Monday 26 September 2022

Nicaragua Announces Investments in Free Zone (Zona Francas)

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An employee irons at a textile mill in the Industrial Park in the Free Zone in Managua. Getty Images

An employee irons at a textile mill in the Industrial Park in the Free Zone in Managua. Getty Images

TODAY NICARAGUA – A Peruvian spinning mill is to invest $15 million in Las Mercedes Industrial Park, and soon three other companies from the call center and textile sectors will be setting up there too.

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Dean Garcia, executive director of the Nicaraguan Association of Textile and Apparel (Anitec), told Elnuevodiario.com.ni that “… the Peruvian company Hialpesa, will be investing $15 million in its operation in the country and will supply other free zone factories that produce shirts. Garcia said … they are currently installing machinery, but did not say when they will start operations. ”

Regarding other investments in the free zone, Garcia explained that three companies in the textile and call center sectors are preparing to set up in the country soon. These companies, according to Garcia, are of Central American and Mexican origin.

“… The textile and clothing sector is trying to attract companies to come there to produce the raw materials they need, such as buttons, fabric, zippers, labels, among other things, ‘in order to have, to some extent, the entire supply chain within the country’. ”

Source: elnuevodiario.com.ni

 

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Q24N is an aggregator of news for Latin America. Reports from Mexico to the tip of Chile and Caribbean are sourced for our readers to find all their Latin America news in one place.

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