From
laser-guided measurements for custom clothing to facilities
that produce wiring harnesses for cars, Honduras is
in perfect position for light manufacturing.
In the seven years since Gildan came
to Honduras, the company has gone from zero employees
to approximately 10,000. Lear also has seen an increase
in numbers of employees since the firm acquired
United Technologies Automotive and its facilities
in Honduras seven years ago. The company has expanded
its operations to three plants and 6,700 employees.
In the wake of Lear's success, other companies that
sell products to the wire harness manufacturer have
set up in Honduras, including FCI and Delfingen
Sofanou.
Deepwater Megaport Offers Major Advantage
Manufacturers and processors in Honduras can take
advantage of the country's deepwater port of Puerto
Cortes. As Central America's largest and best equipped
port, it is one of Honduras' most valuable resources.
Located on the Caribbean Sea, Puerto Cortes has
earned the U.S. government's Container Security
Initiative (CSI) and Megaport certifications. It
is the only port in the Western Hemisphere to have
the Secure Freight Initiative (SFI), meaning all
containers passing through the port - 100 percent
- are scanned by U.S. Customs officials in Honduras
and the United States. The process is fast, efficient,
and guarantees that shipments entering the United
States meet security requirements and can get to
markets quickly.
Two Hours by Air, Two Days by Sea, to the U.S.!
Honduras' proximity to the United States - only
two hours away by air and fewer than three days
by sea - means manufacturers can get products and
materials to and from the United States quickly.
Free Trade Zones also reduce manufacturing costs
and speed delivery to waiting markets, and Honduras
offers an added benefit by providing permanent free
trade status anywhere in the country.
No duties are levied on any imports entering the
zone as long as those products are needed for production,
processing, and/or the manufacturing of products
for export. All products leaving the plant for export
- whether to the United States or any other market
outside of Honduras - are duty free as well. The
Honduran government also exempts FTZ companies from
sales and corporate taxes.
Electricity rates in Honduras are among the most
competitive in the region, approximately 9 cents
to 13 cents per kw/hr for industrial and commercial
use. Electricity and privately generated thermal
energy are abundant nationwide, and the government
is investing to increase generating capacity.
Manufacturing and textile production companies starting
up in Honduras can find highly trained workers at
the Instituto Politécnico Centroamericano (IPC).
This technical school in Honduras' second largest
city, San Pedro Sula, is recognized for the high
caliber of its graduates as well as its many resources
for companies in the country. The school has worker
training contracts with a number of companies to
ensure that workers are kept abreast of new developments
and technology in their fields.
International manufacturers in Honduras include
Lear, FCI, Novem, Delfingen Sofanou, VF Corporation,
Unilever, Hanes, and Gildan.
Honduras…in
perfect position for light
manufacturing investment.