Aalfs Manufacturing buys Presitex textile company in Nicaragua

American company, Aalfs Manufacturing, bought the Taiwanese Presitex which operates in Sebaco, Nicaragua.

Friday, October 24, 2008

Aalfs Manufacturing Company designs, manufactures and sells clothing in the American Market, especially jeans pants, and was founded in 1892.
Their main clients include JC Penny, Tommy Hilfiger, Gap, Old Navy and Harley Davidson.

Presitex employs 900 people, makes overalls, casual and jeans pants. In 2007 it exported $11 million.

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Mergers and Acquisitions in Costa Rica

April 2013

As of April 5 mergers and acquisitions will have to be approved at the Antitrust Commission, part of the Ministry of Economy, Industry and Trade, before they can take place.

From that date, the Antitrust Commission, at the Ministry of Economy, Industry and Commerce (MEIC), will have the power to approve or deny deals, if it is concluded that they would result in undue concentration of business.

Nicaraguan Textiles Lead in Central America

July 2011

Between January and May sales grew by 25% compared to the same period in 2010.

The rise in sales to the U.S. was higher than to countries like El Salvador, Honduras and Guatemala, which increased by 19%, 17% and 13% respectively in the same period.

With the 25% increase, Nicaraguan exports went up from $381.1 million to $476.7 million.

Textile Factory Closes Temporarily in Nicaragua

March 2009

The US textile company, Cone Denim, temporarily closed its 850-employee plant in Nicaragua.

The denim manufacturing plant, International Textile Group, was inaugurated in the middle of last year with an investment of $100 million.

Alvaro Baltodano, president of the Free Trade Zones Corporation of Nicaragua, in an article in Prensalibre.com, said that "Code Denim executives stated that it was a ‘temporary closure’ and that it will resume its operations in 'a few weeks.’"

El Salvador: Manufacturing Increases Due to Vertical Integration

February 2009

The recovery in tailoring and textile exports is due to cost savings generated by specialization in niche markets and from the integration of the production line.

Data from the Central Reserve Bank indicate that, in 2008, assembly exports increased 12.5% compared to 2007. This growth was encouraged by the specialization of different businesses, which has favored the vertical integration of the sector.

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