Nextil Group, the Spanish textile group, has signed the largest contract in its history with the American giant Maxum International Group, valued at a minimum of $175 million over five years.
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The agreement between Nextil Group y Maxum International Group, which handles more than $2.000 billion in retail sales in the North American market, implies a commitment to exclusive production in Guatemala under the framework of the trade agreement CAFTAThis contract establishes a guaranteed volume starting at $15 million in the first year and rising to more than $XNUMX million. $ 40 million annually from the second, with a minimum accumulated of 175 million in five years, and potential for further growth.
Maxum's decision to partner with Nextil is part of its strategy to progressively transfer its production from Asia to Guatemala, betting on a closer, more competitive, and, above all, more sustainable supply chain. This movement reflects a global trend driven by changes in US trade policies and tariffs, which favor production in Central AmericaWith this contract, Nextil is at the epicenter of this transition, demonstrating that the nearshoring has ceased to be a simple theory to become a reality with large-scale contracts.
"This agreement marks a before and after in Nextil's history," he said. César Pérez Revenga, CEO of Nextil Group. "Sealing an alliance of this magnitude with a giant like Maxum not only consolidates Guatemala as a strategic textile platform for the U.S. in the textile segment premium, but it also places us at the center of the transition of large North American groups from Asia to more sustainable, competitive, and traceable production models."
The CEO of Nextil added that this contract gives full meaning to the recent expansion of production capacity at its plant in Guatemala, which can now reach the $ 70 million annually, and the company is already studying new strategies to increase this capacity beyond 2026.
For its part, Gary Peterman, Executive Chairman of Maxum International Group, expressed his enthusiasm for the collaboration. “On behalf of Maxum International Group and myself, we are very excited about our shared growth plans. We believe we have a true partnership in developing many opportunities for both Nextil and Maxum International Group in the future, on a global stage.”
With this alliance, Nextil makes decisive progress in the execution of its Strategic Plan 2024–2026, strengthening its position as a textile platform global, integrated and sustainable which contributes to the industrial and economic development of Guatemala. The group has also announced that it continues to work on other important agreements and that in the coming months it will organize a Investors Day to provide more details on its growth plan.
