Energy Increases Costs for Nicaragua Clothing Companies

Increases in electricity prices from 2007 to 2011, increased the production costs for manufacturing clothing under the regime of free zones.

Wednesday, January 18, 2012

"The Nicaraguan Association of Textile and Apparel (Anitec) noted that the increases in electricity rates, from 2007 to 2011, has increased the cost of each garment produced by 21 cents.

But those who have suffered the most from these increases are laundry and dyeing companies, who require the most energy for their operations, said Dean Garcia, executive director of Anitec.

Regarding the nine percent increase in the energy that was approved this month, Garcia said it is "tolerable", but hopes that in the second half of the year, when the power tariff is revised that the re-adjustment is not high", writes Gisella Canales in her article in Laprensa.com.ni



More on this topic

Nicaragua: Optimism in Textile Industry

February 2016

Despite the challenges facing the Central American textile industry with the coming into force of the TPP and Asian competition, projections are that there will be growth of 8% in 2016.

The main reason is the decision of the US government to extend for ten years the tariff advantages enjoyed by Nicaraguan exports to the northern country, supporting them against the entry into force of the Trans-Pacific Economic Partnership Agreement (TPP).

Negotiations for Purchase of Cone Denim Textile Factory

April 2012

European investors are to acquire the Cone Denim Plant in Nicaragua, which has been closed for 3 years and could reopen in late 2012.

"It is a fact that this year the Cone Denim plant will be reopened. We're just waiting for the (purchase) negotiations to be completed," confirmed Dean Garcia, executive director of the Nicaraguan Association of Textile and Apparel Companies (Anitec), according to Laprensa.com.ni.

Nicaragua Courting Chinese Textile Investment

September 2011

The country is planning two trade missions for next year to publicize its advantages as an investment destination.

The executive director of the Investment and Promotion Agency ProNicaragua, Javier Chamorro said that goal during the missions is to visit garment factories.

Nicaraguan Textile Exports Recover

March 2011

In January, textile exports under free zone regime grew by 26.3% in value compared to January 2010.

According to information from the Nicaraguan Association of Textiles and Apparel (Anitec) during the same month last year the increase in volume was 25%, totaling 25.6 million square meters (unit of measurement for clothing), figure which even exceeds the January 2007 exports (21.2 million square meters) before the financial crisis.

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