CHOLOMA – As part of the Honduras 2020 initiative, Grupo Elcatex has confirmed that it will invest US$120 million in the construction of a new fully integrated synthetic stretch apparel factory which will be powered by a nearby US$130 million biomass plant, and will also taking energy from a new bio-gas facility to generate steam.
The move is part of the Honduran governments ambitious plans to turn the country into the sustainable textile sourcing ‘hub of choice’ in the west, as it earmarks billions of US dollars to improve the environmental and social compliance profile of its textile manufacturing sector.
