LATIN AMERICA operational by the end of 2016 at Parras de la Fuente and by the second quarter of 2017 in Yecapixtla .
Growth prospects
Company Information
NAME
International Textile Group
According to Gonzalez , the outlook for the remainder of 2015 , and then for 2016 and 2017 are excellent .
ITG ’ s goal is to maintain their level of production and profits . If it ’ s possible to grow , said , the executive , all the better . When considering the long-term outlook for the global textile industry , Gonzalez predicts a growing reduction in the number of market players . It ’ s a market , he suggests , where companies that fail to adapt to remain competitive will disappear or lose market share .
“ Our market is not only Mexico . It ’ s international . The Mexican textile industry has already shrunk in the number of market players and I believe it will continue to do so . I think it ’ s a difficult market in which those that aren ’ t careful to keep their costs down and don ’ t discover ways to differentiate themselves are likely to disappear or minimize their operations ,” concluded Gonzalez .
INDUSTRY
Textile manufacturing
HEADQUARTERS
Yecapixtla , Morelos , Mexico
FOUNDED
2004
EMPLOYEES
4,800 worldwide
REVENUE
USD $ 595 million ( global )
WEBSITE www . itg-global . com
www . itg-global . com 107