Sign of revival of export processing zone in Nicaragua emerged

2010-04-19

GD Maquilador Nicaragua subordinated to Denim Group of Mexico just invested 15 million US dollars in expansion of a large bleaching, dying, finishing and pressing plant with employees up to 900 persons in export processing zone in the capital of Nicaragua. It is estimated that the funds about 21 million US dollars will be invested in equipment, plant building and sewage treatment etc. for the operation of washing and pressing of jeans and packaging of garments etc. In full load of production capacity in the future, the weekly output will reach 400 or 500 thousand pieces. It is expected that total number of employees at he end of 2010 will reach 2000 persons. In addition, Istmo Textil en Masaya subordinated to a large footwear plant of Brazil also formally went into mass production in the first quarter of 2010. Sign of revival of manufacturing sector in the processing zone of Nicaragua has emerged.