The global textile industry produced a record 139 million tonnes of fibres in 2025, up from 132 million tonnes a year earlier, as polyester and other virgin fossil-based synthetics continued to drive market expansion. But behind the headline growth is a more complicated picture. While the
Austria-based fibre manufacturer Lenzing Group has announced a major restructuring programme that includes the closure of two production facilities, a workforce reduction of around 25 percent and fresh financing measures aimed at strengthening its financial position. The company said it plans to achieve cost savings of at least €120 million by the end of 2026 […]
The winners of the ITMF Start-up Award 2024 will showcase their innovative business models at the upcoming ITMF & IAF Conference 2024, scheduled for September 8-10, 2024, in Samarkand, Uzbekistan. The event will be co-hosted by the Uzbek Textile & Apparel Industry Association (UZTS). The ITMF Start-up Awards aim to provide a platform for start-ups […]















