Nextil Group to Move Two Factories to GuatemalaIn order to reduce costs and take advantage of the country's geographical location, executives of the clothing manufacturing company confirmed that they will move two plants currently located in the US and Spain to Guatemala.Monday, June 21, 2021
The announcement of the transfer of the factories' operations was made by Manuel Martos, representative of Nextil Group, in the context of the forum "Strengthening Regional Value Chains for Economic and Social Reactivation", organized by the Inter-American Development Bank (IDB) and the Government of Guatemala. Source: prensalibre.com ¿Busca soluciones de inteligencia comercial para su empresa?Do you need Business Intelligence solutions for the industrial sector? Contact UsNeed assistance? Contact us
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Clothing: Company Closes Operations in NicaraguaApril 2021 New Holland, a company engaged in the manufacture of clothing and which has been operating in the country for 15 years under the free trade zone regime, announced that it will close operations in the last days of May. Textile Industry: $20 Million Investment AnnouncedNovember 2020 In Guatemala, a Korean business group plans to invest in the start-up of a fabric factory in the municipality of Villa Nueva. El Salvador: Textile Industry Lose CompetitivenessMarch 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. Hanesbrands Expands in El SalvadorJune 2009 The multinational apparel company has invested $20 million in the expansion of two factories and a new water treatment plant.
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