Nextil Inaugurates New Guatemalan Textile Plant

Nueva Expresion Textil, S.A. (ES:NXT) has released an update.

Nueva Expresión Textil S.A. (Nextil) is set to inaugurate its new production facilities in Guatemala on October 16, 2024, marking a significant milestone in its strategic plan. The state-of-the-art, eco-friendly facility represents over 20 million euros of investment, is expected to initially produce 30 million euros annually, and will create over 100 jobs. The Nextil Group is also progressing with Phase 2, aiming to increase the plant’s capacity to over 80 million euros by the summer of 2025.

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