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

Eco-Innovation in Vietnam’s Textile and Garment Industry: A Driving Force for Sustainable Economic Growth

Vietnam’s textile and garment industry, one of the country’s key export sectors, is undergoing a crucial transformation fueled by eco-innovation. As global demand rises...

AfCFTA Faces Hurdles on Path to a Unified African Textiles and Apparel Value Chain

The African Continental Free Trade Area (AfCFTA) holds enormous promise for regional economic integration and industrial growth across Africa. But building a continent-wide textiles...

South Africa’s Clothing and Textile Sector Key to Economic Recovery, Says Deputy Minister Whitfield

The clothing and textile industry is poised to play a vital role in South Africa’s economic recovery and re-industrialisation, according to Deputy Minister of...

French Brand GEMO Begins Production in Benin’s Glo-Djigbé Industrial Zone

The Glo-Djigbé Industrial Zone (GDIZ) has officially welcomed GEMO, a major French ready-to-wear label, into its growing network of international textile partners. The move...

Kenyan Government Launches Textile Skills Program in TVET Institutions to Boost Industry Readiness

In a strategic move to align Kenya’s workforce with global apparel industry standards, the government has officially launched a Textile and Apparel Enhancement Programme...

OECD Forecasts Morocco’s Economic Growth to Reach 3.8% in 2025 and 2026

The Moroccan economy is projected to grow steadily at 3.8% in both 2025 and 2026, according to the latest economic outlook released by the...

Lesotho’s Textile Industry Faces Crisis as U.S. Tariffs Threaten Over 5,000 Jobs

Lesotho’s once-thriving textile sector is on the brink of collapse, with over 5,000 jobs at risk, following the imposition of a 50% tariff on...

Uzbekistan and Yunus Textile Mills Sign MoU to Explore Joint Home Textile Production

In a significant move to strengthen bilateral textile cooperation, a high-level delegation from Uzbekistan, led by Akobir Tukhtaev, Deputy Chairman of the Chamber of...

Turkey Invests $173 Million in Spain Across Key Sectors

At the Türkiye-Spain Roundtable Meeting held in Istanbul, Turkish Minister of Trade Ömer Bolat announced that Turkish companies invested approximately $173 million in Spain...

Vietnam and India Seek Stronger Textile Cooperation Amid Growing Trade Potential

At an online seminar held on May 23, Vietnamese and Indian industry leaders called for deeper cooperation in the textile and garment sectors, highlighting...
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
AMEC AMETEX
spot_img
spot_img
spot_img