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Brazilian Textile Company to Build El Salvador Factory

CAXIAS DO SUL, BRAZIL – Brazilian textile maker Pettenati S/A Industria Textil is planning to build a US$40 million factory in El Salvador, according to business newspaper Valor. Pettenati, which is based in the southern Brazilian city of Caxias do Sul in the state of Rio Grande do Sul, has decided to begin overseas production to take advantage of better exchange rates and El Salvador's proximity to the US market.

Pettenati, which was founded in 1964, has over 1600 employees and produces 180 different types of fabrics. Pettenati has branches in the cities of São Paulo and Paraná.

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