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INDIA INTEGRATES ITS TEXTILE AND CLOTHING SECTOR TO SEIZE MARKET SHARE FROM CHINA – MAJOR TEXTILE FAIR TOLD
India is integrating its textile and apparel industry more closely to achieve faster growth and become a reliable alternative to China and other Asian sourcing hubs for garments, sector executives have said at a major conference this week. Industry leaders from worldwide gathered in the capital New Delhi for Bharat Tex 2024, from February 26 to 29, discussing key issues such as sustainability and transparency.…
NEW TRENDS EMERGE IN CRYPTO SCAMS AS VIRTUAL CURRENCY AND ASSET SYSTEMS DEEPEN COMPLEXITY
While crypto-currency-based fraud is often just a variant of scams committed using fiat currency, the increasing complexity of virtual money and asset-based systems also offer fresh opportunities for criminals to use deception to make money.
With former crypto-currency tycoon Sam Bankman-Fried scheduled for sentencing on March 28 over crimes committed when running cryptocurrency exchange and crypto hedge fund FTX Trading Ltd, the profile of crypto-fraud will be heightened worldwide.…
BALTIC STATES HAS SMALL CAN MANUFACTURING SEGMENT, BUT STRONG BREWING AND FISHING INDUSTRIES OFFER OPPORTUNITIES
While the Baltic States’ metal can industry relies largely on imported packaging, the two industries which routinely utilise local production are the beverage (specifically beer), and canned fish industry. While there were far more production facilities today within independent Estonia, Latvia and Lithuania than when these countries were part of the Soviet Union until 1991, the sector has been declining.…
CENTRAL ASIA EMBARKS ON AMBITIOUS RENEWABLES DRIVE BUT FOSSIL FUELS STILL REIGN
Central Asia’s five countries are mitigating climate change challenges by adopting more efficient water management practices and greener energy technologies. But regional fossil fuel usage remains high, despite all their governments’ stated goals to become carbon neutral, (except gas-rich Turkmenistan).
Three of the region’s five countries – Kazakhstan, Turkmenistan and Uzbekistan – are rich in oil and natural gas, so are actively exploiting these deposits, which demand remains high as trading partners transition to green energy.…
EUROPEAN METAL CAN SECTOR CALLS FOR STRONGER RECYCLING RULES IN REVISED EU PACKAGING AND WASTE RULES
AMBITIOUS recycling measures in a proposed European Union (EU) packaging and packaging waste regulation (PPWR) are essential to boost packaging waste collection and achieve a true circular economy for packaging, EU can industry experts have told CanTech International.
Indeed, as EU ministers and MEPs negotiate the final legal text of these planned reforms, the CEO of industry association Metal Packaging Europe (MPE), Krassimira Kazashka, said her group wants “EU legislators to provide for stronger recyclability measures and more pragmatic reuse requirements”.…
WILL HUMAN RIGHTS ISSUES DENT VIETNAM’S ATTRACTIVENESS AS A KNITWEAR SOURCING LOCATION?
Vietnam’s knitwear sector has gained additional orders from western buyers especially since allegations that Chinese manufacturers have used cotton produced by forced labour in China’s cotton-producing province Xinjiang gathered steam. With the USA especially placing import restrictions on such products and the European Union (EU) mulling additional barriers, Vietnam’s major knitwear sector has looked set to continue benefiting from this political response.…
INTERNATIONAL REGULATORY ROUND UP – UKRAINE ROW PITS EUROPEAN SUGAR USERS AGAINST SUPPLIERS
The European Association of Sugar Manufacturers (CEFS) have joined with five other European food industry associations to press the European Union (EU) to protect the EU sugar and honey industries against large import flows from Ukraine. Because of Russia’s invasion, Ukraine’s ability to service traditional markets has been impeded – with significant amounts of product entering the EU instead.…
DIGITAL PRINTING BOOSTS INDONESIA’S TEXTILE INDUSTRY, BUT INVESTMENT COSTS CAN BE A CHALLENGE
Digital textile printing has been growing significantly in popularity and demand within the Indonesian clothing and textile sector, Rizal Tanzil, the secretary-general of the Indonesian Textile Association (API – Asosiasi Pertekstilan Indonesia). Speaking to Digital Textile, he stressed that it offered more flexibility and customisation for a wide range of textile applications, such as clothing, bags, hats and accessories.…
TÜRKIYE MINIMUM WAGE HIKE SPARKS TEXTILE COMPETITIVENESS CONCERNS
Türkiye raised its minimum wage by 49% from January 1 (2024) in a bid to tame the impact of the country’s punishing inflation rates, impacting the textile and garment industry’s global competitiveness. However, but the sector is hopeful that investment in automation, adopting eco-friendly schemes and recycled textiles will drive business.…
BIRLA CELLULOSE TO VENTURE INTO AN INNOVATIVE ALGAE-POWERED FIBRE
Birla Cellulose, the manufactured cellulosic fibre (MMCF) giant from India’s global conglomerate the Aditya Birla Group, is taking its mission for sustainability in textile a notch higher by developing lyocell fibres containing algae. Birla has long specialised in developing lyocell, a subcategory of rayon, made from organic solutions in which no substitution of the hydroxyl groups takes place, and no chemical intermediates are formed.…