Gildan announces plans to construct a third textile facility in Honduras

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.

Thursday, May 8, 2008

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.

More on this topic

Canadian Businessmen Visit Honduras

August 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.

Benjamín Bográn, Industry and Commerce Secretary, told Elheraldo.hn: "...a Canadian company intends to invest $52 million in the country, generating new jobs...".

$5 million in Gypsum Board Production in Honduras

March 2009

U.S. based Caspian will build a gypsum board factory in the country and distribute the product in Central America.

The representatives of the company, Catamaount Group LLC, said it is very probable that the plant will be located in Choloma, which is near Puerto Cortes, facilitating the export of the product.

$200 million for Honduran maquila

September 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.

US sock makers wage war on Gildan imports

May 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.

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