Economy News

Change of Leadership at Rieter

Thomas Oetterli has decided to step down from his function as CEO, effective October 31, 2026, and hand over the Chairmanship of the Board of Directors. “After the successful implementation...

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...

India-New Zealand FTA Creates US$2 Billion Export Opportunity for Indian Textile Industry

India's textile and apparel industry is expected to benefit significantly from the forthcoming India-New Zealand Free Trade Agreement...

NCTO Voices Concerns Regarding USTR’s Textile Mechanism, Part of Administration’s Section 301 Actions on Forced Labor

The National Council of Textile Organizations (NCTO), which represents the full spectrum of the U.S. textile industry from...

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Turkey’s exports ‘left worst behind’ in April: Minister

The Turkish exports neared $10 billion last month in the shadow of the coronavirus pandemic, down 40.9 percent from the same month last year,...

JAFZA CONDUCTS MASSIVE DISINFECTION DRIVE EQUIVALENT OF STERILISING 462 SOCCER FIELDS

The Full-Scale Disinfection Drive Aims To Facilitate Over 8,000 Companies Resume Full Operations in Dubai Dubai, United Arab Emirates, 3rd of June 2020: Jebel Ali...

China Lost Position in its Denim Apparel Exports to the US

The global denim apparel trade experienced a significant shift in early 2020 as the COVID-19 pandemic disrupted supply chains and reshaped sourcing patterns in...

Vietnam’s textile-garment exports drop with few orders29

Vietnam’s textile and apparel export turnover in 2020 is expected to reduce by a fifth compared to 2019 figures, according to the Vietnam National...

What is a Textile Engineering Degree?

The material in everything from the clothes you wear to your favourite room was created by textile engineers. If you like the idea of...

Istanbul’s Iconic Grand Bazaar Reopens after Longest Closure in History

Istanbul’s iconic Grand Bazaar, a 560-year-old covered market, reopened its doors on Monday after its longest closure in history due to the coronavirus pandemic. The...

Angola: Alassola Factory to Produce 500k Masks/Month

The Alassola textile factory in Benguela, located in the centre-west of Angola, has begun large-scale production of face masks as part of the national...

Standards for washable face masks set

Turkey has set the standards for the production of washable face masks, an important step amid the coronavirus normalization process. The Turkish Standards Institute (TSE),...

Tunisia’s GDP down 1.7% in Q1 of 2020 compared to 2019

Tunisia's GDP dropped 1.7% in the first quarter (Q1) of 2020 compared to the same quarter of 2019 and 2% compared to Q4 of...

LVMH on Top of the World’s Largest Apparel Companies 2020

While retail spending in the United States took the steepest nosedive in March, industry biggies tend to be poised to thrive on the 18th...
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