US-Guatemala Trade Deal Set to Propel Nextil’s Competitive Stance

Nextil, in the heat of international geopolitics. Industrial Spanish giant Nextil expects the US-Guatemala trade agreement announced today by the US Administration to positively affect Nextil’s products manufactured in Guatemala.

The group is confident that the reduction of non-tariff barriers, the streamlining of certifications or the regulatory advances, among others, contemplated in the agreement will be a driving force for the company’s business, which has a production unit in the country to respond to the demand of the US market.

The company explained in a statement that the agreement “represents a direct opportunity to accelerate the acquisition of new clients and programs, increase volumes and continue consolidating our vertical model oriented to the United States”. “We have invested early in expanding production capacity and today this strategy is confirmed as a success,“ said Nextil Group’s CEO, César Revenga.

Nextil operates production plants in Guatemala and Portugal to supply the U.S. and European markets

With this new commercial framework, the company “consolidates Guatemala as one of its strategic hubs”, according to progress in the execution of its Strategic Plan to 2026, thus reinforcing its role in the global transition to “closer, more traceable and sustainable “ production models.This new bilateral framework reinforces the company’s role in the global transition towards “closer, more traceable and sustainable” production models. “This new bilateral framework reinforces Guatemala’s position as one of the most competitive industrial destinations for the North American market,“ adds Revenga.

Thus, according to Nextil, this set of measures “will significantly strengthen Guatemala’s position as an industrial destination for U.S. brands seeking close, reliable and sustainable capabilities,“ all under the framework of the Cafta treaty, whereby trade with the United States benefits from tax exemptions and virtually zero tariffs with some countries in the region.

Nextil’s presence in Guatemala is part of the new roadmap of Nextil, formerly known as Dogi, one of Spain’s historic industrial giants. After years of losses, in fact, the company has already begun to see the first signs of recovery: in the first half of the year, the company multiplied its net profit by 17 to €1.2 million.

Nextil closed the period with a turnover of €16.3 million, 20% more than in the first half of 2024, in addition to reducing its net debt to €12 million, compared to more than 50 million at the end of 2023. In addition to Guatemala, Nextil also carries out production in Portugal through a network of five garment plants, which supply the European luxury sector.