Economy News

Groz-Beckert is adapting its organizational structure at its headquarters to changing market conditions

Albstadt: The ongoing weakness in demand and structural changes in the international textile industry continue to put economic pressure on Groz-Beckert’s core business, Textile Tools. Since a market recovery...

Syria Seeks Funding to Advance €5 Million Textile Recovery Project

Syrian officials and international partners met at the Italian Embassy in Damascus to review progress on the €5...

Change of Leadership at Rieter

Thomas Oetterli has decided to step down from his function as CEO, effective October 31, 2026, and hand...

Fine Spinners Uganda Invests $5 Million to Target Kenya’s Apparel Export Market

Fine Spinners Uganda Limited is investing an additional US$5 million in textile machinery as it seeks to become...

PM Modi’s Uzbekistan Visit: What It Means for the India-Uzbekistan Textile Trade

Indian Prime Minister Narendra Modi's two-day state visit to Uzbekistan on August 29–30, 2026, at the invitation of...

Advertisment

AMEC AMETEX

Indian Firms Eye Ghana as US Tariffs Reshape Manufacturing

Ghana is emerging as a promising destination for Indian manufacturers seeking to navigate shifting trade dynamics, as punitive U.S. tariffs disrupt billions in exports...

U.S.–India Trade Dispute Opens New Opportunities for Turkish Exports

The escalating tariff war between the United States and India is reshaping global trade flows, creating what experts describe as a historic opportunity for...

Egypt Studies Converting Helwan Iron into Textile Industries Complex

Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, has announced that the government is considering transforming the...

How Trump’s 10% Tariff Threatens Kenya’s Textile Sector

President Donald Trump’s administration has intensified its "America First" trade agenda by imposing a flat 10 percent tariff on all imports into the United...

PM Shehbaz Inaugurates Chinese Textile Group’s Special Economic Zone in Islamabad

Prime Minister Shehbaz Sharif on Friday inaugurated a Special Economic Zone (SEZ) established by Chinese textile giant Challenge Fashion Private Limited, marking a major...

Apparel Textile Sourcing Canada 2025 Marks 10th Edition with Montreal and Toronto Shows

Apparel Textile Sourcing Canada (ATSC), the country’s leading apparel and textile trade event, celebrates its 10th anniversary with two editions this fall: in Montreal...

Algiers to Host Africa’s Largest Trade Showcase at IATF2025

Algiers will host the 2025 Intra-African Trade Fair (IATF2025), marking a significant milestone as Arise Integrated Industrial Platforms (Arise IIP) takes on a premier...

Brussels Approves Five-Year Exemption to Boost Tunisia’s Textile Sector

In a move to enhance Tunisia’s textile industry, Brussels has approved a five-year exemption that will allow basic local processing to qualify as an...

Ghana Unveils Ambitious Plan to Revive Textile Sector with $2 Billion Target by 2033

Ghana's government has set its sights on revitalizing its struggling textile industry with a bold new policy aimed at transforming the sector into a...

Lenzing with Revenue and Earnings Growth in First Half of The Year – Tariff Policy Slows Recovery Momentum

Revenue grows to EUR 1.34 bn, EBITDA at EUR 268.6 mn Earnings after tax positive at EUR 15.2 mn Tariff measures place a...
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
AMEC AMETEX
spot_img
spot_img
spot_img