Textile Companies Seeking Business in Guatemala

Companies from Hong Kong and Taiwan could be interested in setting up a synthetic and manufacturing plant in the country.

Friday, July 7, 2017

The information was provided by representatives of the Apparel and Textile Commission (Vestex) at Agexport, who explained that in the case of the company from Taiwan, its interest is in establishing a manufacturing plant and supplying the US market. The other company, from Taiwan, could be interested in installing "... a manufacturing plant for synthetic products, and the countries that they are investigating are Guatemala and Haiti."
See also: "Textile business in Central America Growing"
Elperiodico.com.gt reports that "... The latest investment in the sector became a reality in March, when the operation of the Alcatex, S.A. textile plant started operations. The plant, located in the Michatoya Industrial Park in Palín Escuintla, had an approximate investment of US $35 million, generating 500 direct jobs."
Antonio Malouf, textile entrepreneur and president of the Coordinating Committee for Agricultural, Commercial, Industrial and Financial Associations (CACIF), commented that "... after the ratification of 29-89, there is a good situation in the sector in terms of investments for the clothing sector."


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