textile network

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 Sibylle Michel

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 Sibylle Michel

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 Sibylle Michel

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 Sibylle Michel

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

The war has also impacted Russia’s domestic textile and apparel market, as many U.S. and Western brand names have decided to suspend operations in the Russian market. © Feydzhet Shabanov/stock.adobe.com

07/06/2022 – U.S. textile and apparel sector

U.S. textile and apparel sector

Russia-Ukraine war creates uncertainties

The ongoing Russia-Ukraine war has impacted a number of industries in the U.S., including the textile and apparel sector which faces uncertainties. By Manik Mehta, New York

Global Business Sentiment, Q1 ‘21 – Q1 ‘22 © GlobalData

02/05/2022 – Economy

Economy

Business sentiment remained flat in Q1 2022

Business sentiment plateaued in Q1 2022 compared to the previous quarter, while gaining 6% compared to Q1 2021. By Editorial staff