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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Iranian polymer production capacity to rise 120% by 2025

TEHRAN – Iran’s polymer production capacity is going to increase by 120 percent by the Iranian calendar year 1404 (begins on March 21, 2025)...

Iran Plast expo running in Tehran

TEHRAN - The 14th International Exhibition of Plastic, Rubber, Machinery, and Equipment (IRAN PLAST) of Iran was opened at the Tehran Permanent International Fairground...

S Korea, Cambodia Finalise Free Trade Agreement

South Korea recently finalised a free trade agreement (FTA) with Cambodia to boost ailing exports amid the COVID-19 pandemic. Trade minister Yoo Myung-hee and her...

Turkey’s mask, cologne exports soar 22-fold in pandemic year

Turkey’s single-use medical mask and cologne exports increased by 22 times last year reaching $244 million (TL 1.7 billion) amid a worldwide soar in...

Turkish Exports Begin 2021 With All-Time Monthly High

Turkey’s exports started the new year with the highest monthly figure ever as sales surpassed $15 billion (TL 107 billion) in January, the country’s...

Pak-Uzbekistan shows resolve to enter into PTA

Both side also discussed the possibility of establishment of Joint Cargo Company by private sector ISLAMABAD (Dunya News) – Pakistan and Uzbekistan on Monday resolved...

Vietnam ; 55 Billion USD Textile Export and 3 Million Jobs by 2025

The garment sector has set a target of earning 55 billion USD from export and generating 3 million jobs by 2025. The target was unveiled...

Cargo carried on Turkey-Iran railway set to reach 1M tons in 2021

BY ANADOLU AGENCY Turkey aims to increase the cargo transportation with its southern neighbor, Iran, this year, as some 1 million metric tons of cargo...

Vietnam, Israel to sign labour cooperation pact this year

Israel and Vietnam recently initiated negotiations over a labour cooperation agreement. At the virtual meeting, both sides discussed technical issues to clarify their labour...

IKEA publishes sustainability report FY20

IKEA has released a sustainability report for FY20 that covers collective efforts from the contributors in the IKEA franchise system and value chain. Company’s important...
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