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Wool yarn market to surpass US$ 50 bn in revenues by 2029: PMR study
The global wool yarn market was pegged at more than US$ 33,500 mn in terms of value at the end of 2018, and is...
Russia Primary Consumer of Uzbek Textile Products
Russia remains the primary consumer of Uzbek textile items, according to the Uzbek state statistics committee. During January-May 2019, more than 38 per cent...
Uganda to invest $100 mn to boost silk production in 5 yrs
Uganda is expanding its silk production with a $100-million investment over the next five years due to higher-than-expected global demand. A feasibility study by...
Essity divests 50% stake in Turkish firm
Sweden-based Essity AB has announced that it will be divesting 50 per cent of its stake of the Turkish company SCA Yildiz, to the...
Pilot production begins at Algeria-Turkey textile factory
The Algerian Ministry of Industry and Mines announced yesterday the beginning of a one-month pilot production phase at the country’s largest textile factory in...
UAE ranks 3rd largest country in terms of apparel and textile exports and is among the largest sector of the Middle East
The fashion industry in GCC states continues to maintain a positive momentum attributed to key factors in influencing the market like robust economic growth,...
Euratex to design for circular economy in textiles
Euratex has set out a new strategy, with its members and companies, to design solutions fit for enabling circular economy in the textile industry...
Iran Textile Industry Closer To Regional Economic Giants
An unemployment rate of over 12%, inflation at 36.9%, government debt of almost 40% of GDP, a GDP that could fall by 3% in...
Cambodian economy achieves robust growth in 2018: WB
The Cambodian economy grew 7.5 per cent in 2018, according to the World Bank’s (WB) recently-released Cambodia Economic Update, which said this better-than-expected growth...
Africa Turns Largest Cotton Source for Bangladesh
African nations have left India behind to turn the largest source of cotton for Bangladesh as domestic spinners and millers aim to cut down...
