GUATEMALA’S APPAREL AND TEXTILE INDUSTRY LOOKS TO TECHNOLOGY TO BOOST OUTPUT AND COST EFFICIENCY
February 1st, 2020
The textile industry in Guatemala represents 8.9% of the country's gross domestic product (GDP), but a rise in production costs is jeopardising the industry's overseas sales competitiveness. Therefore, Guatemala producers are focusing on buying and installing cutting edge technology to improve existing operations and even create new business divisions, maintaining their competitiveness against other suppliers in the region, Alejandro Ceballos, president of the country’s Apparel & Textile Industry Association (Vestex). According to Ceballos, Guatemala's ...
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