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JVs and mergers seen at Apparel Summit of the Americas, Honduras

Apparel Summit of the Americas was held in Honduras from November 27 to 29, 2018. The who’s who of US active wear brands had assembled -- 250 executives from 125 organizations. Business was closed, joint ventures were initiated and mergers were negotiated during the event.

Honduras is the number one country of origin for US imports of cotton T-shirts and sweatshirts. The new strategic textile investments in Honduras are focused on manmade knits, adding to the region’s importance in the growing active wear category.

Honduras is attracting lots of foreign investments, creating thousands of new jobs, improving infrastructure and ports, enhancing education, building safe, affordable housing, generating stable renewable energy and above all else increasing the capacity for apparel production in the Americas.

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 sq. mt., and advantages like availability of airports, ports, highways, telephones, water and electrical supply, customs paperwork, low working costs, machinery and logistics. The textile and apparel industry has the capacity of biomass production as well as wastewater management technologies allowing high productivity in a sustainable manner.