Economy News

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 fiber, yarn, and fabric production to finished sewn products issued the...

U.S. Textile and Apparel Industry Unites Behind New Trade Incentive Proposal

For the first time in recent years, leading U.S. textile manufacturers, apparel brands and retailers have jointly proposed...

Afreximbank: Africa’s Economy Grows 4.5% in 2025 Despite Global Trade Challenges

Africa strengthened its economic resilience in 2025, recording faster economic growth despite rising geopolitical tensions, slowing global demand...

Mohawk Cleared to Acquire Bremworth as Deadline Looms for New Zealand Wool Carpet Deal

Mohawk Industries has received regulatory approval to acquire Bremworth, bringing one of New Zealand’s best-known wool carpet manufacturers...

Ferraro S.p.A. acquires the “Finishing” business unit of Cibitex S.r.l.

Ferraro S.p.A. and Cibitex S.r.l. are pleased to announce the completion of the agreement pursuant to which Ferraro...

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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...

Companies Seek EU Flexibility to Avoid Waste and Costs

EDANA, the voice of nonwovens, alongside a coalition of leading European business associations, has issued a joint statement urging the European Commission to introduce...

Outlast® Wins WTiN Innovate Textile Award with Aersulate®

Outlast Technologies GmbH has been awarded the WTiN Innovate Textile Award in the cate-gory Material Innovation for Aersulate®, its aerogel-infused insulation technology. The award...

PIGMENTURA by CHT Wins The German Sustainability Award in the Products Category

The German Sustainability Award was presented in Düsseldorf in the Products category. The award has been presented since 2008 for exemplary sustainability achievements in...

India Approves ₹305 Crore (Approx. USD 34 Million) Tex-RAMPS Scheme to Accelerate Textile Innovation

The Government of India has approved the ₹305 crore (approximately USD 34 million) Tex-RAMPS scheme, a major initiative designed to drive research, innovation and...

Kenya Welcomes AGOA Extension Proposal

Kenya has welcomed a proposal by the United States administration to extend the African Growth Opportunity Act (AGOA) for an additional year, a move...

India Targets Textile Export Growth Through Deeper Trade Ties With Russia

India’s textile industry is set to gain fresh momentum as New Delhi and Moscow move toward deeper economic cooperation aimed at expanding bilateral trade...
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