Guatemala: Textile Companies Still Without Raw Materials

Manufacturers report that stocks of cotton thread and fabric have been low since March.

Tuesday, August 10, 2010

"There is barely any cotton thread or fabric and what exists is being sold at a very high price making production unprofitable," the General Manager of Tres Pro, Alejandro Ceballos, told Prensalibre.com.

Sector analysts claim that the lack of input materials is due to a lack of forward planning by producers who were not prepared for the increase in demand after the financial crisis of 2008 and 2009.

More on this topic

El Salvador: Textile Industry Lose Competitiveness

March 2017

The Salvadoran union has stated that excessive bureaucracy and high production costs are the main factors that could be encouraging some textile mills to reduce operations in the country.

José Antonio Escobar, president of the Chamber of the Textile Industry, Clothing and Free Zones of El Salvador (Camtex) told Elsalvador.com that one of the companies that has shut down part of its operations, to transfer them to another country, is Fruit of the Loom. Escobar said   "...'In the plant owned by Fruit of the Loom in the industrial park American Park, where a thousand people work, the company will make a reduction of about 850 positions'."

Central America Happy Over Trump´s TPP Decision

November 2016

If the United States withdraws from the Transpacific Agreement, there will be less risk of competition from Asian countries for the Central American textile industry.

If the US does eventually abandon the Trans-Pacific Partnership Agreement (TPP), as promised by President-elect Donald Trump, the Central American textile industry could benefit from the elimination of the possibility that the US, its main market, will buy textiles from Vietnam at lower prices. Since the start of negotiations for the TPP, the Central American textile industry has tried to negotiate bilaterally with the US in order to minimize the negative effects that the TPP could have on the industry in the region.

Rebound of Honduran Maquila Companies

August 2014

In March this year, the textile and manufacturing industries, including the manufacturers of wire harnesses and garments, grew by 3% compared to the same period in 2013.

A report by the Office of Textiles and Apparel (OTEXA), at the International Trade Administration of the United States, details the recent performance of the maquila industry in Honduras and locates the country as the fourth largest producer of fabrics in the world.

Clothing exports fell for 4th consecutive year

November 2008

Exports by the textile and manufacturing sector have been in the reporting in the red for the last four years in Guatemala.

Based on business reports from the sector, the main reasons is the incursion of China in the world market for these products since 2005, and the economic crisis that is affecting the United States.

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