Brief: Nextil Signs MoU With Maxum International

Nueva Expresion Textil SA

16/09/2025 07:11

Sept 16 (Reuters) - Nueva Expresion Textil SA NXTE.MC:

SIGNS MOU WITH MAXUM INTERNATIONAL GROUP

MOU ESTABLISHES STRATEGIC COLLABORATION FRAMEWORK TO DEVELOP TEXTILE PROGRAMMES FROM NEXTIL GROUP'S FACILITIES IN GUATEMALA

BOTH COMPANIES EXPECT INITIAL MINIMUM PRODUCTION VOLUME OF 15 MILLION DOLLARS PER YEAR, STARTING IN OCTOBER

PARTIES ESTIMATE INCREASING VOLUME TO OVER USD 40 MILLION/YEAR FROM SECOND HALF OF SECOND YEAR, FOR FIVE YEARS

PARTIES ESTIMATE TOTAL CUMULATIVE COMMITMENT OF AT LEAST $175 MILLION OVER NEXT 5 YEARS

Source text: ID:nCNM6QXR0Q

Further company coverage: NXTE.MC

 (Gdansk Newsroom)

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