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

Textile Cone Denim Reopens in Nicaragua

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

Thursday, January 6, 2011

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.

The company had requested the Ministry of Labor, in March 2009, a temporary closure for an initial 14 months.

Source: laprensa.com.ni

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Goods

textile

Key entities

Comisión Nacional de Zonas Francas (Nicaragua) Alvaro Baltodano Nicaraguan Association of Textile and Apparel Industry Dean García Cone Denim International Textile Group International Textile Group's Cone Denim

Countries

Nicaragua

Insight

Textile industry textile plant garment-production maquiladora 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.

Negotiations for Purchase of Cone Denim Textile Factory

April 2012

European investors are to acquire the Cone Denim Plant in Nicaragua, which has been closed for 3 years and could reopen in late 2012.

"It is a fact that this year the Cone Denim plant will be reopened. We're just waiting for the (purchase) negotiations to be completed," confirmed Dean Garcia, executive director of the Nicaraguan Association of Textile and Apparel Companies (Anitec), according to Laprensa.com.ni.

Cone Denim Is For Sale

January 2012

The textile company, a subsidiary of International Textile Group, which invested $100 million in its plant in Nicaragua, now has three interested parties; meanwhile there are still plans to reopen its operations.

The U.S. textile company Core Denim, belonging to the International Textile Group (ITG), could resume operations in Nicaragua which were suspended in March 2009, informed the government, although there is still a chance that the company will be sold, which would imply a reassessment of these plans.

Nicaragua: Investments for $ 80 Million at Free Zone

January 2011

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

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.