By Jessica Gomez on April 25, 2012
canada, charter cities, honduras, manufacturing, maquila, RED
General Honduras News

With the near unanimous support of its Congress, Honduras recently defined a new legal entity: la Región Especial de Desarrollo. A RED is an independent reform zone intended to offer jobs and safety to families who lack a good alternative; officials in the RED will be able to partner with foreign governments in critical areas […]
By Alma Castro Hernández on March 21, 2012
manufacturing
Business - Economics
The Ethan Allen furniture company is expanding its operations in Honduras. The company says the move is to support its U.S. operations, not replace them. Ethan Allen has a furniture plant in Orleans, Vermont, and a sawmill in Beecher Falls. In the past decade, the Connecticut-based company has closed three furniture plans in Vermont. In […]
By Catracha Hondurena on January 23, 2012
employment, manufacturing
Business - Economics
Mario Canahuati, a large manufacuturing plant owner, reported that he will be re-visiting other countries in the coming days in an attempt generate employment for Honduras. He intends to continue promoting the program, ‘Honduras Is Open For Business.’ “I return to doing it, because no one else is doing it, and the Government is definitely […]
By Alma Castro Hernández on January 18, 2012
employment, labor, manufacturing, minimum wage, textiles
Business - Economics

The Central American Republic of Honduras has approved setting up new textile units for creating thousands of employment opportunities in the north of the country. Under the ‘maquiladora’, sometimes also called ‘maquila’, arrangement, manufacturing plants import and assemble duty-free components for export. Plant owners take advantage of low-cost labor and pay duty only on the […]
By Hector Martinez on January 12, 2012
manufacturing, maquilas, workers
Business - Economics
Honduras’s textile industry lost 12 textile mills and 8,100 jobs last year as the industry began shifting its operations to nearby El Salvador, a spokesman for leading Honduran maquila association Camtex has confirmed to just-style. “We are very worried,” he said. “We are losing a lot of competitiveness, especially with El Salvador and Nicaragua, which […]