Intradeco Holdings, a global vertical manufacturing company supplying casual clothing and thermal underwear to major retailers in the U.S., Mexico and Canada, invests more than $100 million in Central America to expand nearshoring, increase solar energy power, and advance full circularity.
With three key projects, Intradeco Holdings is spending more than $100 million in Central America to take advantage of CAFTA-DR and nearshoring opportunities, promote full circularity, and grow solar power, the company stated today.
The Central American Spinning Works, a state-of-the-art ring spinning mill in Honduras that began operations earlier this year, is the first project.
The second project is the establishment of a factory in El Salvador that will produce 100% recycled yarns, both cotton, and synthetics. The company will be able to move on with its complete circularity textile supply chain strategy as a result of this.
By the third quarter of 2022, the company will be able to increase its solar energy capacity to 30 megawatts.
Felix Siman, Intradeco Chairman said that this news is consistent with our 40 years of innovation and service that comes with being a vital part of the textile, clothing, and retail industries. They can reach their consumers efficiently and cost-effectively in the quickest period feasible thanks to their extensive distribution channels and cutting-edge supply chain.
Mr. Siman added that Intradeco is a founding member of the Think HUGE Business and Investment Council (Honduras, USA, Guatemala, and El Salvador). Their company is helping to create over 1,000 employment in Central America as a result of these investments, while also contributing to the region's environmental sustainability goals.
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