Textile Industry garment-production maquiladora Dean García Textile industry textile The Nicaraguan Apparel & Textile Manufacturers Association textile plant Comisión Nacional de Zonas Francas (Nicaragua) Cone Denim Business and Investment Gildan Industry International Commerce International Textile Group

Nicaragua: Investments for $ 80 Million at Free Zone

The arrival of new textile plants, the expansion of three plants and the reopening of another were announced by the textile sector.

Thursday, January 6, 2011

With an investment of $ 50 to $ 60 million, the National Commission of Free Zones (CNZF) is negotiating the installation of a new textile factory with a foreign capital group.

Dean García Foster, executive director of the Nicaraguan Association of Textiles and Apparel (Anitec), said three textile companies have confirmed their expansion plans, which involves an estimated investment of $ 20 million.

"One of the companies is Sincotex, which produces pants, generating 2.000 new jobs. Pant producer Gildan would also create about as many jobs as Sincotex with an expansion of their own," reports Laprensa.com.ni.

Source: laprensa.com.ni

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Goods

textile

Key entities

Comisión Nacional de Zonas Francas (Nicaragua) Dean García The Nicaraguan Apparel & Textile Manufacturers Association Sincotex Gildan Javier Chamorro ProNicaragua

Countries

Nicaragua

Insight

maquiladora garment-production investment Investment Textile industry Business and Investment Textile Industry

Woven Fabric Production in Nicaragua

November 2012

Millknit Industries will begin operations in early 2013, producing fabrics for clothing companies established in the free zones.

Following the closure of Core Denim in 2009, Nicaragua has had no cloth production, which is a disadvantage for the clothing sector, which has to import its raw materials.

Nicaragua Courting Chinese Textile Investment

September 2011

The country is planning two trade missions for next year to publicize its advantages as an investment destination.

The executive director of the Investment and Promotion Agency ProNicaragua, Javier Chamorro said that goal during the missions is to visit garment factories.

Textile Cone Denim Reopens in Nicaragua

January 2011

During the course of the year, the U.S. textile company will restart operations in the country.

The start-up would initially create 700 new jobs.

"The secretary of the National Free Zone Commission (CNZF), Alvaro Baltodano, and executive director of the Nicaraguan Association of Textiles and Apparel (Anitec), Dean Garcia, confirmed to the press that the reopening of the company is underway and will become official in the coming weeks,” according to an article at Laprensa.com.ni.

Nicaraguan Textile Industry Foresees Recovery in 2010

January 2010

The sector expects to create 6.000 jobs this year, as well as increased orders from international markets.

Dean García is the president of the Nicaraguan Textile Industry Association (Anitec). He identifies two key elements in this recovery: improvement in the U.S. economy and new markets like the European Union and Canada.