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Article: Nicaragua's president announces plans to bolster garment industry.
- Article from:
- South Florida Sun-Sentinel (Fort Lauderdale, FL)
- Article date:
- April 17, 2006
CopyrightCOPYRIGHT 2006 South Florida Sun-Sentinal. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Doreen Hemlock
FORT LAUDERDALE, Fla. _ Chalk up a nearly $100 million investment in Nicaragua to this month's launch of the U.S. free trade agreement with the Central American nation.
Nicaraguan President Enrique Bolanos announced Monday during a Miami visit that a North Carolina-based group will build a massive denim fabric mill in his country, employing 750 people and helping strengthen Central America's garment industry to better compete against China for U.S. sales.
Investing in Central America's poorest nation is the Cone Denim division of International Textile Group, the venture formed in 2004 when financier Wilbur Ross meshed the ...