Entries from May 2006
City of Commerce, Calif.-based Maya Apparel Group Inc., which acquired knitwear designer and apparel sourcer Indosheen’s assets last year and now does business under the Indosheen name, has bought and begun renovating a 170,000-square-foot manufacturing facility in Honduras.
Calabasas, Calif.-based Buxbaum Group, which has a controlling interest in Maya Apparel, expects the facility to produce 300,000 to 700,000 units a month once it is completely on-line. Maya will contract additional volume to other Honduran plants. The renovation will add special services, incentive programs, and amenities such as air conditioning and an on-site medical facility for the plant’s 400 employees. A group of local professionals will oversee quality control at Maya’s facility and the contract plants, and will coordinate international shipping as well as potential changes resulting from international commerce laws.
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Tags: Honduran Business & Economics
Honduras President Manuel Zelaya expressed gratitude for the initiative of his Venezuelan counterpart Hugo Chávez to offer Honduras fuel at preferential prices to face a potential energy crisis, despite criticism by his foes who consider that the initiative could cause political troubles to the country, news agency AP reported.
“I appreciate President Chávez’ words,” Zelaya said, after the Venezuelan ruler praised his “courage.”
“We have to make a recognition for his courage, because he has been saying that it is necessary to thank Venezuela’s willingness to support poor peoples in Central America,” Chávez said while making reference to other presidents who “made lousy, dirty, disgusting remarks. They say that I am buying the will with a checkbook. This is disrespect for peoples. We simply support the underprivileged.”
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Tags: General Honduras News · Honduran Business & Economics · Politics in Honduras
President Bush will welcome President Manuel Zelaya Rosales of Honduras to the White House on June 5, 2006. The President looks forward to his visit with President Zelaya to highlight the friendship and cooperation between the United States and Honduras, an important regional ally. The two leaders will discuss the expansion of free trade and economic growth and continuing cooperation in areas of mutual interest.
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Tags: General Honduras News · Politics in Honduras
His Majesty King Abdullah on Monday welcomed Central American countries’ interest in building solid relationships with the Arab world, pointing out Jordan’s keenness to work hand-in-hand with Honduras to achieve that goal, the Jordan News Agency, Petra, reported.
During a meeting with visiting Honduran Foreign Minister Milton Jimenez, the King said Amman seeks to construct strong economic ties with Tegucigalpa.
King Abdullah invited the Central American countries, which include Salvador, Nicaragua, Costa Rica and Guatemala, in addition to Honduras, to attend the Dead Sea Institute (DSI) forum, slated for late 2006.
He said the meeting would be an opportunity to bolster cooperation between the two regions.
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Tags: General Honduras News · Honduran Business & Economics · Politics in Honduras