Honduras is the new destination for textile and apparel investment, announces Honduras 2020, a solid platform of facilities and benefits articulated with the purpose of promoting foreign investment and ventures with outstanding conditions that are strengthened every day.
The existing textile and apparel industry infrastructure in Honduras has outstanding conditions for investment and expansion opportunities. There are 18 industrial parks that together have a construction area of more than 1.8 million square metres, and advantages like availability of airports, ports, highways, telephones, water and electrical supply, customs paperwork, low working costs, machinery and logistics.
Owing to the competitive advantage, Honduras’s textile industry has recently attracted an investment of $78 million in a synthetic yarn plant, which is expected to manufacture 20,000 tons annually.
In the last few years, the largest roof solar panel installation in Latin America has been implemented in Honduras. It has an installed capacity of 7.5 megawatts of clean energy. The textile and apparel industry has the capacity of biomass production as well as wastewater management technologies allowing high productivity in a sustainable manner.
According to the Honduran Manufacturers Association (AHM), the current investment in the country’s fabric and clothing manufacturing is estimated to be around $7.8 billion. Focused on corporate social responsibility, AHM also promotes training initiatives, housing access opportunities, safety and occupational health standards, and also a new pilot project of child care centres. This provides residential areas with security, stability and comfort for textile and garment sector employees and their families. (RKS)
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