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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Brückner Announces Strong Participation at ITMA ASIA + CITME Singapore 2025

Brückner Trockentechnik, one of the world’s most respected textile finishing machinery manufacturers, reported exceptional results at ITMA ASIA + CITME Singapore 2025. The company...

ARISE IIP Unveils Multi-Billion Industrial Development Zones Across Kenya

ARISE Integrated Industrial Platforms (ARISE IIP), a leading pan-African developer of large-scale industrial ecosystems, has officially launched its operations in Kenya, announcing multi-billion-dollar investments...

T-CAN – Revolutionizing Can Transport

In virtually all spinning mills, transporting sliver cans is still done manually. Rising labor costs, lack of operators and increasing quality requirements make this...

Zimbabwe Launches “Cotton to Clothing” Strategy to Revive Textile Industry

The Government of Zimbabwe has unveiled the “Cotton to Clothing” strategy, a comprehensive plan aimed at revitalizing the nation’s textile and apparel industry through...

ITMA ASIA + CITME Singapore 2025 Opens with a Unified Call for Innovation, Sustainability, and Global Collaboration

Singapore Welcomes the Textile Industry Home After Two Decades, Marking a New Era in Smart and Sustainable Manufacturing The highly anticipated ITMA ASIA + CITME...

H&M Group Ventures Backs Yaga in €4M Pre-Series A to Boost Global Second-Hand Fashion

Yaga, a fast-growing online resale fashion platform, has secured €4 million (about R80 million) in a pre-Series A global funding round. The investment comes...

ATTI Highlights Sustainability Progress in Turkey and Bangladesh

The Apparel and Textile Transformation Initiative (ATTI), a newly launched global program spearheaded by the International Apparel Federation (IAF) and the International Textile Manufacturers...

Africa Finance Corporation Partners Lagos Fashion Week 2025 to Drive Africa’s Creative and Manufacturing Transformation

The 2025 edition will spotlight circular fashion, responsible sourcing, and regional value chains, areas where AFC’s infrastructure investments are helping bridge Africa’s creative and...

AfroTalks Lagos 2025 Redefines the African Dream Through Innovation and Dialogue

The AfroTalks Lagos 2025 conference, held on October 11th at Alliance Française, Ikoyi, proved to be a transformative platform for African innovation, identity, and...

Morocco Reaffirms Commitment to Stronger Africa–Turkiye Partnership

Omar Hejira Highlights Morocco’s Strategic Role at Turkiye–Africa Business Forum Morocco’s Secretary of State for Foreign Trade, Omar Hejira, reaffirmed his country’s commitment to advancing...
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