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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Picanol’s Next-Generation of OmniPlus-i Connect Weaving Machine Will take the Stage For the First Time at ITMA ASIA + CITME, Singapore 2025

At ITMA ASIA + CITME, Singapore 2025, Picanol is looking forward to unveiling the next-generation OmniPlus-i Connect airjetweaving machine, which sets a new benchmark...

Destination Africa 2025 to Open in Cairo on November 12–13

The African textile and apparel sector will once again take center stage as Destination Africa 2025 opens its doors on November 12–13 in Cairo....

Vietnam’s Textile Industry Poised for Major Breakthrough

Vietnam’s textile and garment industry is entering a decisive new phase marked by strong export growth, expanding market reach, and structural transformation — even...

New Investor Takes Over Rivatex East Africa, Lays Off 3,000 Workers Amid Major Restructuring

In a bold move to revive one of Kenya’s oldest textile manufacturers, the Ministry of Trade, Industry, and Investments has officially transferred the operations...

BW Converting’s Baldwin brand validated by Fashion for Good and Apparel Impact Institute

Baldwin TexCoat® G4 precision spray finishing recognized as a proven climate solution to reduce energy, water, and CO₂e emissions in textiles BW Converting announces that...

Alarming Decline in Turkey’s Textile and Apparel Industry: $7 Billion Production Loss and 210,000 Jobs Gone

The Turkish textile and apparel sector, one of the country’s most vital industrial pillars and a major source of employment, is facing its most...

Uzbekistan’s Textile Exports Reach $1.7 Billion in First Eight Months of 2025

Uzbekistan exported textile products worth $1.7 billion in the first eight months of 2025, according to the National Statistics Committee. This figure represents 7.3...

China and Uzbekistan Deepen Cooperation Beyond Energy and Infrastructure

As relations between China and Uzbekistan expand, their partnership is no longer limited to traditional sectors such as energy and infrastructure. New areas of...

Nigeria to Showcase Trade Prospects at Türkiye-Africa Forum 2025

Nigeria is set to take centre stage at the upcoming Türkiye-Africa Business and Economic Forum (TABEF) 2025, with the Chairman of the Nigeria-Türkiye Business...

Behind the Surge of Fabric Imports: A Serious Alarm for Iran’s Textile Industry

Iran’s textile industry has long been struggling with numerous challenges — from outdated machinery and insufficient investment in modern technologies to smuggling and uncontrolled...
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