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 […]
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 […]
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 […]
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 […]
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 […]