Business

Intradeco Holdings Invests Over $100 Million In Central America

Dedicated new plants for yarns in El Salvador and Honduras. Intradeco Holdings, headquartered in Miami, Florida, is investing over US$ 100 million in Central America with three major projects to make the most of the CAFTA-DR free trade agreement and near-shoring opportunities, advance full circularity and expand solar power. The first project is the Central American Spinning Works, a state-of-the-art ring spinning mill in Honduras, which began operations earlier this year. The second is the creation of a manufacturing plant in El Salvador that uses 100% recycled yarns – both cotton and synthetics. This will allow the company to advance its full circularity textile supply chain strategy. The third project will allow the company to expand its solar energy power to attain 30 megawatts by the third quarter of 2022. “This announcement is consistent with our 40 years of innovation and service which comes with being an integral part of the textile, apparel and retail industries,” said Intradeco chairman Felix Siman. “With our comprehensive distribution channels and supply chain, we can reach our customers in an efficient and cost-effective manner in the shortest time possible.” Intradeco is a founding member of The HUGE –Honduras, USA, Guatemala, El Salvador – Business and Investment Council. Through these investments it is helping to create more than 1,000 jobs in Central America, while contributing to the region’s environmental sustainability objectives. Intradeco is a global vertical-manufacturing company supplying casual clothing and thermal underwear to major retailers in the USA, Mexico and Canada.