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The US-based Asheboro Elastic Corporation (AEC) began operations in El Salvador in 2006 in the clothing, apparel, and medical sectors.
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AEC is on a growth trajectory
The Asheboro Elastic Corp El Salvador, of US origin, recently made a capital investment of $350,000 to increase its Central American production capacity. According to its website, the company “manufactures knitted, woven, elastic, rigid narrow fabrics, and offers elastic waistbands, color tapes and handles. It also produces knitted mattress trims.
AEC is a subsidiary of Asheboro Elastic Corp. The company was established in North Carolina in the United States. AEC began operations in El Salvador in 2006. The company produces elastic and rigid knitted bands for the clothing and medical industries.
During a visit to Asheboro Elastics Corp El Salvador by the charge d’affaires of the United States Embassy, Brendan O’Brien, the diplomat pointed out that since it commenced its manufacturing operations, AEC has invested $5.1 million in its manufacturing plant. The company is located in San Bartolo, Ilopango free zone located in El Salvador.
AEC manufacturing capacity will increase as a result of investment
The company’s most recent investment of $350,000 was to acquire new machinery. As a result of this capital upgrade, the company will increase its annual capacity to manufacture 460 million yards of its products. These items have export markets that are mainly to located in other Central American countries and nations in the Caribbean.
As a response to demand that was created as the result of the coronavirus pandemic, Asheboro Elastics Corp El Salvador was able to diversify its product offerings by venturing into the development and sale of personal protective equipment (PPE).
It is worth noting that the firm takes seriously its responsibility to preserve the environment. By taking a proactive position, AEC has funded and implemented plans to reduce its environmental footprint by installing a biological and chemical wastewater treatment plant. This allows the company to process the waste that is produced as a result of the dyeing processes on-site.
Likewise, it has an agreement with a local Salvadoran recycling company to process boxes and plastics for reuse and to process chemical containers for future use, as well.
Asheboro Elastics Corp El Salvador is an exemplary corporate citizen
AEC replicates the practices of its North Carolina parent company in its Central American operations and implements corporate social responsibility programs that benefit its Salvadoran workforce. Among the benefits that are enjoyed by the company’s employees are the financing of studies for its employees and the maintenance of a medical clinic in its facility. Additionally, the company guarantees its employees’ preventive health by administering anti-covid vaccinations. Furthermore, AEC provides benefits that enable its workers to access services for detecting breast cancer, as well as gives them access to dental and ophthalmological care.
“Excellent responsibility towards its employees ” were the words of praise that the charge d’affaires of the United States, Brendan O’Brien, chose to describe Asheboro Elastics El Salvador.
During its 18 years in Central America, some 250 Salvadorans have benefited from the labor benefits offered by the company, which grants them 100% of their labor benefits. Nearly 50% of employees have also received additional remuneration for working a significant number of overtime hours.
Among other things, the business owner has invested $75,000 dollars in educational scholarships to upgrade the skill level of the company’s employees. These funds were administered by the AEC’s Human Resources Managers, Yesica Fuentes and Karen Chavez. The latter individual is the compliance officer in money laundering prevention, as well.
“It is an excellent opportunity to be an employee of Asheboro Elastics Corp El Salvador. It is a company that is conscientious in its care for its employees, and it was excellent to hear the stories of people like Yesica and Karen. They have been able to advance their careers. This employee advancement is the product of company scholarships. Finally, it is encouraging to see how AEC has overcome the pandemic and has, as a result, become a stronger organization”, said the charge d’affaires at the end of his visit to AEC.
Asheboro Elastics Corp El Salvador boasts OEK TEC certification. The company is recognized for its “toxic substance-free” health standards. OEKO-TEX® certification and the DETOX TO ZERO analysis by OEKO-TEX® optimize the manufacturing process for ecological and socially responsible textile and leather production. The ECO PASSPORT by OEKO-TEX® identifies environmentally friendly chemicals, auxiliaries, and colorants used in the textile and leather industry.
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