españolNicaragua: Textile Factory Reopening DelayedTuesday, August 9, 2011 Negotiations between the government and representatives of Core Denim might not conclude until the end of the year. Cone Denim celebrates Nicaragua openingWednesday, April 23, 2008 International Textile Group's Cone Denim has announced the opening of its Nicaragua operation. Located outside Managua, Nicaragua in the Jorge Bolanos Abaunza Textile Park, the Cone Denim Nicaragua (CDN) facility held its Grand Opening Ceremony on April 22. Textile Cone Denim Reopens in NicaraguaThursday, January 6, 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. Cone Denim Is For SaleWednesday, January 11, 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 Factory Closes Temporarily in NicaraguaTuesday, March 24, 2009 The US textile company, Cone Denim, temporarily closed its 850-employee plant in Nicaragua. The denim manufacturing plant, International Textile Group, was inaugurated in the middle of last year with an investment of $100 million. Negotiations for Purchase of Cone Denim Textile FactoryThursday, April 26, 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. Nicaraguan Jeans To VenezuelaFriday, June 11, 2010 The Venezuelan Government is negotiating the purchase of 10 million jeans produced in Nicaraguan Free Zones. A trade mission from Venezuela, which includes Government authorities and private businessmen, is touring Nicaragua’s free zones. Alberto Baltodano, technical secretary of the National Free Zone Commission (CNZF), remarked that this deal would imply $100 million in revenue for the textile sector. |
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