Cone Denim of the ITG Group has formally opened its Nicaragua plant for the manufacturing of 28 million metres of denim. Employing about 850 people, it is their first venture in the Central Americas.
Cone denim already has manufacturing facilities in the US,Mexico and China and partnerships in India(recently with LNJ Denim) and Turkey.
At a time when Denim is going through a downturn, it is surprising to see the confidence with which Cone Denim is not only expanding operations but entering into various partnerships around the world. The previous record of Cone, however, related to partnerships has not been very good .Its previous partnership with the Indian company Ashima Denims (which was entered into late 1990s) did not proceed very well and broke early.