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Shinkong Invests $10M in Ambercycle’s New Facility to Commercialize Circular Polyester Innovation
Shinkong Synthetic Fibers Corp, a global polyester manufacturer, strengthens its partnership with Ambercycle through a strategic $10 million investment into Ambercycle's first commercial plant.
Shinkong...
South Africa to Impose VAT on Low-Value Parcels to Protect Garment Sector
South Africa will impose value-added tax (VAT) on low-value parcels starting September 1 to bolster its apparel industry and ensure fair trade in the...
Coats Digital’s FastReactFabric Wins Two 2024 SaaS Awards
Coats Digital’s FastReactFabric Wins Most Agile/Responsive SaaS Solution of the Year and Best SaaS Product for CSR, Sustainability & ESG Awards at 2024 SaaS...
Turkish Textile Companies Relocate to Egypt Amid Economic Crisis
Amid ongoing economic turmoil, Turkish textile companies are increasingly relocating to Egypt to avoid bankruptcy. As the industry grapples with financial instability, several manufacturers...
Lenzing Group Reports Further Improvement in Operating Result
Revenue up 4.8 percent year-on-year to EUR 1.31 bn in the first half of 2024
Performance program shows effect: EBITDA up 20.4 percent...
CARBIOS and FCC Environment Announce Joint Project to Establish UK-based PET Biorecycling Facility
CARBIOS, (Euronext Growth Paris: ALCRB), a pioneer in the development and industrialization of biological technologies to reinvent the life cycle of plastic and textiles,...
Aid by Trade Foundation Publishes Annual Report 2023: EUR 8.1 Million in Revenue to Increase Sustainability in Fibre and Textile Production
In 2023, the Aid by Trade Foundation (AbTF) was once again able to successfully strengthen the market position of its standards for sustainable cotton...
Syre raises $100 million Series A – Shortlists Vietnam and Iberia for First Gigascale Plants
Syre, the textile impact company initiated by Vargas and H&M Group which launched in March this year, today announces the signing of a $100...
Global Standard Partially Suspends Intertek Testing Services NA Inc. as a GOTS-Approved Certification Body
Based on the discovery of serious lapses at Intertek Testing Services NA Inc. (Intertek), a GOTS-approved Certification Body (CB), Global Standard gGmbH management has...
UAE Textile Market Overview
The textile market in the United Arab Emirates (UAE) is a dynamic and significant sector of the country’s economy. Encompassing a wide range of...
