Nicaragua: Investments in Free Zone Announced

A Peruvian spinning mill is to invest $15 million in Las Mercedes Industrial Park, and soon three other companies from the call center and textile sectors will be setting up there too.

Thursday, June 2, 2016

Dean Garcia, executive director of the Nicaraguan Association of Textile and Apparel (Anitec), told that "... the Peruvian company Hialpesa, will be investing $15 million in its operation in the country and will supply other free zone factories that produce shirts. Garcia said ... they are currently installing machinery, but did not say when they will start operations. "

Regarding other investments in the free zone, Garcia explained that three companies in the textile and call center sectors are preparing to set up in the country soon. These companies, according to Garcia, are of Central American and Mexican origin. 

See: "Nicaragua: Minimum Wage in Free Zones Raised by 8%"

"... The textile and clothing sector is trying to attract companies to come there to produce the raw materials they need, such as buttons, fabric, zippers, labels, among other things, 'in order to have, to some extent, the entire supply chain within the country'. "

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