The growth is reflected in the steady growth in employment in production firms operating under the regime, which together exceed 100 thousand jobs.
The number of employees in factories in free zones reached 103,000 people in March, a record for the sector in Nicaragua, said Alvaro Baltodano, President of the National Free Zone Commission, CNZF. There are 68,019 employees in the textile sector alone.
Istmo Textil Nicaragua has launched a new textile manufacturing facility where it expects to employ 2,500 people.
The investment means that the company, backed by Korean capital, will look to achieve exports worth $120 million in 2010 and will employ a total of 5,000 workers.
Álvaro Baltodano, technical secretary for Nicaragua's free trade zone committee said that, "the South Korean investors expect to be able to increase the number of people employed to 7,000 next year and export $150 million worth of textiles," according to Laprensa.com.
The Korean company inaugurated a new $1.5 million facility at Industrial Park Astro.
Featuring 7.000 square meters of space, the new facility employs 1.000 people.
From Elnuevodiario.com.ni: “EINS is part of Korean transnational group Senika S.A., which also includes SAE-A Tecnotex. From different parts of the world, they sell over $1 billion worth of products to the United States”.