Nextil reaches agreement with Maxum to develop sustainable manufacturing platform in Guatemala

Nextil has formalised a binding agreement with U.S.-based Maxum International Group for the joint development of NextGreen, the Spanish company’s new sustainable textile production platform, which integrates full circularity, natural dyeing and end-to-end production at competitive scale from Guatemala.

The agreement, the largest in the company’s history, sets a minimum cumulative projection of $200 million (172 million euros) over the next five years, with increases each year. Forecasts will be updated based on commercial developments and on the production capacity of both Nextil and the region, the company explained in a statement.

From this production centre, Nextil will be able to offer the North American market circular, naturally dyed, traceable and price-competitive garments that benefit from the preferential tariff regime under the regulatory framework of the CAFTA-DR agreement (Dominican Republic-Central America Free Trade Agreement with the United States).

The alliance also envisages a model whereby Nextil will oversee production and Maxum will handle marketing and distribution, together with a progressive structure of commercial royalties for Maxum that will grow in line with the volume generated.

In addition, Maxum has committed to allocating 30% of these royalties to the direct purchase of Nextil shares outstanding on the Spanish Continuous Market.

At the same time, the alliance does not limit Nextil’s direct sales to its own clients and will allow NextGreen to become an independent business unit of the group from 2026.