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...

Advertisment

AMEC AMETEX

What Is rPET?

As sustainability becomes a priority in the textile industry, rPET has emerged as one of the most impactful innovations of recent years. Made from...

Egypt’s Textile Producers Decry Aggressive Marketing by Competitors

Egypt’s textile manufacturers are raising concerns over what they describe as increasingly aggressive marketing tactics from foreign competitors—particularly from Turkey—warning that these practices threaten...

A Deep Look into the Fuel and Energy Consumption in the Textile Industry

The global textile and fashion industry, valued at nearly one trillion dollars, remains one of the most energy-intensive and resource-hungry sectors of the modern...

Afghanistan Announces Growth in Manufacturing Sector as Number of Factories Reaches 6,000

The Ministry of Industry and Commerce of Afghanistan has announced a significant expansion in the country’s industrial sector, confirming that the number of active...

Morocco and Egypt Emerge as New Global Garment Manufacturing Powerhouses

As global apparel brands reassess sourcing strategies amid rising production costs and shifting supply chains in Asia, two North African nations—Morocco and Egypt—are rapidly...

Cameroon Set to Launch Camtext SA, a $300 Million Cotton-to-Textile Mega Project

A high-powered consortium—comprising Panafritex (the textile arm of Arise), Sodecoton, CNPS, and Marlo Properties Fincorp—is preparing to launch Camtext SA, a major integrated cotton-to-textile...

AfDB Approves $100 Million Loan to EAAIF to Accelerate Sustainable Infrastructure Development in Africa

The African Development Bank Group has approved a $100 million loan to the Emerging Africa and Asia Infrastructure Fund (EAAIF), strengthening efforts to expand...

Japanese Investment in Bangladesh Rises Strongly, Offering Major Opportunities for the Textile and Apparel Sector

Despite political tension and uncertainty following the July uprising, Bangladesh continues to emerge as a top destination for Japanese investors — with the textile...

How Turkish Textile Industry Can Rise Again: Crisis, Transformation, and a New Value Model

In the last two years, Turkey’s textile and apparel sector has been shaken by factory shutdowns, bankruptcies, shrinking export volumes and job losses. Yet...

Turkmenistan and Russia Strengthen Cooperation on Textile Customs Procedures

Trade relations between Turkmenistan and the Russian Federation are advancing to a new level with a focus on improving customs administration and declaration procedures...
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
AMEC AMETEX
spot_img
spot_img
spot_img