Industry

Ethiopia Gets $28mn From UNIDO To Promote Textile Sector

Textile Insights February 14, 2024

Ethiopia signed a US $28 million agreement with the United Nations Industrial Development Organization (UNIDO) to promote growth of the Ethiopian textile and apparel industry. The project will be financed in collaboration with the Global Environmental Facility (GEF) of which UNIDO’s share of

Industry

Global Trade Associations Urge Unity To Keep Red Sea Open

Textile Insights February 14, 2024

100 various industry trade associations from across the globe including the American Apparel & Footwear Association (AAFA) and the International Apparel Federation (IAF) called for a wider cooperation to keep shipping lanes open and safe. The signatories, representing a range of critical industries like food and agricultural products, retail, energy, clothing, shoes,

Industry

Bangladesh’s RMG Export Journey: A Saga Of Resilience Amid Global Challenges

February 13, 2024

In the dynamic landscape of global trade, Bangladesh’s Ready Made Garment (RMG) sector has displayed commendable resilience and adaptability, as reflected in the performance data spanning from 2018 to 2023. In 2023, Bangladesh’s RMG exports surged to an impressive US$ 47.39 billion, marking a 3.67% growth compared to the preceding year. This robust performance

Industry

Organisations Must Balance Data Security And Privacy With Broader Objectives Of Business

February 13, 2024

As 2024 unfolds, organizational leaders, from the CEO down to the manager, have much on their plates. They are contending with diverse challenges to achieving sustained growth, navigating the impact and risks of emerging technology and attracting and retaining talent, to name just a few. For their part, Chief Information Security Officers (CISOs) are increasingly […]

Industry

Sun Chemical Addresses Global Freight Challenges Amid Red Sea Crisis

February 13, 2024

In response to the ongoing geopolitical instabilities affecting maritime transportation through the Suez Canal and Red Sea, Sun Chemical has announced the implementation of selected freight surcharges on a global scale. Since November, the region has experienced severe disruptions, impacting approximately 30% of the world’s container trade. Delays and rerouting

Industry

Massive Hike In Credit Facility For Egypt Textile Mill Modernisation

Textile Insights February 13, 2024

A consortium of Swiss banks has increased the credit limit of Egyptian government owned Cotton, Spinning, Weaving and Garment Holding Co. The consortium which includes Credit Suisse, UBS Switzerland and other Swiss banks agreed to increase the existing credit facility from €20 million to a massive €375 million. The higher credit limit will continue to […]

Industry

HMX Offers Sustainable Cooling Systems For Industrial Sectors

Textile Insights February 12, 2024

HMX, an A.T.E. Group company, offers cooling solutions based on water rather than refrigerant gas, as water-based cooling always supplies only fresh air as against refrigerant air, where air is just re-circulated. HMX stands for ‘Heat Mass Exchange’ and is a company which manufacturers sustainable cooling options called Dama heat exchangers. HMX was set up […]

Industry

Uzbekistan Opening School Of Textile Equipment Technologists

Textile Insights February 8, 2024

UzTextile, the Uzbekistan Textile and Garment Industry Association, has announced a collaboration with Germany to open a School of Textile Equipment Technologists. The agreement was signed during the Days of German Textile Technologies, which commenced on February 7 and this project is part of an initiative to transform the textile industry of Uzbekistan.. The German […]

Industry

Tiruppur Feels Heat Of Migrant Workers Shifting To Own States

Textile Insights February 6, 2024

The knitwear garment industry in Tiruppur is facing a shortage of workers as many North Indian labourers have left to work in their own or other nearby states. “Many workers in Tiruppur from Uttar Pradesh have returned to their home state and industry bodies such as the Tiruppur Exporters Association (TEA) are looking for ways […]

Industry

Net Profits Of Major Chinese Textile Firms Grows 7.2% In 2023

Textile Insights February 5, 2024

Net profits of major Chinese textile companies rose 7.2 percent year on year to Yuan 180.2 billion in the previous year. “The collective operating revenue of these textile enterprises amounted to Yuan 4.70 trillion in 2023, down 0.8 percent over 2022,” data of the Ministry of Industry and Information Technology informed. In the previous year, […]