Woven Fabric Production in Nicaragua

Millknit Industries will begin operations in early 2013, producing fabrics for clothing companies established in the free zones.

Wednesday, November 14, 2012

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.

Laprensa.com reports that "Millknit will operate in the industrial park Las Mercedes, Managua, it is funded with North American capital and the initial investment is for $25 million, according to the National Free Zone Commission (CNZF). The initial projections for jobs is 270 positions."

Dean Garcia, executive director of the Nicaraguan Association of Textile and Apparel (Anitec), noted that "the Millknit factory will not produce for export, but to supply clothing companies operating in the country under the free zone scheme. The are going to give this raw material entirely to the other guild ... they are going to produce woven material in the first instance for businesses making shirts, then casual dress. "



More on this topic

New Textile Company in Nicaragua for $25 million

December 2012

The U.S. company Millknit Industries is to produce fabrics for the maquiladora industry, beginning operations in the first quarter of 2013.

Operating in the industrial park Las Mercedes, the textile company will begin operations between January and February 2013, informed the technical secretary of the National Commission of Free Zones (CNZF), Alvaro Baltodano.

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.

Textile Cone Denim Reopens in Nicaragua

January 2011

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

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.

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