The Costa Rica News (TCRN) – The Canadian company Gildan Activewear confirmed that they will be installing a new textile manufacturing plant in Guanacaste, which will generate 1,000 jobs in the area.

The company made the announcement today in Montreal, Canada during its second quarter report to shareholders for 2014, according to the Costa Rican Coalition for Development Initiatives (Cinde), who said they have been working with the company for several months.

According to Cinde, Gildan Activewear is one of the largest suppliers of sports brands, casual apparel, and sportswear. The company reported over $2.2 billion in sales in 2013, a 69% growth since 2009.

The company has more than 33,000 employees worldwide in its plants in countries such as Nicaragua, Honduras, Dominican Republic and the United States.

Gildan Activewear said was Guanacaste selected by the strategic location that gives its proximity to other plants in Nicaragua, Costa Rican ports with access to the Pacific and the Atlantic and expeditious entry of their goods to the main markets of the United States by the Treaty of Free Trade with the U.S. and the free zone regime.

The director of Cinde, Gabriela Llobet, said the deal allows them to continue to integrate a strong network of plants in Central America, while they can diversify and increase production capacity in the region and strengthen the distribution of their products to the American market and others around the world.

Cinde stressed that investment is important for generating jobs in a city outside the greater metropolitan area and they said that this shows that the country is a highly competitive location for foreign direct investment in manufacturing sectors.

The process of analyzing the company started in 2013. On Monday, representatives of Gildan Activewear had a meeting with President-elect Luis Guillermo Solis, VP Helio Fallas, the new Minister of Foreign Trade Alexander Mora and the leaders of Cinde.

The Costa Rica News (TCRN)

San Jose, Costa Rica