Costa Rican Businesses Prepare for the Chinese MarketTuesday, February 17, 2009 Various economic sectors of Costa Rica are working to obtain preferential consideration in the Free Trade Agreement with China. As an example, Florida Ice & Farm, which is already exporting its Imperial beer to the Asian country free of tariffs, wants that this preference to be consolidated into the Free Trade Agreement. Other sectors that have already eyed their position on the matter are sugar, ethanol, pasta, leather, meat, and fruit juice. Free Ports Buy More "Local"Monday, June 15, 2009 To lower the costs of their supplies, businesses in the Free Port zones of Costa Rica are expanding the productive chain to include local suppliers. Nor the uncertainty of the status of the Free Port Zone Law, which is stuck in Congress, nor the impact of the global crisis that has caused exports at Costa Rican free port zones to fall 16% in the first quarter of 2009 have reduced the determination of these businesses. A Cable Car for Guatemala CityFriday, April 29, 2016 A feasibility study ordered by the Municipality of Guatemala found that it is feasible to install an urban transport cable car system, which will be called AeroMetro. Although there is still no certainty about the final cost, a representative of the Municipality of Guatemala, Carlos Sandoval, told Prensalibre.com that " 'Everything points to it being an investment using public capital from the municipality and money from private companies. $200 million for Honduran maquilaTuesday, September 9, 2008 The Gildan firm which has been operating in Choloma, Cortes, for some 5 years now is expanding its activities and will generate some 4 thousand new jobs. According to the maquila's representative on the Honduran Counsel of Private Companies (COHEP), Guillermo Matamoros, Gildan is one of the most serious companies in the world in this sector. Gildan announces plans to construct a third textile facility in HondurasThursday, May 8, 2008 In its 2Q report Activewear Inc. also said it plans to construct a third textile facility in Honduras, to support its projected sales growth beyond 2009. The capital cost of the new facility, which will be constructed in fiscal 2008 and fiscal 2009, is expected to be in the range of $100 million to $110 million, the majority of which will be incurred in fiscal 2009, the company said. Gildan Hopes to Become Supplier for Major BrandsFriday, May 3, 2013 The company Gildan Activewear expects that its plant in Honduras will allow it to attract brands concerned about working conditions in Asia. The company explained that its growth in Honduras could attract large companies seeking to repatriate their production to the American continent, in light of poor working conditions in Bangladesh exposed by the collapse that killed 400 workers. Canadian Businessmen Visit HondurasThursday, August 20, 2009 A delegation of textile industry businessmen will visit the country the next week. One of the members of the delegation could be the company Gildan, who has shown interest in investing in a new textile factory in the country. Gildan to Invest More in HondurasThursday, February 25, 2010 The company announced an initial investment of $5 million in a pilot renewable energy program, and further investment up to $50 million. Called “Citizen Video Protection” (“Video Protección Ciudadana”), the project includes installing 342 security cameras in the provinces of San José, Limón, Alajuela and Heredia, to assist in surveillance tasks. Gildan Expands Textile Operations in HondurasThursday, February 3, 2011 The textile company closed its 4 plants in Alabama, USA, and will transfer operations to its facilities in Rio Nance, Honduras. The transition will involve the dismissal of about 300 workers in the United States, to be carried out in April of this year. The company expects to increase production up to 65 million dozens of socks in their two plants in Honduras. Honduras: $6 million in Textile FactoryWednesday, July 13, 2011 While some clothing manufacturers are leaving the country, Gildan has decided to expand its operations with a new plant. The new plant in which the textile company Gildan will invest more than $6 million will be ready in 12 months, and will have the capacity to produce 1.5 million kilos of fabric per week, employing 1500 workers. Panama's Achilles Heel: Lack of Qualified LaborTuesday, April 19, 2011 Available candidates lack communication skills, arrive late to interviews, submit poorly written resumes, or resign shortly after being hired. By the end of this year, several multinational companies will open up shop in Panama and will help the economy grow at 7%, as long as they are able to find skilled, proactive and responsible candidates, capable of selling their selves at job interviews. Right now, this is difficult task in Panama. Will Textile Companies Return to Costa Rica?Friday, May 2, 2014 Gildan Activewear has confirmed an investment in a new manufacturing plant in the north of the country in order to take advantage of Costa Rican quotas for textile entering the U.S. market. In the second quarter report to shareholders 2014, Gildan Activewear confirmed today in Montreal that it will make its next investment in Guanacaste, Costa Rica, installing a modern textile manufacturing plant. Nicaragua: Investments for $ 80 Million at Free ZoneThursday, January 6, 2011 The arrival of new textile plants, the expansion of three plants and the reopening of another were announced by the textile sector. With an investment of $ 50 to $ 60 million, the National Commission of Free Zones (CNZF) is negotiating the installation of a new textile factory with a foreign capital group. US sock makers wage war on Gildan importsMonday, May 5, 2008 Just two years after launching an ambitious plan to become a major player in the North American hosiery business, Gildan Activewear Inc. finds itself caught up in an international trade dispute over the flood of socks into the U.S. from Honduras. In a politically charged anti-free-trade crusade, independent U.S. sock makers contend that Montreal-based Gildan is not abiding by the rules of fair trade in shipping most of its cotton socks into the U.S. |
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