Home / Knowledge / News / Textiles / Nicaragua textile exports expected to reach $2.5bn in 2014
Nicaragua textile exports expected to reach $2.5bn in 2014
Jan '14
Nicaragua expects to reach US$2,500 million in traditional exports and a similar amount in the textile industry based on an increased investment and increased production in the free zones in 2014. General Presidential Delegate for Investments, Alvaro Baltodano, stated that these figures exceed total exports of last year, which were around US$4,700 million, including textiles.
Preliminary numbers stated that in 2013 the value of exports of Nicaragua totaled US$2,566 million, 13.95 percent less than the sales of 2012. And the textile sector exported around US$2,150 million, according to the presidential delegate PRONicaragua. 
"We have significant investments in the country that will increase product exports," said Baltodano. Among them, the Honduran group Karim’s will invest US$35 million in the reopening of a textile plant in Nicaragua, which had temporarily closed its operations due to the economic crisis of 2009.
The President of that group, Yusuf Amdani, stated to reporters that the textile company, which was operated by the U.S. firm Cone Denim, of the International Textile Group, and will now be named Pride Denim Mills, will generate 600 direct jobs in its first phase. According to Amdani, the company will produce denim fabric, incorporating from spinning to finished fabric, an annual production capacity of 28 million yards.
Similarly, the German company Draexlmaier will invest US$10 million in the expansion of their automotive harnesses plant in the department of Masaya, Nicaragua. In the same way, Grupo Lala, one of the largest dairy companies in Mexico, will invest about US$50 million in the country in order to set up a milk processing plant and dairy products.
Last year was also a year of growth for Nicaragua’s investment, registering an estimate of US$1,500 million in terms of foreign direct investment (FDI) inflows at year end, a 17 percent increase compared to 2012 and marking the highest historical figure the country has ever reached.


Must ReadView All

Textiles | On 25th Oct 2016

Arvind to dilute 10% stake in brand business arm

Arvind Limited, one of India’s largest integrated textile and apparel ...

Courtesy: Commonwealth Bank of Australia

Textiles | On 25th Oct 2016

World’s first cotton shipment using Skuchain’s Brackets

The world’s first trade transaction involving shipment of cotton...

Textiles | On 25th Oct 2016

Cotton yield to increase to 568.29 kg/ha in 2016-17: CAB

At its first meeting for the cotton season 2016-17, the Cotton...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Bani Batra

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search