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Economy

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It is expected that energy prices will remain high and volatile. © teerapon/stock.adobe.com

 
03/01/2023 – Economy

Economy

Major concern about the EU textile industries’ competitiveness

The EU textiles industry is highly concerned about the potential loss of competitiveness, caused by the EU’s inaction of the energy crisis, and Chinese ... By  Editorial staff
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The prospects of weakening demand caused by surging inflation are worrisome. © sewcream/stock.adobe.com

 
21/09/2022 – Results of the 15th ITMF Corona-Survey

Results of the 15th ITMF Corona-Survey

Business situation and expectation have turned negative

The 15th ITMF Corona-Survey shows that the business situation plunged into negative territory in July 2022. The business situation is worse in Asia than ... By  Editorial staff
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To safeguard the future of the industry, a revision of the electricity price mechanism is necessary and an EU wide cap on gas prices at 80€/MWh. © teerapon/stock.adobe.com

 
19/09/2022 – Energy crisis

Energy crisis

The future of the European industry is at stake

The European textile & fashion industry in Europe, represented by Euratex, calls for a single European strategy to tackle the energy crisis. By  Editorial staff
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Fifteen million items of clothing are dumped in Ghana every week, the vast majority of which is unusable and therefore thrown away. That is about to change. © Jeanette Dietl/stock.adobe.com

 
01/09/2022 – Africa

Africa

Project will revolutionise West Africa’s textile industry

A large-scale project in Ghana aims to produce and recycle fabrics and finished garments locally, offering environmental as well as economic benefits. By  Editorial staff
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Overview of the planting and harvesting times of the eight major cotton producing countries © Bremer Baumwollbörse

 
31/08/2022 – Cotton

Cotton

Season 2022/23 marked by uncertainty

The volatility with cotton prices, global macroeconomic conditions, and the turmoil in Eastern Europe are creating uncertainties in cotton demand. By  Editorial staff
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Hellmann had its most successful year in the company’s 150-year history. © Hellmann Worldwide Logistics

 
13/07/2022 – Economy

Economy

Hellmann achieves annual revenue of over EUR 4 billion

Despite challenging market conditions, Hellmann Worldwide Logistics closes 2021 as the most successful financial year in its 150-year history. By  Editorial staff
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The IPCC report measures manufacturing costs broken down into various cost elements at each stage of the textile value chain. © ITMF

 
27/06/2022 – IPCC report

IPCC report

Tracing production costs in the primary textile industry

The new edition of the International Production Cost Comparison (IPCC) from ITMF has been published. The report measures the manufacturing costs of different ... By  Editorial staff