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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CIDPEX 2025 Concludes Successfully: Over 50,000 Visitors Celebrate Innovation in Disposable Hygiene Industry

The 32nd edition of the China International Disposable Paper Expo (CIDPEX 2025) successfully concluded on April 18, marking another record-breaking milestone for the global...

Egypt’s Textile Sector Booms with Foreign Investment and Competitive Edge

Egypt is rapidly emerging as a global hotspot for textile manufacturing, driven by a surge in foreign direct investment (FDI), attractive production costs, and...

Textiles Recycling Expo 2025: BASF and trinamiX Present Solutions Supporting Textile Circularity

trinamiX showcase its mobile solution for reliable textile identification, including the new handheld spectrometer trinamiX PAL Two BASF presents loopamid®, the recycled polyamide...

US Textile Industry Supports Move to End De Minimis Trade Loophole for All Countries by 2027

The U.S. textile sector has voiced strong support for a new provision included in the House Ways & Means Committee’s budget reconciliation bill that...

Kenya Turns to EU for Export Growth Amid Trump Tariffs

As U.S. tariffs under President Donald Trump's administration continue to challenge African economies, Kenya is intensifying efforts to expand its export footprint in Europe...

American Circular Textiles Urges Biden Administration to Prioritize Domestic Textile Infrastructure in Trade Policy

American Circular Textiles (AMCIRC) has called on the U.S. administration to place textiles at the forefront of trade and industrial policy, warning that the...

India Eyes $100 Billion Textile Export Goal with Strategic Roadmap by Primus Partners

Primus Partners, a leading Indian consulting firm, has launched an ambitious strategic roadmap to propel India’s textile exports to USD 100 billion over the...

Uncertainty Around AGOA Renewal Prompts Africa to Rethink Trade Strategies

As the 25-year-old African Growth and Opportunity Act (AGOA) approaches its September 2025 expiration, experts across the continent are urging a strategic reassessment of...

UludaÄŸ Exporters’ Associations Close 2024 with Record-Breaking $38.6 Billion in Exports

Uludağ Exporters' Associations (UİB), Turkey's second-largest export hub according to General Secretariat data, concluded 2024 on a high note with an impressive $38.6 billion...

Ethiopia’s Textile Sector Faces Crisis Amid Calls for Minimum Wage Reform and Policy Overhaul

Ethiopia’s textile and garment industry, once hailed as a pillar of the nation’s industrialization strategy, is under growing pressure due to critical policy gaps...
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