# Nextil invests $41.6M in new textile factory in Guatemala

Nextil invested $41.6 million in a new textile factory in San José Pinula, Guatemala. The 25,000 square meter facility will focus on knitting and is expected to start operations in the coming weeks, becoming the group's main fabric factory.

- Type: New facility
- Announced: 2022-05-25
- Where: San José Pinula, Guatemala Department, Guatemala
- Value: $41.6M
- Starts operating: Jun 2022
- Status: under construction
- Products: knitted fabric, garments
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Nextil](https://endata.com/companies/35565.md)

## Sources

- [bloomberglinea.com](https://www.bloomberglinea.com/2022/05/25/nextil-invierte-us416-millones-en-guatemala-y-nueva-fabrica-entrara-en-operacion/), 2022-05-25: "La expectativa es grande y esperan arrancar las operaciones de la planta ubicada en el Departamento de Guatemala, en el municipio de San José Pinula en las próximas semanas, en un espacio de 25.000 metros cuadrados la operación estará dedicada a la tejeduría."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.