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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AMEC AMETEX

Texworld NYC and Apparel Sourcing NYC Unveil Next-Level Special Features for January Event

Texworld New York City and Apparel Sourcing New York City, the largest sourcing event on the East Coast, is gearing up for a spectacular...

VITAS Aims for $44 Billion Textile & Apparel Exports by 2024 Amid Positive Growth

The Vietnam Textile and Apparel Association (VITAS) has announced an ambitious goal of reaching $44 billion in revenue from textile and apparel exports by...

Paramount Textile’s Q1 Profits Dwindle as Global Recession Stifles Export Goals

Paramount Textile Limited faced a 14% year-on-year decline in net profit during the first quarter (July-September) of fiscal year 2024, attributing the decrease to...

Denizli is on the way to be one of the driving-forces of Turkish exports

Hüseyin Memişoğlu, President of the Denizli Exporters’ Association (DENIB), announced the latest export figures for November, highlighting both challenges and opportunities in the region's...

VIEW PREMIUM SELECTION: The Exclusive Preview Textile Show is Ready to Kick off

New location, perfectly scheduled, and focused on quality: for the first time, VIEW will present Spring/Summer collections at the Dampfdom in the Motorworld Munich....

New TEXTRONIC® Lace for the most Leavers-like lace in warp knitting

KARL MAYER launches the new MT 84/1/40 S, a TEXTRONIC® Lace with fall-plate and stitch-forming Jacquard bars KARL MAYER launches a new TEXTRONIC® Lace for...

Wuhan Textile University Hosts Textile Management Workshop in Pakistan

Wuhan Textile University from China has officially launched a two-week seminar on textile management in Pakistan, marking a significant step in the exchange of...

Jeanologia Presents its Revolutionary Washed by the Atmosphere Concept at Kingpins Amsterdam

Showcasing Its Innovative Atmospheric Washing Ecosystem that Propels the Textile Industry into the New Age of Air. Featuring a breakthrough in ozone technology for...

Textile Exports from Pakistan Continue to Decline, Putting Pressure on Economy

Pakistan's textile sector continues to face challenges as exports recorded a year-on-year decline of 12% in September, dropping to $1.35 billion compared to $1.53...

Egypt Expects Construction to Start on Russian Industrial Zone by Mid-2024

Egypt expects construction works would begin on Russia’s sprawling industrial zone in the North African country by mid-2024, government sources with knowledge told Amwal...
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