No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveAnother Textile Firm Closes Up Shop

Another Textile Firm Closes Up Shop

Multinational clothing firm Hanes last week closed one of its Costa Rican clothing assembly plants.

The plant, located in Barreal, a district of Heredia, north of San José, employed 120 people at the time of closing, down from 800 one year ago.

The plant assembled women and girls underwear for the U.S. market.

Hanes cited sluggish demand in the United States as the main reason behind its decision, which came a week after VF Corporation, the world s largest clothing manufacturer and, until last year, Costa Rica s largest clothing exporter, announced it would shut down its Costa Rican operations (TT, June 27).

Foreign Trade Minister Marco Vinicio Ruiz said the decision was in part influenced by delays in Costa Rica s approval of the legislation required to join the Central American Free-Trade Agreement with the United States (CAFTA).

The plant first opened in 1992. Hanes continues to operate four textile plants in the country, employing 2,200 workers.

Three of those plants are located in Cartago, east of San José, and the other is in Grecia, a Central Valley coffee town northwest of the capital.

 

Trending Now

An Expat’s Take: 5 Burning Questions About Life in Costa Rica Right Now

Have you been keeping up with the various events taking place in Costa Rica? There is always something interesting going down, and here are...

Costa Rica Maintains Economic Stability Amid Global Tensions

Costa Rica is holding steady economically despite global tensions sparked by conflicts involving Israel, the United States, and Iran, according to Federico Quesada Chaves,...

Climate Change in Costa Rica Devastates Coffee Farms in Los Santos

In Costa Rica’s Los Santos region, famous for producing nearly half the country’s coffee, farmers are reeling from heavy losses driven by wild weather....

Costa Rican Court Orders Release of Migrants Deported Under Trump Deal

A court on Tuesday ordered Costa Rican authorities to release foreign migrants who had been detained in a shelter after being deported under an...

Costa Rica’s Pride 2025 Closing Event Bans Minors, Sparks Outrage

Costa Rica’s Pride 2025 closing event, set for June 29 at San José’s Plaza de la Democracia, was thrown into controversy when the government...

Honduras Seizes $2 Million, Gold-Plated Pistols in Drug Raid

Honduran authorities struck a blow against drug cartels, seizing over $2 million in cash, war rifles, and flashy gold-plated pistols in Copán, a northwest...
Avatar
spot_img
Costa Rica Tours
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest News from Costa Rica