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Footwear investment in Nicaragua leaped in 2011 and 2012
Nicaragua’s footwear industry took big steps forward in 2011 and 2012 with the investments of Tecshoes Latin America and Dikamar, respectively.
Tecshoes, a Brazilian footwear manufacturer with a production of 5,500 pairs per day and a labor force of 1,200, produces and exports fine leather footwear for the Clarks brand of England. On the other hand, Dikamar, a Venezuelan company with 65 employees, produces rubber boots for outdoor and industrial activities with advanced technology.
Footwear manufacturing in Nicaragua has grown due to advantages such as the strategic location in the center of the Americas with access to both oceans, preferential access to key international markets, one of the most competitive cost structures in the region, generous investment incentives, and high levels of citizen security.
Currently, the industry's main products are cattle and goat leather loafers and high heels, synthetic sandals, and functional and industrial boots; the main export destination markets are neighbours Costa Rica and Panama, and the United States.
However, the industry still offers investment opportunities in the manufacturing of shoes with leather uppers (casual or fashion), rubber boots and safety boots for construction, a great variety of functional boots for industrial protection or outdoor activities, shoes and sandals made from different kinds of synthetic materials and basic components and accessories to complete the supply chain.