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...

CHT Group will be showcasing intelligent specialty chemical solutions for technical textiles at Techtextil 2026

At this year's Techtextil in Frankfurt on the Main, the CHT Group will be presenting its comprehensive portfolio of tailor-made specialty chemicals and process...

Nigeria signs Intra-African Trade Fair 2027 host agreement; gears up for Africa’s biggest marketplace

The Federal Republic of Nigeria has today signed the host agreement for the fifth Intra-African Trade Fair 2027 (IATF2027), taking over the baton from...

Security Concerns in Mexico Raise Questions Ahead of EXINTEX 2026

As EXINTEX 2026 prepares to open its doors from March 10–13 at the Puebla Exhibition and Convention Center, recent security developments in Mexico have...

Premium Products International, Inc. Expands Turkish Towel Sourcing Programs

Premium Products International, Inc. (PPI), a U.S.-based global sourcing and market development company, is scaling up its towel sourcing operations in Türkiye to meet...

Antwerp Declaration Community Urges EU Leaders to Deliver Emergency Measures as Europe’s Competitiveness Crisis Deepens

Representing the European textile and fashion industry, joins the Antwerp Declaration Community’s call on EU Heads of State and Government to adopt emergency measures...

Donald Trump Signs Executive Order Targeting Iran’s Trade Partners with Potential New Tariffs

US President Donald Trump has signed an executive order that could impose additional tariffs on imports from countries that directly or indirectly purchase goods...

Ghana and United Nations Industrial Development Organization Advance Circular Economy Textile Innovation Centre

Ghana and the United Nations Industrial Development Organization (UNIDO) are moving forward with plans to establish a Circular Economy Innovation and Textile Testing Centre,...

Messe Frankfurt Puts Artificial Intelligence Centre Stage at Global Textile and Apparel Fairs

Messe Frankfurt has announced a major strategic shift for its international textile and apparel trade fairs: Artificial Intelligence (AI) will become a central theme...

Five Exhibition Zones Synergize at ITCPE Guangzhou 2026: Unlocking New Pathways for Intelligent, Green and High-end Textile & Garment Manufacturing

Against the backdrop of the accelerating shift toward intelligent, green and high-end development in the textile, garment, printing and embroidery industries, technological innovation and...
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