19, the demand for clothing in the local market will be affected mainly by a drop in sales of men's jeans.
The "Information System for the Impact Analysis of covid-19 on Business", prepared by the Trade Intelligence Unit of CentralAmericaData, measures the impact that the crisis will have on companies, depending on the country, sector or economic activity, during the coming months.
On March 12nd Colombian entrepreneurs in the textile and clothing sector will be gathering in San Jose with Central American companies interested in offering products from the South American country.
It is expected that 70 Colombian entrepreneurs will take part in the event, to be held at the Hotel Real Intercontinental Multiplaza Mall, presenting their textile products to the Central American market.
Cimer announced it will close its Levi´s jeans and Dockers production plant operating in Costa Rica.
Centro Industrial Manufacturero El Roble (Cimer), said in a press release that the closing shall occur gradually through January 2011 and that 230 employees will be relocated to other industrial enterprises in the area of Cartago.
According elfinancierocr.com "Cimer will now import and sell the finished product."
The Venezuelan Government is negotiating the purchase of 10 million jeans produced in Nicaraguan Free Zones.
A trade mission from Venezuela, which includes Government authorities and private businessmen, is touring Nicaragua’s free zones. Alberto Baltodano, technical secretary of the National Free Zone Commission (CNZF), remarked that this deal would imply $100 million in revenue for the textile sector.
The Guatemalan clothing label manufacturer will invest $500.000 in machinery and equipment, and will hire an additional 50 to 80 employees.
This investment by 'Accesorios Textiles' (Actex), is geared to serve an agreement signed with textile company Denimatrix. For it, Actex will produce identification labels for Denimatrix's jean production.
"Sergio de la Torre, Actex president, explained that each jean needs 3-4 labels.