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New synthetic yarn production plant to come up in Honduras
04
Feb '17
Honduras 20|20 has accomplished a new international investment for the textile sector of Honduras of 73 million dollars, which has led to the incorporation of the United Textiles of America (Unitexa) company, a synthetic yarn production plant. First such plant of its size and nature in Central America, it will produce over 25,000 tons of yarn per year.

Several large textile groups in the region joined forces, along with the President of Honduras Juan Orlando Hernández as honorary witness, to create the new synthetic yarn production plant. It is expected to attract more specialised manufacturing industries to the country for the transformation of synthetic yarn of different dimensions and categories of texture.

The draw texturised yarn (DTY) produced in the new unit can be used for the production of synthetic garments, sportswear, clothing resistant to stain, among others.

Due to the need for a greater specialisation in the production of synthetic yarn, Unitexa will continuously seek to develop the personnel it employs, generating a total of 250 direct jobs and approximately 300 indirect jobs.

The plant will generate significant amounts of foreign exchange for the country due to product exports. A sustainability plan is also in place to ensure a socially and environmentally responsible investment.

Unitexa is a result of the trust generated in international and national investors by the program Honduras 20|20, which prioritises the textile sector. In addition, it has generated significant improvements on the country´s customs system as well as the implementation of a modern tax code. (KD)

Fibre2Fashion News Desk – India

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