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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Denmark’s Ambassador: Danish Companies Eager to Invest in Morocco

Danish companies are showing growing interest in expanding their investments in Morocco, particularly in the country's industrial zones, as economic cooperation between the two...

Focused functionality over lace fashion

Producing functional textiles with tried and tested multibar raschel machines Warp knitted textiles combine the stability of woven fabrics with the elasticity of knitwear. Different...

Global Auto Parts Digital Exhibition  ; The latest Auto Part Industry trends without limits!

 DATE: 12-16 October 2020 / China • Attend the ONLINE trade show and be the first to know the latest industry trends without limits! • Register...

A High Quality Zhejiang Virtual Expo ; Light & Electron Equipment Industry

In order to carry out the decision-making and deployment of the provincial committee and the provincial government on the overall promotion of epidemic prevention...

Better Work Jordan and the Trade Union of Textile Workers sign a MOU

Better Work Jordan and the General Trade Union of Workers in Textile, Garment and Clothing Industries sign a Memorandum of Understanding Amman – A Memorandum...

Made in Ghana : making textile production socially and ethically responsible

The textile industry is becoming an increasingly important economic sector for some African countries. But how can factories in these countries become more productive...

TOGO Fashion and Textile Industry Rely on WAX Printing

Togo, country of western Africa. lome, the capital, is situated in the southwest of the country and is the largest city and port. Until...

UK-Japan Free Trade Agreement for UK fashion and textiles

The government has recently announced that it has, in principle, secured a Free Trade Agreement (FTA) with Japan. The FTA has to be signed...

East Africa Plans Higher Import Tariffs to Protect Textile Industry

The East African Community (EAC) is considering higher import duties on finished textile products as part of efforts to protect local manufacturers, encourage domestic...

Ethiopia: Textile Sector Moves Promising Step Amid Challenges

The Ethiopian Textile Industry Development Institute (ETIDI) disclosed that the nation earned over 171.7 million USD during the just ended budget year from textile...
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