Brief: Nextil Starts Operations At Its Factory In Guatemala

Nueva Expresion Textil SA

11/04/2024 07:21

April 11 (Reuters) - Nueva Expresion Textil SA
 NXTE.MC :
    * STARTS OPERATIONS AT ITS FACTORY IN GUATEMALA WITH THE
FINAL
OBJECTIVE OF A TURNOVER OF 100 MILLION EUROS
    * INVESTMENT ALREADY MADE IS OF OVER $21.5 MILLION 
    * THE FACTORY, LOCATED IN MUNICIPALITY OF FRAIJANES, IS ABLE
TO
REACH, IN A FIRST PHASE, ANNUAL PRODUCTION OF UP TO 3 MILLION
YARDS AND A TURNOVER OF MORE THAN 30 MILLION DOLLARS
    * EXPECTS TO INCREASE PRODUCTION LOAD TO COMPLETE MAXIMUM
CAPACITY
OF PLANT AND WITH AN ASSOCIATED TURNOVER OF ABOUT $110 MILLION
PER YEAR

Source text for Eikon:  ID:nCNM81kZ7R 
Further company coverage:  NXTE.MC 

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