Trade & Market

Global Fibre Market Reaches Record Production In 2023

Textile Insights October 10, 2024

The global fibre market experienced a significant surge in 2023, with total production reaching an unprecedented 124 million tonnes, marking a major milestone for the industry. This represents a notable increase from 116 million tonnes in 2022, and more than double the production levels from

Sustainability

Puma To Use Re:Fibre Technology In All Replica Jerseys

Textile Insights December 6, 2023

German sports company Puma has scaled up its textile recycling innovation, Re:Fibre and will be replacing recycled polyester with Re:Fibre in all Puma football Club and federation replica jerseys 2024 onwards. Since the launch of the pilot project in 2022, which saw Puma produce recycled training jerseys for their sponsored football clubs, Re:Fibre technology has […]

Apparel, Fashion, Retail

VF Corp Expands Recycled Polyester Sourcing To 40 Percent

Textile Insights November 16, 2023

Marketer of iconic clothing brands like Timberland, The North Face and Vans, VF Corp has increased sourcing of recycled polyester to 40 percent in fiscal 2022. “This is an improvement from 36 percent in fiscal 2021 and in the process has attained 80 percent of its target to use 50 percent recycled polyester by fiscal […]

Sustainability

Boost Textile Recycling By Withdrawing Two Stage VAT – BTMA

Textile Insights August 14, 2023

The Bangladesh Textile Mills Association (BTMA) demanded the withdrawal of a two-stage value-added tax (VAT) on the purchase of textile waste from domestic market and also on production of recycled cotton yarn from the waste. BTMA urged the National Board of Revenue (NBR) to introduce a new harmonised system (HS) code for recycled cotton fibre […]