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El Salvador textile sector grows despite challenges

Thursday, August 29, 2013

High energy costs could affect El Salvador's textile industry, which already lost a potential investment of $35 million.

The company, CS Central America, preferred to invest in the United States due to lower energy prices, and pointed out that countries such as Guatemala, Honduras and Nicaragua offer better incentives to key industries.

However, the textile sector grew 10 percent in the first half of the year, and helped create some 3,800 jobs in that period, according to the country's textile chamber.

Full story (in Spanish)