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Did Sae-A build the US$400 million polyester complex it announced in Guatemala?

According to the cited documentsTo be confirmedSetting up a plant

Polyester complex announced

~US$400 M, 1,500–2,000 jobs

Announcement Feb 2019Prensa Libre 08-feb-2019

Sae-A Trading (Korea) makes garments in Mixco and Villa Nueva through Sae A International S.A. (zone 7 of Mixco); the start date does not appear in the sources. In February 2019 it announced a chemical fiber, fabric and polyester dyeing complex of about US$400 M with 1,500–2,000 jobs, operational "in three years" (Prensa Libre). By July 2019 the investment was still "under review" ("we have not yet made our investment decision") and Just Style put the project at about US$200 M and the existing knit-fabric operation at more than 5,000 employees, a discrepancy in the amount that remains unresolved.

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  • Amount per Just Style~US$200 MUnder reviewJul 2019Just Style
  • Existing knit-fabric operation>5,000 employeesJul 2019Just Style

Sources

  • Prensa Libre

    08-feb-2019, empresa coreana anuncia inversión de US$400 millones

    prensalibre.comAccessed Aug 19, 2026Go to the source
  • Just Style

    05-jul-2019, Sae-A Trading eyes polyester yarn plant in Guatemala

    • Amount per Just Style
    • Existing knit-fabric operation
    just-style.comAccessed Aug 19, 2026Go to the source