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Modas Garment Factory Shutters in Guatemala, Cascading Effect Feared

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MEXICO CITY – More than two dozen Guatemalan apparel factories could close this year as suppliers seek cheaper production outposts in Nicaragua, Haiti or Vietnam, top executives said. “We could lose another 20 to 25 factories of the 200 we have,” said Alejandro Ceballos, president of leading apparel chamber Vestex. “Guatemala specializes in high-value apparel…

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