Honduran Businessmen Announce Reopening of Textile Plant

Under new management and Honduran capital, the textile plant in Nicaragua will resume operations in the next few weeks.

Tuesday, September 17, 2013

The information was confirmed by Dean Garcia, executive director of the Nicaraguan Association of the Textile and Apparel Industry (Anitec). "We are in coordination with representatives who bought the company and we are looking to see if it is likely that operations will start before the end of this month", he said.

At the moment it is unclear how much the company will invest in Nicaragua. "The problem is that the company has requested confidentiality terms until they are in actual operations, that's why I do not have all the information," Garcia said.

Data provided by ProNicaragua reveals that the international crisis of 2008-09 affected the company, whose main market was the U.S. That led to reduced demand and a reduced amount of purchase orders for the company, so the decision was made to close in April 2009.

More on this topic

Nicaragua: Reopening of ex Cone Denim Plant Confirmed

October 2013

With an investment of $35 million and under the name Pride Denim Mills the textile the plant will restart operations in early 2014.

The textile company, which was acquired by Grupo Karim’s de Honduras announced the creation of "600 jobs to produce about 28 million yards of denim a year, which is the production capacity of the plant," noted an article in Laprensa.com.ni.

Nicaragua: Textile Factory Reopening Delayed

August 2011

Negotiations between the government and representatives of Core Denim might not conclude until the end of the year.

Since January the possibility has existed that the US based company may reopen the plant which started operations in 2007, but was closed in March 2009.

Fruit Of The Loom Clothing back in operation in Honduras

June 2011

After reaching agreement with workers the clothing factory is to restart operations.

With the intervention of the Secretary of Labor, the company has promised to improve working conditions for the workers.

For their part, "workers made assurances that they will promote adequate levels of competitiveness in the productive area so that companies will improve their production rates." noted an article in Elheraldo.hn

Textile Cone Denim Reopens in Nicaragua

January 2011

During the course of the year, the U.S. textile company will restart operations in the country.

The start-up would initially create 700 new jobs.

"The secretary of the National Free Zone Commission (CNZF), Alvaro Baltodano, and executive director of the Nicaraguan Association of Textiles and Apparel (Anitec), Dean Garcia, confirmed to the press that the reopening of the company is underway and will become official in the coming weeks,” according to an article at Laprensa.com.ni.

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