Textile Industry news and archive

EU Energy Council: EURATEX welcomes progress on the energy market reform

On Monday, the European energy ministers reached an agreement on a price cap for natural gas wholesale prices. Despite welcoming the adoption of the instrument and the prospect to limit gas price speculations on the stock market, EURATEX considers the cap at 180 €/MWh to be still too high. Also, the complexity of the conditionalities triggering...

BusinessPress Release

The EU Textiles industry is highly concerned about the potential loss of competitiveness by the EU’s inaction of the energy crisis

Following yesterday’s European Council summit and its conclusions on the measures to tackle the energy crisis, the European textiles industry is extremely concerned about the fast loss of competitiveness of Europe and demands urgent action to save the industry. The chain of factors determining this sharp decline in our competitiveness is...

Fashion Partner Content

Why traceability and transparency are the foundation of the textile industry

Sustainability remains a ‘hot topic’ within the fashion industry and its ever-shifting environmental, social and political landscape. As manufacturers, brands, and retailers launch more products which are labelled ‘eco-conscious,’ ‘environmentally friendly,’ or ‘sustainable’, the number of greenwashing accusations has also been substantially...

BusinessPress Release

Seizing growth opportunities in Bulgarian TCLF industries

The textile, clothing, leather and footwear (TCLF) industries employ 80,000 workers in Bulgaria. However, employment has gone down by 20% in the past four years which is a concern. Social partners discussed the challenges and opportunities of the new EU Sustainable Textiles Strategy and focused on both environmental and social sustainability....

RetailPress Release

The European textiles industry statement on the energy package

Last month, when gas wholesale prices reached the record level of 340€/MWh[1] – triggering also sky-high electricity prices – the European textiles industry called on the European Union to adopt a wholesale price cap for gas, the revision of the merit-order principle in the electricity market, support for SMEs and a single European strategy. On...

BusinessPress Release

European Textile Industry Calls for Immediate Action to Tackle the Energy Crisis - the Future of the European Industry is at Stake

The European textile & fashion in Europe, represented by EURATEX, calls for a single European strategy to tackle this energy crisis. 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. Special company support needs to be granted to avoid bankruptcy and...

RetailPress Release

EU-India Free Trade negotiations

Today the European Commission released its long-awaited Strategy for Sustainable Textile, with the ambition to move the sector towards the path of sustainability. EURATEX welcomes the EU ambitions to act on sustainable textiles and investments, in order to change how textiles are made, chosen and recovered. Many European companies have already...

Fashion Partner Content

35th IAF World Fashion Convention in Lahore, Pakistan, brings top speakers from across the globe

The IAF World Fashion Convention is a unique fashion industry event, bringing the topics that matter and the speakers that count together with both the supply and demand side of the fashion industry. Each country and each city that host the IAF Convention, showcases another aspect of the multi-faceted apparel industry. The 35th World Fashion...

Fashion Featured

Textile industry is “far from sustainable” states WWF

The clothing and textile industry has an “ecological footprint which is far from sustainable” due to the 1.7 billion tones of carbon dioxide it emits annually, states a new report from WWF Switzerland. In the ‘Changing fashion: The clothing and textile industry at the brink of radical transformation’ report, the WWF says that the fashion...

Design

Nigeria: counterfeiting costs textile industry a million jobs

In the last twenty years, more than a million Nigerian textileand apparel workers have lost their jobs due to counterfeited products. The prevalence of counterfeiting has forced many textile factories to close, leaving the whole industry in danger and posing a potential danger to the economy and its position as a new frontier economy. Industry...

Fashion

India worth 20% of world textile market

Demand for fast fashion is showing no signs of a slowdown and economies like India have been steadily growing its textile industry. India is hoping to take 20 percent of the world textile market, valued at 300 billion dollars over the next 10 years. In order to facilitate its growth India could alsosee changes to labour laws, with textiles...

Fashion

Textile industry: child labor still common

Around 168 million children are still working worldwide and of those, 85 million in hazardous conditions, so the latest 900-page report “Findings on the worst forms of child labor” by the U.S. Department of Labor’s Bureau of International Labor Affairs. Unfortunately, the textile and garment industry is one of the sectors that keeps resorting to...