Pool of Companies to Buy Energy

One hundred and fifteen textile plants in Guatemala are negotiating to buy electricity directly from power generators.

Thursday, May 14, 2009

Buying electricity in direct form for textile companies will allow a significant savings in production costs, thus increasing sector competitiveness with the rest of the world.

According to Prensalibre.com, Deputy Minister of Energy and Mines, Romeo Rodríguez, said that "there are several companies that have direct contracts with generators to buy power in bulk."

One of the requirements for purchasing electricity in bulk is to "handle over 100 kilowatts (0.1 megawatts) daily,” and the deputy minister said that garment factories are classified as heavy users due to their energy consumption."

More on this topic

U.S. Textile Purchases Rebound

July 2012

After a tough first semester 2012, which saw a significantly decline in orders from the main market of the Guatemalan textile industry, the recovery began in June.

According to an article in Prensalibre.com the manager of the Garment and Textile Committee (Vestex) of Agexport, Alejandro Ceballos, said that during the first five months of the year economic uncertainty in the U.S., high international prices of cotton, and problems caused by the implementation of the new Customs Act, meant that purchase orders steadily declined.

Central American Textile Chain

October 2011

Guatemala's textile industry is changing from exporter of finished products to one that provides raw materials to manufacturers in other Central American countries.

The migration of maquila companies to Nicaragua, El Salvador and Honduras has generated an increased demand for industrial fabric and textile materials transforming the Guatemalan textile industry.

Guatemala: 3,000 Job Openings in Textiles

July 2009

Guatemalan textile companies are preparing for a jump in orders during the high season at the end of the year from the United States.

On July 1st, the Guatemalan textile industry began the high season for production to fulfill orders of garments from the United States for the end of the year. The textile factories, which have been heavily affected by the economic crisis, forecast the contracting of 3,000 people for the season.

Guatemala: 12.7% Increase in Textile Exports

May 2009

During the month of April 2009, there were $87.4 million exported to the US, Guatemala’s main trading partner, 12.7% higher than what was exported in March.

Alejandro Ceballos, president of the Committee of Textiles and Clothing (VESTEX), believes that the sector will show greater recovery in July, when the strong season will begin in the US for the sector.

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Asociación Guatemalteca de Exportadores -AGEXPORT-

The Guatemalan Exporters Association is a private non-profit entity, established in 1982; that represents, promotes and develops non traditional exports of Guatemalan companies.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Guatemala
Phone: (502) 2422-3400

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