Guatemalan Textile Companies Form Alliance

Denimatrix announced an alliance with "Accesorios Textiles" (Textile Accesories), the country's largest label producer.

Thursday, September 24, 2009

'Accesorios Textiles' will supply labels for Denimatrix's jeans. The latter, formerly known as Koramsa, manufactures 120.000 jeans each week, for renowned brands such as Abercrombie & Fitch, Banana Republic, GAP, Rock & Republic and Buckle.

Sergio de la Torre, president of "Accesorios Textiles" (ACTEX), told local newspaper "El Periódico": "We will install a label production operation inside Denimatrix's facilities. It will have the most modern technology, and will be capable of outputting 50 million labels each month".

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The Guatemalan clothing label manufacturer will invest $500.000 in machinery and equipment, and will hire an additional 50 to 80 employees.

This investment by 'Accesorios Textiles' (Actex), is geared to serve an agreement signed with textile company Denimatrix. For it, Actex will produce identification labels for Denimatrix's jean production.

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