Textile Industry maquiladora textile Comisión Nacional de Zonas Francas (Nicaragua) garment-production Alvaro Baltodano jobs textile plant Textile industry textile export job creation Business and Investment Cone Denim Economics Free Trade Zone System

EINS Textile Company Grows in Nicaragua

The Korean company inaugurated a new $1.5 million facility at Industrial Park Astro.

Thursday, February 25, 2010

Featuring 7.000 square meters of space, the new facility employs 1.000 people.

From Elnuevodiario.com.ni: “EINS is part of Korean transnational group Senika S.A., which also includes SAE-A Tecnotex. From different parts of the world, they sell over $1 billion worth of products to the United States”.

Source: elnuevodiario.com.ni

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Goods

textile textile machinery

Key entities

EINS Alvaro Baltodano Comisión Nacional de Zonas Francas (Nicaragua) Youg Don Song Senika S.A.

Countries

Nicaragua South Korea

Insight

garment-production maquiladora jobs Textile Industry

New Textile Company in Nicaragua for $25 million

December 2012

The U.S. company Millknit Industries is to produce fabrics for the maquiladora industry, beginning operations in the first quarter of 2013.

Operating in the industrial park Las Mercedes, the textile company will begin operations between January and February 2013, informed the technical secretary of the National Commission of Free Zones (CNZF), Alvaro Baltodano.

Textile Company to Invest $25 Million in Nicaragua

October 2011

The South Korean textile company Hansae Nicaragua S.A will be investing between 2011 and 2013 in order to expand its industrial park situated in Masaya.

The works for expanding the industrial plant by 60,000 square foot will be carried out in two stages, with the first stage starting in December.

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.

New Holland Apparel expands in Nicaragua

October 2010

The apparel company expanded its facilities located in Zona Franca, Astro Nicaragua.

The company, which began operating in the country in 2006, currently employs 1,600 people.

Robert Neff, CEO of New Holland Apparel of Nicaragua, told El Nuevo Diario that "next year we will produce sportswear for a new client, Adidas / Reedbok."