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Economy News

State-of-the-Art Needling Technology Installed by Dilo Systems GmbH at ALMA SPA, Italy

ALMA in Florence is a specialist in the floor covering sector providing high quality products in a vast range of styles, colours and aesthetics. For its own fibre supply...

Empowering design innovation at Robert Mackie: UKFT’s Young Textile Technician Fund

Two members of the design team at Robert Mackie of Scotland, have completed specialist training on Stoll Create...

Last Chance to Join EDANA’s Innovation Forum!

Brussels, 14th of May 2025 – The countdown is on! With just 4 weeks to go, the EDANA...

Flexi-Light PET: Outstanding, sustainable sound insulation for vehicles

Polyurethane foam has traditionally been used to reduce noise, vibration and harshness (NVH) in vehicles, contributing to passenger...

Saurer to Showcase Cutting-Edge Spinning and Twisting Technology at International Textile Forum in Tajikistan

Saurer Group is pleased to announce its participation in the upcoming International Forum and Textile Equipment Exhibition, taking...

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AfCFTA Reaches Landmark Agreement on Rules of Origin for 92% of Goods

A significant milestone in African trade integration has been achieved, with the African Continental Free Trade Area (AfCFTA) finalising rules of origin for 92%...

Armenia Proposes Textile Joint Ventures with China

Armenia has extended an official proposal to China to establish joint ventures in the textile sector, aiming to leverage Chinese expertise and boost local...

Bankrupt Turkish Textile Firm Bursel Loses $700M Arbitration Case Against Uzbekistan

Turkish textile company Bursel Tekstil has lost a high-profile arbitration case against the Government of Uzbekistan, with the International Centre for Settlement of Investment...

Nigeria Approves New Textile Development Board and $90 Billion Agribusiness Plan

In a significant move to reposition the nation’s economy and strengthen food security, the National Economic Council (NEC) has approved the establishment of a...

Egypt Reinforces Commitment to Modernizing Its Textile Industry

Egyptian Prime Minister Mostafa Madbouly has reaffirmed the government’s dedication to transforming the country’s textile and spinning industry. This commitment is part of a...

Sri Lanka’s Apparel Industry Urges Swift Policy Action Ahead of Stricter EU GSP+ Review

As global trade conditions tighten, Sri Lanka’s apparel industry is calling for immediate policy reforms to safeguard the country’s preferential access to the European...

Trump-Era Tariffs Present Opening for India’s Textile Sector — But Innovation Is Key

The reintroduction of steep U.S. tariffs by former President Donald Trump could offer India’s textile industry a strategic opening to gain ground in global...

Lesotho’s Economic and Health Stability at Risk After U.S. Tariffs and Aid Cuts

Recent shifts in U.S. trade and foreign aid policies have placed Lesotho—a small, landlocked nation in southern Africa—under significant threat. The introduction of a...

Foreign Investors Offered Special Incentives in Punjab’s Special Economic Zones

Foreign investors, particularly from African nations, are being offered special incentives to invest in Punjab’s Special Economic Zones (SEZs), officials announced during a high-profile...

TEXSUM’5 in Bursa Highlights Sustainability, Digital Transformation, and Future Design in Textiles

The fifth edition of the TEXSUM Textile Summit, held at Bursa Uludağ University (BUÜ), convened leading textile professionals, academics, and students to explore the...
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