Honduras secures investment for textile sector - sportstextiles: Lea SportsTextiles

News

Honduras secures investment for textile sector

25/09/2017
The Honduras 2020 initiative, a project that aims to develop the Honduran textile sector, has revealed the country has attracted $1.5 billion in strategic investment. 

Ramfiz Rodriguez, international promotion and communication manager for Honduras 2020, said the funds have so far been used to modernise equipment, expand industrial parks, improve port and road infrastructure, train workers, and build renewable energy facilities.  

The project was launched in 2016 by the Honduran government, which has so far invested $3.4 billion. Its goals include increasing annual textile exports to $7.4 billion and creating 200,000 jobs by 2020. 

According to Mr Rodriguez, Honduran textile company Elcatex is one of several increasing their output of synthetic fibres. He added that a number of US, Chinese and European investors are also exploring opportunities in synthetic fibre manufacturing facilities in Honduras. 

Related stories:

Wage boost for Honduran textile workers 17/01/2018
Honduras aims to be biggest textile exporter in the Americas 11/09/2017
Honduras seeks investors for textiles and apparel industry 01/09/2017
Honduras to get synthetic yarn plant 06/02/2017
Honduras targets more sustainable textiles sector 17/05/2016

Sportstextiles.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.