Textile Industry
in Central America
Thursday, May 24, 2012
The rising costs in China have caused companies like this north American firm to look once again towards the isthmus for to buy their clothing.
Carlos Arias, president of the Committee on Textiles and Clothing (Vestex) of Guatemala, said during a forum at the latest Apparel Sourcing Show 2012, that JC Penney have indicated that their purchases from the isthmus will rise by 30%.
Thursday, May 24, 2012
Under the Free Trade Agreement (FTA) between their country and Panama, companies in the textile and metal manufacturing industry in Peru plan to settle in the free trade zone.
Textile companies and manufacturers of metals, like silver, are interested in settling in the Free Trade Zone of Colon in Panama, said general manager Leopoldo Benedetti.
Monday, May 21, 2012
The twenty-first edition of the leading trade fair for the apparel and textile sectors in Guatemala at regional level, begins with 200 booths, 186 companies and 30 international corporations.
Machinery Suppliers, high technology, and textile companies will offer their products and services in a space of over 2,000 square meters
Monday, May 21, 2012
Amendments to the Law on Free Zones will define the rules of the game that employers in El Salvador need to know in order to increase their investments in the textile sector.
The newly formed cluster of synthetic fabric textile companies in El Salvador has temporarily stopped their investment plans in order to see what reforms will be made to the Law on Free Zones. In other words, they want "clear rules".
Friday, May 18, 2012
Guatemala went from exporting 50,000 screen printed garments to 12 million within 12 years.
Within a month, the textile and clothing sector exports abroad 32 million items, of which 37.5% have graphic prints, said Robert Matheu, president of the Silkscreen Commission from the Clothing and Textiles sector.
Thursday, May 10, 2012
Eight textile companies have joined forces and are collaborating in order to market the capabilities and best practices of the Salvadoran synthetic industry.
The eight companies are: George C. Moore Co., Darlington Fabrics, Apparel Production Services (APS), CS Central America, Pettenati, TExOps, ProDept, and Unifi. All of them expressed their intention to promote the cluster to so that it can operate in Miami.
Thursday, 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.
Wednesday, April 25, 2012
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Monday, April 23, 2012
Costa Rica has emphasized the importance of achieving preferential access for exports from free zones and having more flexible rules of origin for textiles.
From a press release from the Ministry of Foreign Trade of Costa Rica:
Wednesday, April 18, 2012
The Salvadoran Association of Industries (ASI), has presented the industry's annual report for 2011.
Part of the speech by President of the CSA in the report:
Despite the lukewarm growth of our economy and slow recovery of world economies, our industry has once again proven to be a thriving and entrepreneurial sector.
We'll see how some industries have taken advantage of the economic growth of our neighboring countries and are conquering Central American markets, and how others are making inroads into new markets.
Tuesday, April 17, 2012
Guatemala is preparing a plan to inspect factories in order to avoid a possible arbitration, forced by the US, for non-compliance of labor standards under CAFTA.
The Labour Ministry is preparing a program to inspect working conditions in the textile factories which could take six months to complete. The plan must conform to the standards set by enterprises under the 29-89 scheme (Law on Promotion of Export Activity and Maquilas).
Friday, April 13, 2012
Nicaragua's textile companies have started exporting to Turkey and Finland, as an "exploration" before the agreement with the EU comes into force.
Since December, textile companies established in the free zones in Nicaragua have been exporting shirts and pants to Turkey and Finland, as a way to explore the regional market before the Central American Association Agreement with the EU is implemented, according to a director of the business association in the industry.
Wednesday, March 21, 2012
After years of decline and closure of companies, the garment industry in Panama sees in the trade promotion agreement with the U.S., its passport to recovery.
Panama's textile exports to the U.S. amounted to only $2.4 million in 2011.
The commercial treaty with the United States could be a golden opportunity for the industry, which contributes 5% of GDP, even with the U.S.’s economic weakness and competition from other Central American countries and Colombia.
Tuesday, March 20, 2012
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Monday, March 19, 2012
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.
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