españolNicaragua: Textile Manufacturers Suffer From Expensive EnergyThe textile sector claims that the high cost of electricity in the country has become a limiting factor to foreign investment.Thursday, September 29, 2016
The union of textile companies states that more foreign investment could reach the industry if the cost of electricity was not so high. According to Dean Garcia, executive director of the Nicaraguan Association of the Textile and Apparel Industry (Anitec), "... there could be benefits from the entry of textile companies and spinning mills setting up in Nicaragua and producing sufficient raw material for the industry that already exists in the country. " Source: laprensa.com.ni Request more information: September 2016 The sector expects to close the year with a decline in the value of exports due to low international prices, but with an increase of about 10% in total production. June 2016 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. September 2011 The country is planning two trade missions for next year to publicize its advantages as an investment destination. January 2010 The sector expects to create 6.000 jobs this year, as well as increased orders from international markets.
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