Spanish textile firm Nextil Group plans to expand capacity by opening a new fabric production plant in Guatemala. Spanning 25,000 sq mt, the plant is expected to be operational in Q1 2023. It will enable Nextil Group minimize losses, secure maximum efficiency in logistics and distribution, with preferential tariff arrangements.
The plant will be set up with an overall investment of €40 million. It will have 350 local employees on its payroll and train Guatemala university students who wish to go into the textile sector. The plant will optimize its cost structure in line with other plants in the group and maintain the certifications of origin for its products. Nextil Group will maintain its existing production plants in Spain and the US for value-added specialties, for the development of new products and for local and commercial logistics.
The industrial group will build a state-of-the-art factory. In keeping with its policy of environmental commitment, the new plant will implement a plan to maintain a low carbon footprint and incorporate cutting-edge machinery and advanced systems in energy saving, rainwater treatment and reuse of resources, among others.