Search Results for: El Salvador

The executive director of the Chamber of the Textile and Apparel Industry, of El Salvador (CAMTEX – Cámara de la Industria Textil) has told Just Style how her manufacturing hub is seizing market opportunities growing as Covid-19 ebbs.

Patricia Figueroa, who has been in her job since 2015, also highlighted the challenges the Salvadoran clothing and textile industry will tackle in 2021-22, with CAMTEX’s help.…

Accountants are grappling with the implications of El Salvador formally adopting Bitcoin (BTC) as legal tender on September 7, alongside USD, which has been the country’s legal tender since 2001, when the country withdrew its national Colón currency.

While USD will remain the most important currency in El Salvador, remaining the reference currency for accounting purposes, with greenback banknotes and coins still circulating, the Bitcoin Law that established the cryptocurrency in El Salvador (1) will be a challenge and opportunity for businesses.…

The relationship between the USA textile industry and its counterparts in Latin America has never been straightforward, given the US exports fabrics and fibre to its neighbours as well as importing apparel, but the Covid-19 pandemic has increased complexity in this relationship.…

After a Covid-disrupted 2020, the clothing manufacturing industry in El Salvador is now recovering fast, with sales pushed increasing demand in its key United States export market. Sales to the USA gathered USD1.5 billion in the first semester of 2021, USD664 million more than the same period in the previous year (+74.8%), according to data from El Salvador’s central bank (Banco Central de Reserva de El Salvador).…

After a Covid-disrupted 2020, the clothing manufacturing industry in El Salvador is now recovering fast, with sales pushed increasing demand in its key United States export market. Sales to the USA gathered USD1.5 billion in the first semester of 2021, USD664 million more than the same period in the previous year (+74.8%), according to data from El Salvador’s central bank (Banco Central de Reserva de El Salvador).…

After completing the technical testing required, central America’s largest apparel factory is about to open in Honduras, producing sportswear for major brands such as Nike or Under Armour, an executive informed just-style.
La Arena, the Tegra Global-owned industrial park in San Pedro Sula, in the country’s north, will receive around 100 employees during the last week of August – its inauguration was delayed from January because of the Covid-19 pandemic.…

The Islamic insurgency experienced in Cabo Delgado, Mozambique’s northernmost province, since 2017, which has already displaced more than 250,000 people and killed more than 1,500, is damaging operations within the region’s higher education institutions.

While confirmed casualties have yet to include academics and students at the region’s higher education institutions, local higher education leaders are concerned about the risks.…

The textile industry in Guatemala represents 8.9% of the country’s gross domestic product (GDP), but a rise in production costs is jeopardising the industry’s overseas sales competitiveness. Therefore, Guatemala producers are focusing on buying and installing cutting edge technology to improve existing operations and even create new business divisions, maintaining their competitiveness against other suppliers in the region, Alejandro Ceballos, president of the country’s Apparel & Textile Industry Association (Vestex).…

Tegra, the Atlanta, USA-based leading apparel manufacturing and supply chain provider, is expanding its workforce in Latin America, with new job posts in El Salvador’s compound as well as its soon to be opened facility in Honduras. Tegra’s plant in El Salvador, Decotex, was expanded to nearly 250,000 square feet in August (2019).…

THE DIGITAL textile printing industry and market in Colombia is growing at steadfast pace, with local demand propelled by boutique fashion brands and publicity. However, the increased costs and upfront investment involved in creating digital printing means that traditional finishing techniques are still common in this South American manufacturing hub.…