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...

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India and Japan Deepen Textile Trade and Investment Collaboration

India and Japan are strengthening their textile trade and investment ties, building on the foundation of the India-Japan Comprehensive Economic Partnership Agreement (CEPA) signed...

Uzbek Trade Delegation Strengthens U.S. Ties and Showcases “Made in Uzbekistan” at Major New York Trade Shows

A high-level trade delegation from Uzbekistan’s Ministry of Investment, Industry and Trade (MIIT) completed a week-long visit to the United States from July 23...

Colombia’s Strategic Potential for Textile and Apparel Trade Highlighted by Turkish Commercial Counsellor

During the 36th edition of ColombiaModa in Medellín, one of South America’s most prominent fashion and textile exhibitions, Kohan Textile Journal had the opportunity...

AAFA Urges Swift, Long-Term Renewal of AGOA to Sustain and Expand U.S.–Africa Apparel Trade

The American Apparel & Footwear Association (AAFA) has called on U.S. lawmakers and trade officials to enact a long-duration renewal of the African Growth...

MENA Textile Machinery Market Faces Downturn in 2024 While Regional Production and Exports Show Resilience

The Middle East and North Africa (MENA) textile weaving and knitting machinery market experienced a notable contraction in 2024, according to the latest report...

AfDB and EABC Sign $1 Million Deal to Boost Sustainable Industrialisation in East Africa

The African Development Bank (AfDB) and the East African Business Council (EABC) have signed a $1 million grant agreement to promote sustainable industrialisation and...

Bangladesh Seeks to Boost RMG Raw Material Imports from South Korea

Bangladesh’s ready-made garment (RMG) sector is setting its sights on deeper trade collaboration with South Korea, particularly through increased imports of raw materials and...

State-of-the-Art Needling Technology Installed by Dilo Systems GmbH at ALMA SPA, Italy

ALMA in Florence is a specialist in the floor covering sector providing high quality products in a vast range of styles, colours and aesthetics....

Empowering design innovation at Robert Mackie: UKFT’s Young Textile Technician Fund

Two members of the design team at Robert Mackie of Scotland, have completed specialist training on Stoll Create software, supported by UKFT Young Textile...

Last Chance to Join EDANA’s Innovation Forum!

Brussels, 14th of May 2025 – The countdown is on! With just 4 weeks to go, the EDANA Innovation Forum 2025 is nearly at...
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