May 10, 2026
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Industry

Maersk Boosts China-Bangladesh Textile Trade With New SH3 Service

A.P. Moller-Maersk (Maersk) has launched a new ocean shipping service, SH3, between China and Bangladesh to meet the increasing trade demand, particularly in the retail industry. The service began on July 7, 2024, enhancing the existing ocean network between the two countries by adding more capacity. The SH3 service rotation starts from Shanghai Port in […]
Export

Vietnam Garment Exports Rise, Challenges Remain

The garment and textile industry anticipates robust growth in the latter half of 2024, driven by increasing orders and improving consumer demand. Vu Duc Giang, chairman of the Vietnam Textile and Apparel Association, expressed optimism as many enterprises have secured orders for October and November. This positions them to strive towards meeting the export target […]
Industry

Uzbekistan And Azerbaijan Textile Partnership Grows Stronger

The 13th meeting of the joint Intergovernmental Commission on Cooperation between Uzbekistan and Azerbaijan, held in Bukhara on July 10, emphasized the deepening collaboration in the textile sector. Chaired by Laziz Kudratov, Uzbekistan’s Minister of Investment, Industry and Trade, and Mikayil Jabbarov, Azerbaijan’s Minister of Economy, the discussions
Financial Results

Rieter Group Reports Strong H1 2024 Order Intake

In the first half of 2024, Rieter Group achieved a significant order intake of CHF 403.4 million, marking a 24% increase compared to the same period last year. However, sales declined to CHF 421.0 million, down 44% from the previous year, as anticipated. Amid a challenging business environment, Rieter maintained a 2.1% EBIT margin through […]
Industry

SGCCI Calls for Policy Revisions In Textile Industry

Vijay Mewawala, President of The Southern Gujarat Chamber of Commerce and Industry (SGCCI), led a delegation on July 15th, to meet with key government officials, advocating for critical reforms in the textile sector. Accompanied by Union Minister for Jal Shakti, Shri C.R. Paatil, Mewawala engaged in discussions with Union Minister of Textiles, Giriraj Singh, addressing
Apparel, Fashion, Retail

Hugo Boss Adjusts 2024 Outlook Amid Global Challenges

Hugo Boss has revised its financial outlook for 2024, citing persistent macroeconomic and geopolitical challenges that are dampening global consumer demand and industry growth. These factors impacted the company’s performance in key markets like the UK and China during the second quarter. Preliminary figures show a 1% decline in currency-adjusted Group sales to EUR

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