The direct-spun PSF market has experienced relatively flat operations from January to May 2024. Apart from significant production cuts and shutdowns during the Spring Festival holiday, the operating rate has remained largely normal. In the first quarter of 2024, the operating rate averaged
The global digital printing and dyeing machines market is set to experience significant expansion, projected to increase by US$ 10.51 billion from 2024 to 2028, growing at a robust CAGR of over 10.22% during this period, as reported by Technavio. This growth is primarily fueled by escalating worldwide demand for textiles and a noticeable shift […]
Sinbon and Makalot have forged a strategic partnership to capitalize on the burgeoning digital wellness market, projected to reach US$ 1.8 trillion globally by 2024, with the U.S. segment alone anticipated to hit US$ 480 billion this year. The alliance aims to leverage their Soft Electronics/Textile product creation platform, catering to diverse industries worldwide.
Universal MEP Projects & Engineering Services Limited (UMPESL), a 100% wholly owned subsidiary of Voltas Limited, a TATA Enterprise, announced that it has entered into an agreement for the marketing and sales of humidification plants from the reputed Indian manufacturer, Draft-Air India Pvt. Ltd. This cooperation is expected to strengthen both UMPESL’s and Draft-Air’s
Lesotho’s textile and apparel industry has faced a stark decline, shedding nearly 16,000 jobs from March 2018 to March 2024, as highlighted during a workshop convened by the Lesotho National Development Corporation (LNDC). Puseletso Makhakhe, LNDC’s Corporate Investment and Trade Promotion General Manager, outlined the sector’s challenges, citing reduced
The Indian government has decided to extend the timeline for setting up facilities under its Production Linked Incentive (PLI) scheme from two years to over three years. This adjustment aims to improve the scheme’s effectiveness in boosting India’s textile exports, which saw a decline of 11.69% from $16.24 billion in 2018 to $14.34 billion in […]
The Southern India Mills’ Association (SIMA) is set to host the 14th edition of Texfair, a prominent textile machinery fair, in Coimbatore from June 21 to 24. Texfair will feature 240 exhibitors, including international participants, occupying 260 stalls. Exhibitors will showcase a wide array of textile machinery, spare parts, accessories, and innovative technologies. The
IFC has announced a partnership with EPIC Group, a global leader in the apparel industry, to support sustainable textile manufacturing and enhance resource efficiency in Bangladesh and India. This collaboration includes a $100 million debt financing package comprising a $70 million sustainability-linked loan and a $30 million green loan. The funding will enable EPIC Group
The 9th ASEAN Traditional Textiles Symposium (ATTS) is scheduled to take place at the Landmark Hotel in Vientiane from November 4-6, emphasizing the preservation and promotion of traditional textile practices and cultural heritage across the ASEAN region. Souvita Phaseuth, President of the Lao Handicraft Association, highlighted the symposium’s focus during a recent
President Yoweri Kaguta Museveni convened a crucial meeting at State House, Entebbe, with representatives from the Uganda Manufacturers Association (UMA) to chart a course for revitalizing Uganda’s textile sector—a pivotal driver of economic growth in the country. In his address to UMA officials, President Museveni underscored the imperative of strengthening and






















