Home / Knowledge / News / Textiles / Closure of textile companies continues in Costa Rica
Closure of textile companies continues in Costa Rica
15
Mar '13
The saga of closure of textile companies in the Central American country of Costa Rica, which began a few years ago, seems to be continuing unabated as yet another textile company has announced its closure.
 
Textile firm Confecciones BorKar SA has announced the shutdown of its entire operations in Costa Rica and all the 300 workers currently employed by the company will lose their jobs.
 
Speaking to media, Mr. Michael Borg, the owner of BorKar, said the company once employed about 1,100 workers, but the number of employees has decreased during the last few years, as the Costa Rican textile industry lost its competitiveness in global markets.
 
The latest closure follows the shutdown of US-based firm Confecciones Jinete in January this year that rendered around 500 employees jobless.
 
The year 2009 saw closure of 10 textile companies in Costa Rica. Since then, thousands of jobs in the country’s textile sector have disappeared due to closure of several companies, including the shutdown of Cimer, manufacturer of Levi’s, in 2010, and Compañía Textil Centroamericana last year.
 
The closure of companies has negatively impacted the exports of Costa Rican textiles, which have declined from US$ 700 million in 2000 to as little as US$ 200 million in 2012, as per official figures.
 
Meanwhile, some former employees of BorKar have created a cooperative called Coopetrajes del Poá, and they plan to take BorKar’s existing facilities on rent and start operating on a small scale, initially with manufacturing of coats and suits.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 21st Jul 2017

No shortage of cotton & yarn in country: Minister

There is no shortage of cotton and yarn in the country, and the...

Pic courtesy: Sutlej Textiles & Industries Ltd

Textiles | On 21st Jul 2017

Sutlej Textiles’ Q1 FY18 EBITDA expands to Rs 76.28 cr

Sutlej Textiles and Industries Ltd (STIL), one of India’s largest...

Textiles | On 21st Jul 2017

CAI revises 2016-17 cotton crop to 337.25 lakh bales

Cotton Association of India (CAI) has upwardly revised cotton crop...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X