More than 10,000 posts are to be created in the run up to this year's national elections.
The various political parties make use of promotional items such as T-shirts, hats, key-rings and even bullet-proof vests) to help get their candidates known by the electorate.
Guatemalan manufacturers make the most of the election process to increase their profits, and workforce too, according to the 100 organizations that make up the sector.
Manufacturers report that stocks of cotton thread and fabric have been low since March.
"There is barely any cotton thread or fabric and what exists is being sold at a very high price making production unprofitable," the General Manager of Tres Pro, Alejandro Ceballos, told Prensalibre.com.
Sector analysts claim that the lack of input materials is due to a lack of forward planning by producers who were not prepared for the increase in demand after the financial crisis of 2008 and 2009.
Textile and apparel production is threatened by the lack of threads, cotton and canvas.
Since the beginning of the year, the textile industry has experienced a shortage of raw materials. The situation worsened in the last month, causing delays for exporting and reduced supply for the domestic market.
Prensalibre.com published comments by several textile businessmen, who commented that prices are going up between 5% and 15% due to shortages in raw materials.
Guatemala’s textile industry has been practically reborn with the U.S. economic recovery.
As Guatemalan apparel businesses export 90% of their production to the U.S., they were strongly affected by that country’s economic crisis. Machinery was stopped and massive layoffs ensued. Exports fell 21% to just $1.1 billion.
Today’s outlook is far more promising, as apparel companies report that 100% of their production capacity up to June is already sold. In 2010, exports could close around $1.6 billion.
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