In-Brief

2 local companies lock down $3.4M in sales during Colombia expo

Colombiatex of the Americas 2013 attendees discuss business opportunities. Colombiatex of the Americas 2013 attendees discuss business opportunities.

Two Puerto Rican companies recently participated in the most important textiles and garments event, Colombiatex of the Americas 2013, joining nearly 400 entrepreneurs from around the world.

During the gathering, Olímpia Wear de Puerto Rico and Robex Textiles secured $3.4 million in sales, along with the U.S. mainland ($30.8 million), Mexico ($18.8 million), Venezuela ($16 million) and Ecuador ($9.5 million), which were the top five performing participants.

International buyers secured sales to provide uniforms, sportswear, lingerie, and raw materials, and also explored ways to invest in Colombia.

“Colombia is an attractive option for U.S. companies looking to keep prodcution close, product quality, service and competitive firms, areas where we have strengths,” said María Claudia Lacouture, president of Proexport.

After the enactment of the free trade agreement between the United States, its territories, and Colombia, business opportunities between the two countries have grown significantly, one of the main reasons for many Americans and Puerto Rican entrepreneurs to become increasingly interested in doing business with Colombia, she said.

Author Details
Business reporter with 25 years of experience writing for weekly and daily newspapers, as well as trade publications in Puerto Rico. My list of former employers includes Caribbean Business, The San Juan Star, and the Puerto Rico Daily Sun, among others. My areas of expertise include telecommunications, technology, retail, agriculture, tourism, banking and most other areas of the economy.

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