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Lenzing’s performance impacted by the unpredictable market
In a historically difficult market environment with increased pressure on prices and volumes resulting from the COVID-19 crisis, the Lenzing Group reports that it has held its ground well in the
World is paying a high price for cheap clothes
When shoppers entered H&M's flagship store in central London last summer, the first thing they would have seen was a dark blue, flowery minidress hanging front and center. On sale for just £4
Senate’s $2 trillion war chest welcomed by AAFA
The American Apparel and Footwear Association (AAFA) has welcomed Senate approval of a US$2 trillion war chest which will ease the hardship felt by businesses across the country since the outbreak of
Envoy Textiles to raise capital of 87 crores
Envoy Textiles is set to raise Tk 87 crore by issuing non-convertible cumulative preference shares in order to bring sustainable finishing machine and build captive power. The preference share
Flat growth for garment exporters this year
Local garments manufacturers expect export earnings to post flat growth this year as the COVID-19 outbreak has affected delivery of raw materials used for production. The Philippine Exporters
Coronavirus diverts orders from China to India
During this time of the year, buyers from the western markets usually travel to China to negotiate deals with garment exporters for the next season. But this time, due to the Novel Coronavirus most
The Indian textile industry looks forward to new financial allocation in Union Budget
Indian textiles industry is expecting the Union Budget 2020-21 to be more focused with new financial allocations to strengthen the sector, especially the MSME segment. Union finance minister Nirmala
The inception of the Turkish textile fair in US
Turkish textile exporters organized a fair, 'I Of The World', in the U.S. to promote the country's textile products. The two-day event kicked off on Tuesday with 32 Turkish companies joining. The
US textile executives on towards the USMCA deal
The National Council of Textile Organizations (NCTO), representing the full spectrum of U.S. textiles from fibre through finished sewn products, welcomed the deal on the United States-Mexico-Canada
Philippines textiles industry roadmap sees annual exports growth of 45%
The Philippines garment and textiles industry roadmap sees the Philippines become one of the top ten global players with annual exports growth of 45 percent should it implements some recommendations
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