Large Footwear Manufacturer Announces its Investment in Nicaragua

    WASHINGTON, DC, October 18, 2011 /24-7PressRelease/ -- Prestigious Brazilian shoe manufacturer ANIGER, through its subsidary in Nicaragua Tecshoes, S.A., recently announced it will begin operations in the country with an initial investment of US$6 million. The company, which will operate under the free zone regime, has plans to create a total of 1,200 jobs in a period of 12 to 18 months, producing up to 10,000 pairs of shoes a day.

This investment announcement is a direct result of the country's premier investment forum, Nicaragua, Let's Grow Together!, which was organized by the Government of Nicaragua, PRONicaragua and the Superior Council of the Private Enterprise (COSEP, for its acronym in Spanish). During the company's participation in the forum, its executives took the opportunity to negotiate the terms of their investment in the country.

The company of Brazilian origin will be manufacturing ladies' footwear of leather for the brand Clarks, from England.

The investment project, which will be located in Tipitapa, Managua and with an industrial space of 11,000 square meters, will represent the country's second large investment in the footwear sector, after Schmidt Irmaos, also a Brazilian company established in Nicaragua in 2010.

Tecshoes, S.A., which confirmed its intention to invest in the country in August 2011, will begin operations in December of this year. Additionally, the company will train Nicaraguan industrial engineers in Brazil so they may learn the latest and most efficient techniques in leather shoe manufacturing.

ANIGER was founded in 1991 in the city of Campo Bom, Rio Grande do Sul, Brazil. The sum of its subsidiaries produces a total of 25,000 pairs of shoes per day for three large clients: Clarks in England, Miezko in Brazil and NIKE.

PRONicaragua is the Nicaraguan Investment Promotion Agency, established in 2002. It is a non-profit, public-private institution whose mission is to generate economic growth and job creation in Nicaragua by attracting high-quality foreign direct investment. The agency provides complimentary support services to qualified investors seeking investment opportunities in our country. For further information, please contact us at (505) 2270-6400 or http://pronicaragua.org.

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