Textile Industry
in Central America
Thursday, January 26, 2012
Although the 2011 figures showed an increase of 13.5%, the sector is losing productive capacity, producing only a third of what was manufactured in 2001.
Faced with the figures from the National Institute of Statistics and Census (INEC), industry representatives argue that the low production is mainly due to lack of personnel and training.
Augusto Corro Pinilla, president of the National Association of Clothes Making Industry, said: "... that the textile industry could still be revived, with one method being the incorporation of incentive laws."
Wednesday, January 18, 2012
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Wednesday, January 18, 2012
Increases in electricity prices from 2007 to 2011, increased the production costs for manufacturing clothing under the regime of free zones.
"The Nicaraguan Association of Textile and Apparel (Anitec) noted that the increases in electricity rates, from 2007 to 2011, has increased the cost of each garment produced by 21 cents.
Friday, January 13, 2012
The industry ranks as the number one generator of foreign exchange with $1,130 million exported in 2011, displacing coffee, according to official data.
Guatemalan clothing and textile exports reached $1,130 million between January and November 2011, which slightly exceeds the revenue generated by coffee, which amounted to $1,110 million in the same period, reported the Bank of Guatemala (Banguat).
Wednesday, 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.
Monday, January 9, 2012
For the first quarter of the year, public and private sectors expect to finalize negotiations for a Free Trade Agreement with Peru.
The most difficult part of negotiations has been related to industry, specifically the textile sector, which has shown the most resistance to the signing of the treaty.
Friday, January 6, 2012
Up to the third quarter of 2011, exports amounted to $2,484 million, 10.3% more than the same period of 2010.
Of the total foreign sales, 83.4% was destined to go to the United States, which remains the number one destination for textile exports.
Tuesday, January 3, 2012
The lower labor costs offered by China are no longer such, due to the 22% increase in the minimum wage for workers.
There are positive expectations for the maquila and textile sectors in Central America regarding the return of companies who had migrated to China because of the lower labor costs.
With the disappearance of this advantage, Central America is once again among the best options for multinationals, having as an advantage its proximity to the U.S., which reduces transportation costs and delivery times.
Friday, December 9, 2011
Up to October, foreign sales totaled $8.682 million, 25.3% higher than in the same period in 2010.
Coffee exports, up 12.5%, and apparel, up 12.1%, were decisive in the increase.
The United States remains the main destination for exports receiving 41.5% of the total, according to the Bank of Guatemala (Banguat).
Wednesday, December 7, 2011
In the past two years, 16 maquila companies have left the country, leaving 10,000 people out of work.
The president of the Honduran Maquila Association (AHM) Daniel Facussé, addressed the issue at the time of the announcement of the closure of Adidas and Nike’s manufacturing plants in Honduras and transfer of operations to Nicaragua.
Tuesday, November 29, 2011
In January, 1600 hectares of cotton will be grown, the first stage of a project to reinvigorate the entire textile industry chain.
The availability of local supplies of raw materials could lead to a resumption of companies such as Cone Denim and the arrival of more companies.
Thursday, November 17, 2011
By September 2011, exports of Nicaraguan textiles and clothing had reached $1007 million, 37% more than in the same period in 2010.
The growth rate of exports from Nicaraguan free zones engaged in the textile industry is still by far the highest in Central America.
Thursday, November 3, 2011
New investments in the sector are pending the approval of El Salvador's new tax-free zone law.
According to the Salvadoran chamber of textile manufacturers (CAMTEX in Spanish), the reforms being considered by the government comply with all the demands made by the World Trade Organization (WTO).
Tuesday, November 1, 2011
Korean owned SAE International has announced it plans to close one its five factories in Guatemala due to a mix of poor sales to the USA and high Guatemalan labor costs.
The country's Economy Minister, Luis Velázquez, announced the closure of the plant saying that the company will be opening a new factory in Haiti where it will look to hire 20,000 people.
Thursday, October 27, 2011
Guatemala's textile industry is changing from exporter of finished products to one that provides raw materials to manufacturers in other Central American countries.
The migration of maquila companies to Nicaragua, El Salvador and Honduras has generated an increased demand for industrial fabric and textile materials transforming the Guatemalan textile industry.
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