TextileIndustry

Mexico Implements Significant Tariff Increases to Boost Textile Industry Employment

4 days ago

In a decisive move aimed at bolstering domestic job opportunities, Mexico has announced substantial hikes in tariffs, some reaching as high as 35%. This policy change focuses primarily on the textile and apparel sectors, which have been identified as critical for employment across the nation.

Billionaire Brazilian Family Takes the Lead as Top Shareholder in French Company Elis

9 days ago

In a significant development in international finance, the billionaire family from Brazil has emerged as the largest shareholder of the French company Elis, a global leader in textile, hygiene, and facility services. This acquisition marks a noteworthy shift in the ownership landscape of Elis, demonstrating the growing influence of Brazilian investors in European markets.

China's Cotton Industry Appeals to Global Brands: A Call to Embrace Xinjiang Fiber

17 days ago

In a significant move aimed at reviving its image amidst ongoing scrutiny, the China Cotton Industry Association (CCIA) has made a public appeal to international clothing brands, including Uniqlo, urging them to incorporate Xinjiang-sourced cotton in their products. This call responds to mounting pressures from governments and advocacy groups that have raised serious concerns regarding human rights abuses in the region known for its cotton production.

Pakistan's Textile Sector Faces Tough Times Amidst Rising Costs and Energy Struggles

2 months ago

The textile industry in Pakistan, a cornerstone of the nation’s economy, is currently grappling with escalating energy costs and borrowing rates that threaten its competitiveness and profitability. As global demand shifts and domestic conditions become increasingly challenging, textile firms are feeling the strain and are being forced to reconsider their operational strategies.