The domestic textile industry has welcomed the Union government’s recent decision of imposing a minimum import price of $3.5 per kg on the five HS lines of MMF knitted fabrics. The move followed unprecedented surge in imports of these categories of MMF knitted fabrics, creating a havoc-like
Amongst various demands, the Bangladesh government has urged the US to provide quota free as well as duty free access to Bangladeshi apparels manufactured from US cotton. The demands were made at a US-Bangladesh TICFA Intercessional Meeting held at the office of the Bangladeshi Ministry of Commerce. While briefing journalists after the meeting, Senior Commerce […]
Fast fashion brand Zara has dispelled rumours emanating from the Chinese media that it is withdrawing from the Chinese market. Media reports had recently informed that Zara has closed nine stores in just two months which lead to speculation that the Spanish brand is gradually exiting from China. While speaking to Daily Economic News, a […]
Ahlstrom has introduced a new dual-layer filtration technology for longer lifetime and reduced size of air intake filters. According to Ahlstrom, the quality of air intake is a substantial factor in the overall performance of today’s engines. An efficient air intake filtration supports optimal operation, preventing particulate contaminants from entering the engine while
Lindauer Dornier will be presenting numerous new and advanced technological developments for its rapier and airjet weaving machines at Techtextil in hall 12.0, Stall D-93. “These technologies will enable fabric manufacturers to maintain reliable and flexible production even in times of diverse challenges,” the German company said in a press release. Lindauer Dornier will
Following the announcement on April 1, 2024, the Board of Directors of ABFRL convened and approved the proposal for the vertical demerger of Madura fashion and lifestyle business from ABFRL into a newly incorporated entity named Aditya Birla Lifestyle Brands Ltd. (ABLBL). Upon completion, ABLBL will be listed separately, marking a significant strategic move aimed […]
NILIT, the foremost provider of high-performance Nylon 6.6 fibres for the apparel industry, and Shenma Industry Co., Ltd., a subsidiary of China Pingmei Shenma Group and a leader in the industrial Nylon 6.6 market, have announced the establishment of a strategic joint venture. This partnership marks a significant milestone in expanding production capacity and fostering
Eastman, a specialty materials company renowned for its Naia cellulosic fibres, has initiated a strategic collaboration with Debrand, a leading next-life logistics company specializing in sustainable solutions for apparel waste, serving some of the world’s top apparel and footwear brands. In partnership with Debrand, Eastman is utilizing its cutting-edge molecular
HNI Corporation has received the DOE Better Project Award. The award recognizes HNI’s exceptional achievements in implementing energy-efficient initiatives within its manufacturing operations, particularly regarding the optimization of paint booth ovens. By incorporating air curtains designed by HNI, the company successfully reduced oven energy demand by up to 30%
Albany International Korea, Inc., a subsidiary of Albany International Corp., has announced its decision to cease manufacturing operations at its facility in Chungju, South Korea, and relocate production to other Albany International manufacturing facilities. This strategic move is aimed at optimizing forming fabric capacity to better meet local market demand and serve the






















