Caracol Knits III

repaid

The objective of the Caracol Knits cogeneration project is to reduce the company’s energy costs and ensure its energy supply, eliminating costs due to power failures. To accomplish this, Caracol Knits has engaged the Spanish company INGEMAS to perform the construction work and install an engine manufactured by Mann B&W DIESEL AG, AUGSBURG (Germany).The project also includes the purchase and installation of a printing machine that will enable the company to broaden its product range. It also provides for complementary water treatment equipment to improve wastewater quality, substantially reducing the company’s costs.Through its participation, the IIC will be supporting the Honduran textile export industry because the Company is a major fabric supplier and exports all of its production. The Company is known both locally and internationally as a leader in the textile sector and is a major employer in northern Honduras. The cost savings resulting from this project will enable the company to maintain its competitive advantage and continue improving its efficiency.