In an economic development that promises to boost employment in Honduras, the government has announced a substantial investment from Chinese textile giant Texhong. The $400 million venture is set to generate around 7,000 job opportunities, particularly focusing on the town of Choloma, situated near the industrial city of San Pedro Sula.
The Honduran government disclosed that Texhong, listed on the Hong Kong stock exchange, has procured a significant land parcel of 200 hectares in the Choloma area for this purpose. However, Texhong has yet to make a public comment regarding this investment.
Texhong, headquartered in Shanghai, is recognized for its yarn production and distribution, with existing manufacturing operations in China and Vietnam. This investment move follows the establishment of diplomatic relations between Honduras and China in March, after Honduras severed its longstanding ties with Taiwan.
The two nations have been engaging in discussions since July about a possible trade agreement, aiming to enhance bilateral trade relations.