investment+25+million | YnFx - Part 8

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2020-06-12 10:46:49

Dip in textile machinery shipments worldwide

The International Textile Manufacturers Federation (ITMF) has now issued its most recent analysis of the worldwide textile machinery market. 42/2019 provides a breakdown for its rotation, texturing,

2020-05-08 13:04:37

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

2020-01-06 08:22:12

Indian textile sector all set to take economy to new height

Dating back to the nineteenth century, the Indian textile sector is one of the oldest in the Indian economy. The sector is highly diversified, catering to a wide range of segments ranging from

2019-12-23 07:18:41

Palmetto Pedic announces plans to establish operations in Cherokee County

Palmetto Pedic, a mattress manufacturing company, today announced plans to establish operations in Cherokee County. The $8.5 million investment is expected to create more than 60 new jobs. Founded

2019-12-11 08:31:20

Subscription-based rental clothing service to be tested by H&M in China

Fashion retailer H&M has announced it is to test a subscription-based rental clothing service in China as part of its drive to find new circular business models. The test, which will run for

2019-12-02 09:12:34

Fashion brand Levi's turns sustainable

It is no secret that the fashion industry is harmful for the environment, from the emergence of fast fashion production, to manufacturing processes which themselves are the cause of much havoc, both

2019-09-19 13:30:00

Egypt wants to be a textile hub

Egypt wants to become the next textile hub. The Government of the country has provided a budget of 21,000 million Egyptian pounds (1,160 million euros) for a plan to boost textile production in the

2019-09-17 13:15:00

Nike powered by renewable energy

Nike has opened a new distribution centre powered entirely by renewable energy as part of its ambition to reduce its carbon footprint to zero. The company says the 1.5 million square feet centre,

2019-08-26 14:00:00

Levi Strauss & Co. announces new global water action strategy

Levi Strauss & Co. (LS&Co.) today announced a new water action strategy that represents an evolution in thinking around water use in a global supply chain, particularly in areas already facing water

2019-07-26 15:15:00

Textile upcycling system launched by Novetex

Novetex Textiles has opened The Billie System, its new Tai Po textile mill, the first in Hong Kong in over half a century. A key component of this mill is a waterless system which upcycles textile

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