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Millknit investment to revive Nicaragua garment industry

Tuesday, February 5, 2013

Nicaragua is set to begin manufacturing fabrics and textiles for apparel companies in the country’s free zone sector this year.

US-capital textiles firm Millknit Industries is set to start operations any time soon in the Las Mercedes industrial park in Managua. An initial investment of $25 million has been allocated for the initiative.

Until Millknit, Nicaragua had only one garment-producing company, Cone Denim, which was closed down in March 2009, after operating for less than a year.

Source: TopTenWholesale