By  on April 17, 2006

MIAMI — International Textile Group’s Cone Denim unit is breaking new ground in Central America.

ITG chairman Wilbur Ross and Nicaraguan President Enrique Bolanos Geyer revealed here Monday plans for the company’s Cone Denim operation to build a new denim facility in Nicaragua’s Jorge Bolaños Abaunza Textile Park in Managua.

Ross called the occasion a special day not only for the company but for himself. “During a trip to Central America in May 2004, we said we’d build a plant,” said Ross, but this was contingent upon passage of the Central American Free Trade Agreement. “The passage of CAFTA was tough and slow, and it only passed by a slim margin."

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