Spain-based garment manufacturing group Nextil is set to open a new production facility in Guatemala. The company plans to invest €40m ($47.16m) in the plant and will initially hire 350 local employees. The 25,000m2 factory is scheduled to open in early 2023.
With a consolidated ecosystem in the textile industry , Guatemala competes and positions itself as a strategic supplier in the “big leagues” of the sports market. From uniforms to fan apparel, products reach the NBA, NHL and MLB.
The U.S. Embassy reported that the U.S. and Guatemala committed to formalize a work plan to develop Puerto Quetzal, including additional feasibility studies, design planning and training by U.S. experts for the local infrastructure workforce.
Did you know that Americans earn up to five times more than Guatemalans just for meeting the base salary? However, a good salary is not enough either. Find out what else it takes to attract talent.
