WWD.com/menswear-news/retail-business/cone-debuts-nicaraguan-plant-2010951/
government-trade
government-trade

Cone Debuts Nicaraguan Plant

International Textile Group’s Cone Denim opened its state-of-the-art Nicaragua operation.

ATLANTA — International Textile Group’s Cone Denim opened its state-of-the-art Nicaragua operation last week in a ceremony that included Daniel Ortega, president of Nicaragua, as one of the speakers.

Named Cone Denim Nicaragua (CDA), the facility is fully vertical and equipped with the most modern manufacturing equipment to process raw cotton through finished denim fabric. It has a capacity of approximately 28 million yards per year and will employ about 850 people.

Wilbur L. Ross Jr., chairman of ITG, said Cone Denim’s Central American platform allows it to further expand its ability to produce innovative products and total supply solutions to customers worldwide. “We recognized early on the significance of this region to our customers and the competitive value it brings,” he said.

Other speakers at the opening ceremony included General Alvardo Baltodano, technical secretary of the National Free Zone for Nicaragua, Paul Trivelli, U.S. Ambassador to Nicaragua, and Joseph L. Gorga, president and CEO of ITG.

Gorga said CDN’s focus over the past year has been on “expanding our footprint and putting in place the strategic pieces of an extensive global supply chain.”