Industry

Egypt Completes First Phase Of Textile Industry Revitalization Project

Textile Insights December 30, 2024

Prime Minister Mostafa Madbouly has announced the successful completion of the first phase of Egypt’s large-scale initiative to modernize its textile industry. Key milestones achieved in this phase include the operational launch of facilities like Ghazl 4 and Ghazl 1, the establishment of

Industry

Mexico Raises Tariffs On Textile And Apparel Imports

Textile Insights December 30, 2024

On December 19, Mexico announced a significant tariff increase on textile and apparel imports, with rates of up to 35%. The new tariffs will take effect on December 20, 2024, and remain in place until April 23, 2026. The move aims to address unfair competition impacting Mexico’s textile and apparel industry, which has been affected […]

Industry

Slight Capacity Growth and Lower Fiber Consumption

Textile Insights December 30, 2024

The International Textile Manufacturers Federation (ITMF) has released its International Textile Industry Statistics (ITIS) for 2023, covering productive capacity and raw materials consumption in the short-staple spinning mill sector across global textile-producing countries. The data was calculated using a new method and includes a review of past time series. In 2023, the

Industry

Mexico Raises Textile Import Tariffs To 35% To Support Domestic Industry

Textile Insights December 23, 2024

Mexico has raised import tariffs on textile products to as much as 35%, according to Economy Minister Marcelo Ebrard, in a move to support its domestic textile industry. The new tariffs, announced on December 19 alongside President Claudia Sheinbaum, will apply until April 22, 2026. Finished textile products will face a 35% tariff, while textile […]

Industry

Dr Andrew Jordan Honoured In 2024 Cotton Hall Of Fame

Textile Insights December 23, 2024

Dr Andrew Jordan, a prominent figure in the cotton industry, has been named the 2024 Honouree for the Cotton Research and Promotion Hall of Fame. The eleventh annual recognition programme celebrates individuals who have made significant contributions to the cotton sector. Dr Jordan was formally inducted during the joint Cotton Incorporated/Cotton Board Annual Meeting on

Industry

Vietnam Sets Ambitious US$ 47-48 Bln Export Target For 2025

Textile Insights December 19, 2024

The Vietnam Textile and Apparel Association (VITAS) has set an ambitious export goal of US$ 47-48 billion for 2025, supported by strong 2024 achievements and encouraging market signals. Many businesses have already secured orders for Q1 2025 and are in negotiations for Q2. Despite stagnant global consumption of textile and garment products in 2024, Vietnam’s […]

Industry

Hon’ble Minister Meets Uniqlo To Boost India’s Textile Sector

Textile Insights December 18, 2024

The Hon’ble Minister of Textiles held a pivotal meeting with senior officials from Uniqlo, facilitated through Invest India, reaffirming the shared commitment to strengthening India’s textile sector. This engagement follows Uniqlo’s earlier interaction with the Hon’ble Prime Minister, reflecting their keen interest in collaborating with India’s textile industry to enhance

Industry

Senegal Plans Textile Boost, Limits Second-Hand Imports

Textile Insights December 17, 2024

Senegal is taking significant steps to promote local textile production, increase employment, and reduce reliance on imported materials. The government plans to achieve these goals by rehabilitating existing factories and establishing new production facilities to process Senegal’s cotton—currently one of its top agricultural export commodities. These initiatives are

Industry

New Working Group Launched to Enhance Skills and Sustainability in Vietnam’s Textile Sector

Textile Insights December 16, 2024

The Vietnam Textile and Garment Association (VITAS), with support from the International Labour Organization (ILO), has established a new working group to tackle skills development challenges in the textile and garment industry. Officially launched on December 10, 2024, this initiative aims to foster collaboration between enterprises and education and training providers to

Industry

Beximco Shutdown In Bangladesh Benefits Indian Textile Firms

Textile Insights December 9, 2024

Bangladesh’s largest textile industrial park, Beximco, has been significantly impacted as approximately 170 top textile factories, including 23 owned by Beximco itself, have been forced to shut down due to a severe liquidity crisis and difficulties in securing letters of credit (LCs) for raw material imports. This crisis has been exacerbated by recent political changes