In Guatemala, a Korean business group plans to invest in the start-up of a fabric factory in the municipality of Villa Nueva.
s that will be manufactured in the new industrial plant will be specialized and will supply other factories in the region, informed authorities and businessmen of the sector.
According to directors of the Garment and Textile Commission (Vestex), Korean businessmen interested in invest
ing have already visited industrial parks in the country to learn about the operations of other factories.
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Prensalibre.com reviews that "... Executives of the company held meetings with the Vice Minister of Foreign Affairs, Shirley Aguilar, and with Rolando Paiz, commissioner of the National Competitiveness Program (Pronacom), to follow up on industrial investment.
Alejandro Ceballos, President of Vestex, said that "... with this announcement, the path of Korean investment in the sector is being resumed. This is a factory that will manufacture fabrics and that comes to reinforce Guatemala as a competitive country in the area of textiles and apparel in the region
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David Juarez, vice president of the Korean Guatemalan Chamber of Commerce (Camcor), said that "... the plant will be installed in Villa Nueva is in the last administrative phase of reviewing contracts, legal registration procedures and warehouses, so it is expected that in the next few days the operation will begin.
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