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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Rieter at ITM 2026: Spinning Redefined with Automation and Intelligence

Barmag and Rieter exhibit side by side Barmag showcase innovations across all man-made fiber processes Towards the fully automated spinning mill with automation...

China Expands Zero-Tariff Access to 53 African Countries

China has fully implemented zero-tariff treatment for 53 African countries, marking a significant milestone in global trade relations and opening new opportunities across multiple...

Inside Iran’s Mersin Trade Corridor: Costs, Constraints and the New Economics of Sanctions

A Supply Chain Forced Into Reinvention Iran’s trade system is no longer defined by efficiency metrics such as speed or cost optimization. Under escalating geopolitical...

Jeanologia brings its AI “Billy” to Kingpins Amsterdam and redefines vintage denim with its “Future Vintage” vision

“Billy” turns any image into a production-ready laser design in just minutes, directly connecting inspiration and execution. With the ‘Future Vintage’ collection, Jeanologia...

Türkiye Raises the Bar for Textile and Trade Exports to the Arab League

Türkiye is intensifying its trade ambitions with Arab League member states, aiming to significantly expand export volumes and strengthen long-standing economic ties. During a...

Türkiye’s Economic Momentum Signals New Opportunities for Global Investors

Türkiye is entering a decisive phase in its economic trajectory, combining strong foreign direct investment (FDI) growth with a renewed position as one of...

EIB Sets Sights on Production and Export Growth in 2026 Amid Global Uncertainty

Despite a challenging global economic environment, the Aegean Exporters' Associations (EIB) has reaffirmed its commitment to strengthening Türkiye’s production capacity and export performance in...

Turkish Exporters Shift Focus to Value-Added Growth Amid Global Pressures

At a time when global trade dynamics are rapidly evolving, Türkiye’s export community is sending a clear message: the future of competitiveness lies not...

West Asia Conflict Pushes India’s $174 Billion Textile Industry Toward Crisis

India’s textile and apparel industry, valued at approximately $174 billion, is facing mounting pressure as geopolitical tensions in West Asia continue to disrupt global...

Efficiency Meets Sustainability: TVE ESCALE’s Advanced Textile Finishing Solutions

Spain’s textile technology sector continues to deliver innovative solutions in response to global sustainability challenges. With increasing pressure on manufacturers to reduce water and...
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