Textile Industry in Nicaragua has the Advantage

Nicaragua is benefitting from a cost advantage in most product categories, both regionally and globally.

Thursday, June 16, 2011

A study entitled "Comparison of Competitiveness of the Garment Industry of Nicaragua", has been prepared by O'Rourke Group Partners, and supported by the Enterprise and Employment Programme of the United States Agency for International Development (USAID) in conjunction with ProNicaragua, the official investment promoter.

O'Rourke Group Partners is an international consulting firm with extensive experience in the retail market, specializing in textiles and clothing in general.

As Lucia Navas mentions in his article in Laprensa.com,ni, in the O'Rourke Group "what stands out is that labor productivity in the country is highly profitable, averaging 65% of international standards, although some plants reach 75% to 85%, " he recognizes that " the domestic industry has an excellent record of prompt delivery to the market as the time between placing order and putting products on shelves is between 52 and 60 days. However, some garment manufacturers can deliver production runs in just two weeks, when the fabric is at hand. "

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More on this topic

Success of the Anchor Companies Model

February 2012

The Enterprise and Employment program connects businesses with access to international markets or national distribution networks, with small businesses or producers who are suppliers.

The "anchor companies" model continues to be developed successfully and is expanding in Nicaragua, as confirmed during the National Business Forum, organized by the Enterprise and Employment program, run by the United States Agency for International Development (USAID).

Textile Company Invests $24 million in Nicaragua

October 2011

Cupid Nicaragua, the production company specializing in women's intimate apparel and sportswear in general, has announced the construction of three new industrial buildings.

From a press release from ProNicaragua:

Cupid Nicaragua, an American company specialized in the manufacture of intimate apparel for women and sports apparel in general has announced that it is currently investing up to $ 24 million in expanding its operations in Nicaragua through the construction of three new industrial buildings. Located in the Parque Industrial Las Palmeras, Carazo, the new facility will have a total area of 30,000 square meters and will employ approximately 2,700 people.

Interest in Las Vegas for Nicaraguan Textiles

August 2011

The public-private trade mission to a trade fair entitled ‘Magic 2011’ has succeeded in getting U.S. interest in importing textiles and clothing from Nicaragua.

Over a hundred contacts with potential buyers were made in the meeting which will be exploited with a "marketing effort," said Javier Chamorro, Executive Director of ProNicaragua.

Nicaraguan Textiles to be promoted in the U.S.

August 2011

In an effort to attract private capital, Nicaragua will participate in the international exhibition ‘Magic’ in Las Vegas.

This will be the first time Nicaragua takes part the fair, in which individual Nicaraguan companies have attended in previous years, but independently.

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