News - Textile Insights - Page 165

February 25, 2026

Corporates

Sweden’s Syre Eyes US$ 1 Billion Polyester Recycling Plant In Binh Dinh

Textile Insights February 27, 2025

Swedish textile company Syre has expressed interest in investing $700 million to over $1 billion in a polyester fiber recycling factory in Vietnam’s Binh Dinh province. The company shared its plans during a working session with the provincial People’s Committee, where Tim King, Operations

Machinery

Premier Looms Showcases High-Speed Looms At GTTES 2025

Textile Insights February 27, 2025

Premier Looms, a leading textile machinery manufacturer since 1976, unveiled its latest innovations at GTTES 2025. The company introduced its high-speed Airjet Looms, “Make in India” Water Jet Loom, and CAM Rapier Loom, reinforcing its commitment to advanced, efficient, and high-performance textile machinery. Premier Looms’ high-speed Airjet Looms,

Event

KEN India To Celebrate Founders’ Day On 1st March 2025

Textile Insights February 26, 2025

KEN India, a leading textile industry player, will celebrate its Founders’ Day on 1st March 2025, paying tribute to the legacy of Late Hariprasad Bagdiya, whose vision shaped the company’s success. The annual event will bring together 1,800 team members, including over 1,000 women, for a day of celebration, recognition, and cultural activities. The event […]

Corporates

CMAI & BillMart Fintech Partner To Simplify Trade Finance For Garment Manufacturers

Textile Insights February 26, 2025

CMAI collaborates with BillMart to provide AI-driven trade finance and bill discounting solutions for faster liquidity and business growth. The Clothing Manufacturers Association of India (CMAI) has signed a strategic MoU with BillMart Fintech Pvt. Ltd., designating it as the official Digital Funding Partner for its members. BillMart, a leading digital lending platform

Corporates

DyStar To Consolidate Charlotte Operations Into Reidsville Facility After Land Sale

Textile Insights February 25, 2025

DyStar, a global specialty chemical company, has announced the sale of its Charlotte, North Carolina, manufacturing facility and the subsequent consolidation of operations into its Reidsville, North Carolina, site. The move aims to enhance production efficiency and align with the company’s long-term growth strategy for the Americas. The property, currently housing DyStar

Sustainability

California Proposes Law For Fashion Sustainability Disclosure

Textile Insights February 25, 2025

California legislators have introduced the Fashion Environmental Accountability Act (AB 405), a bill aimed at increasing transparency in the fashion industry’s environmental impact. The proposed law would require fashion brands with annual revenues exceeding $1 billion and operating in California to disclose carbon emissions, water usage and waste. Retailers selling used

Dyes & Chemicals

France To Ban ‘Forever Chemicals’ Clothing And Cosmetics From 2026

Textile Insights February 25, 2025

France’s National Assembly has passed a bill to restrict the production, import and sale of products containing per- and polyfluoroalkyl substances (PFAS), also known as “forever chemicals.” The legislation, which secured 231 votes in favour and 51 against, was earlier approved by the Senate and will take effect in January 2026. The ban targets products

Industry

China Places PVH Corp. and Illumina on Unreliable Entity List

Textile Insights February 25, 2025

China’s Ministry of Commerce has officially initiated an Unreliable Entity List management procedure against American apparel giant PVH Corp. and biotech company Illumina. The Bureau of Security and Regulation announced that both companies violated market trading principles by unilaterally suspending commercial cooperation with Chinese enterprises and implementing

Industry

GEXIM Pledges Support For Ghana’s Garment And Textile Industry

Textile Insights February 25, 2025

The Ghana Export-Import Bank (GEXIM) has reaffirmed its commitment to supporting the garment, textile, and apparel industry as part of its efforts to drive employment and industrial growth under the government’s proposed 24-hour economy policy. Sylvester Mensah, Acting Chief Executive of GEXIM, made this announcement during a working visit with the Minister of Trade,

Industry

Gas Price Hike Will Threaten Bangladesh’s Industries & Increase Import Dependence

Textile Insights February 25, 2025

Businesses have raised alarms over the proposed gas price hike, warning that it could severely impact local industries and increase reliance on imports. Speaking at a seminar on energy affordability and industrial competitiveness, they cautioned that the move would escalate production costs, weaken investment and jeopardize economic stability. The event was organized by

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