April 2023

EnviroFit fibre is introduced by The LYCRA Company at Index23 in Switzerland

EnviroFit fibre is introduced by The LYCRA Company at Index23 in Switzerland

The LYCRA Company is showcasing its most recent fibre innovations for hygiene and personal care products at the ongoing Index23, the world’s leading nonwovens exhibition, which is taking place at Palexpo in Geneva, Switzerland. The LYCRA Company is a global leader in developing innovative and sustainable fibre and technology solutions for the personal care and …

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Italy's Italia Technology Alliance purchases Sadas

Italy’s Italia Technology Alliance purchases Sadas

Sadas, a Lucca-based business specialising in system integration, automation solutions, and industrial plant electrification, has joined the Italia Technology Alliance (ITA Holding) Group. The goal of this operation is a component of ITA’s larger expansion strategy, which has lately seen the introduction of other businesses involved in software development, industrial automation, and process digitisation. The …

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Carrington Textiles of the UK introduces Spartan HT Flex Lite

Carrington Textiles of the UK introduces Spartan HT Flex Lite

According to a press statement from the manufacturer, it also includes 61% Cordura military grade high tenacity nylon 6.6 for strength and durability. “We are noticing an increasing tendency towards user comfort; this trend has moved from workplace to flame-resistant clothing, so it only makes sense that it would go into the defence industry. Kirsty …

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China's NEA announces steps for expanding renewable energy

China’s NEA announces steps for expanding renewable energy

China’s National Energy Administration (NEA) has made known its plans to encourage the high-quality development of the domestic energy sector by putting in place a series of initiatives to ensure energy security, advance the adoption of clean and low-carbon technologies, increase self-sufficiency in scientific and technological advancements, facilitate innovative institutional practices, and strengthen international cooperation. …

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US brand Tapestry teams up with Ellen MacArthur to promote fashion circularity

US brand Tapestry teams up with Ellen MacArthur to promote fashion circularity

The Ellen MacArthur Foundation, a global nonprofit advancing the idea of a circular economy, has partnered with Tapestry, Inc., the holding company of prominent accessories and lifestyle brands Coach Kate Spade and Stuart Weitzman. Tapestry hopes to make a stronger statement about its dedication to promoting a resilient and sustainable fashion sector by joining the …

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IMF: Asia and the Pacific will propel global growth by almost 70% in 2023

IMF: Asia and the Pacific will propel global growth by almost 70% in 2023

The International Monetary Fund (IMF) predicts that despite the global economy’s difficulties, Asia and the Pacific will continue to be vibrant regions. The area is anticipated to provide more than 70% of worldwide growth this year, and by 2022, its development is expected to have accelerated to 4.6% from 3.8%. The demand for consumer goods …

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New technology will be introduced by Radar at American Eagle shops

New technology will be introduced by Radar at American Eagle shops

American Eagle Outfitters (AEO) plans to roll out Radar’s inventory-tracking technology in about 500 American Eagle stores across the US over the course of the following year, according to the company’s announcement. Radar is a technology platform that equips brand teams with the inventory knowledge they need to improve the in-store customer experience. Retail store …

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Tamil Nadu, India, announces plans to develop a textile metropolis close to Chennai

Tamil Nadu, India, announces plans to develop a textile metropolis close to Chennai

According to Tamil Nadu’s minister of handlooms and textiles, R Gandhi, the Indian state of Tamil Nadu has declared intentions to develop a textile metropolis close to Chennai. The announcement was made during his presentation of a Handlooms, Handicrafts, Textiles, and Khadi Policy Note before the state assembly. To expand market prospects and strengthen the …

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Industrialists want the goods containers to be released earlier

Industrialists want the goods containers to be released earlier

FPCCI requests in writing that the central bank call an urgent meeting to find a solution. Karachi: The government is under increasing pressure to free the containers full of industrial raw materials and other items that have been sitting at ports for months as they wait to be cleared. In a letter to the State …

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Despite a tariff rise, circular debt soars to Rs2.6 trillion

Despite a tariff rise, circular debt soars to Rs2.6 trillion

ISLAMABAD: Despite dramatically higher energy rates last year, the coalition government increased the circular debt in the power sector by a net Rs419 billion over the first eight months of the current fiscal year, bringing the overall circular debt to Rs2.67 trillion. According to sources in the Ministries of Finance and Energy, on average, the …

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