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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UNITEX Expands Filament Yarn Capacity with Fully Digital Barmag Plant

UNITEX is expanding its capacity by a further 36,000 tons per year with a new filament yarn production plant. Once again, the Vietnamese company...

At SITEX 2026, Stäubli Showcases Practical Innovation for Weaving Mills

At SITEX 2026, held from February 21 to 23 in Surat, Stäubli is demonstrating how advanced innovation translates into measurable benefits for weaving mills....

DOMOTEX South East Asia 2026 to Launch in Bangkok, Thailand

Southeast Asia is emerging as one of the most dynamic construction markets worldwide. Driven by sustained infrastructure investment and urban development, the region’s construction...

US House Backs Retroactive Extension of AGOA and HOPE/HELP Trade Programs

The African Growth and Opportunity Act (AGOA)—first enacted in 2000—expired on 30 September 2025, prompting renewed debate in Washington over the future of US...

5th Canada-Africa Business Conference to Welcome Leaders to Namibia

The 5th Canada-Africa Business Conference, convened by The Canada-Africa Chamber of Business, will take place on February 5, 2026, in Windhoek, positioning Namibia at...

Borealis Partners with BlueAlp to Advance Chemical Recycling Technology

Borealis has announced a new strategic partnership with BlueAlp, a leading chemical recycling technology company based in Eindhoven, the Netherlands. As part of the...

Uzbekistan Targets 10% Growth in Textile Production and 32% Surge in Exports in 2026

Uzbekistan plans to increase textile production by 10% and boost textile and apparel exports by 32% in 2026, according to updates presented to President...

SuperCircle Raises $24 Million to Scale AI-Powered Textile Recycling Platform

Circular technology and logistics startup SuperCircle has raised $24 million in a Series A funding round aimed at scaling its AI-powered platform, which helps...

Btex Appoints Brian Rogers to Lead U.S. Sales

Benin Textiles (Btex), the vertically integrated towel and sheet manufacturer, has appointed longtime home textiles executive Brian Rogers as Vice President of U.S. Sales,...

OfBusiness to Fully Acquire Indian Design, Expanding Global Apparel Capabilities

B2B commerce and financing platform OfBusiness is set to acquire the remaining 30% equity in Indian Design, a leading Bengaluru-based garment and home textile...
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