ECUADOR: China Sinotex To Invest $6m In Maquiladora
China Sinotex United Import and Export Co plans to invest $6m in Ecuador to install a clothing production facility in the Cuenca tax-free zone. Armando Albornoz, administrator of the tax-free zone, said earlier this week that China Sinotex will begin production at the new maquiladora in January and will export to the US and European Union. The new facility is expected to generate around 400 jobs.