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Swedish brand Hennes & Mauritz AB (H&M) is set to adjust the prices of its clothing manufactured in Bangladesh to counterbalance the rise in worker wages in the country. Following weeks of protests from garment workers advocating for a more substantial increase in their monthly wages, the Bangladesh government announced a 56 per cent hike in minimum wages for workers to 12,500 taka, effective from December 2024.

Initially, garment manufacturers in Bangladesh expressed concerns that such a wage increase could impact their profit margins for orders. H&M's decision to adjust prices is seen as a proactive measure to ensure fair wages for workers, according to Mostafiz Uddin, Managing Director of Denim Expert. He anticipates other brands may follow suit in implementing similar measures.

As the world's second-largest exporter of ready-made garments after China, Bangladesh currently employs 4 million garment workers, and the industry contributed one-tenth of the country's GDP in 2022. The move by H&M reflects the broader challenges and adjustments faced by the garment industry in response to evolving labor conditions and demands for fair wages.

 

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In a historic move, the Confederation of Indian Textile Industry (CITI) and Swiss Textiles have cemented their commitment to a robust trade and economic alliance through a Joint Declaration signed on November 23, 2023. This monumental step signifies a significant advancement in fostering collaboration and strengthening ties in the textile sector between the two nations.

The 19th Joint Economic Commission (JEC) between India and Switzerland, held on November 24, saw the active participation of  Dinesh Nolkha, Vice Chairman of CITI. During this session, discussions revolved around the strategic Joint Declaration and plans for engagement with the Swiss Textile Industry.

Chairman of CITI, Rakesh Mehra, emphasized that the Joint Declaration signals a shared vision for enhancing bilateral cooperation, facilitating trade, and promoting economic growth in the textile industry. Both trade associations expressed their commitment to the development of a comprehensive Trade and Economic Partnership Agreement (TEPA).

The collaboration is viewed by CITI as a key driver for growth, innovation, and increased global competitiveness in India's dynamic textile sector. Swiss Textiles, renowned for precision, quality, and innovation, recognizes vast opportunities in the Indian textile market. The alliance aims to open new avenues for trade, technology exchange, and investment in the textile value chain.

Key highlights of the Joint Declaration include the elimination of trade barriers, market access, mutual cooperation, investment promotion, and a commitment to sustainable practices. The envisioned TEPA would deepen research and development collaboration in the textile sector, presenting a transformative opportunity for both nations.

This Joint Declaration marks a historic moment in the bilateral relations between India and Switzerland, with collaborative efforts poised to strengthen the textile industry, contribute to economic growth, job creation, and enhance the prosperity of both nations.

 

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In a groundbreaking move, the Marchi & Fildi Group has unveiled its inaugural Sustainability Report, marking a pivotal moment in the company's unwavering commitment to environmental, social, and governance (ESG) values. The report, encapsulating the business year 2022, serves as a testament to the company's enduring dedication to innovation in products, processes, and community relations.

Adhering to the "GRI Sustainability Reporting Standards" by the Global Reporting Initiative, the report meticulously details the company profile, management model, and key initiatives. Focused on ESG factors, the report outlines noteworthy achievements, particularly in environmental performance.

Comparing 2022 to the preceding year, Marchi & Fildi achieved a remarkable 57% reduction in water consumption, a 19% decrease in wastewater, a 13% cut in electric power consumption, and an impressive 22% overall reduction in CO2 emissions. Simultaneously, Filidea demonstrated a substantial 26% cut in water consumption, a 22% decrease in wastewater, a 7% reduction in natural gas usage, a 14% decrease in electric power consumption, and an overall 7% reduction in CO2 emissions (Scope I + Scope II).

These statistics underscore the Group's consistent efforts towards resource optimization and the utilization of low-impact production technologies. Massimo Marchi, President of Marchi & Fildi, emphasized the strategic significance of the Sustainability Report, stating, "This is one of the stages towards the formalization of a strategic plan for the management of sustainability, a journey which the Group has been committed to for years and in which we believe 100%."

 

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In a groundbreaking collaboration, global textile industry players Groz-Beckert and Mayer & Cie. have revealed two cutting-edge advancements in circular knitting machine technology. The optimized Relanit sinker SNK F, developed over years, boasts enhanced efficiency, energy savings, and heightened process reliability. Groz-Beckert's LCmax energy-saving needles, the result of a parallel innovation stream, offer a game-changing 20% reduction in energy consumption compared to standard needles.

Presented at the ITMA in Milan in June 2023 and recently showcased in Asia at ITMA Asia in November, the collaborative efforts underscore a commitment to sustainability and forward-thinking production in the textile industry. The Relanit sinker SNK F features an innovative integral spring system, resulting in quieter operations, improved loop structures, and increased service life, aligning with contemporary demands for sustainable and cost-efficient manufacturing.

The LCmax needle, marked by its distinctive wave-shaped shank geometry, minimizes friction, leading to a significant reduction in machine temperature and a consequential 20% decrease in energy usage. Beyond product development, the successful partnership between Groz-Beckert and Mayer & Cie. exemplifies a holistic approach, involving Applications Engineering, Construction, Sales, and Purchasing departments. The outcome is a testament to the companies' open, constructive, and goal-oriented collaboration, offering tangible benefits to their global customer base.

 

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In a significant move towards bolstering sustainable growth and development in Africa, the Arab Africa Trade Bridges Program (AATB) has inked two pivotal agreements during the Intra Africa Trade Fair 2023 in Cairo, Egypt. The first agreement, a Grant Agreement between Hani Salem Sonbol, CEO of ITFC and Secretary General of AATB, and Dr. Hermogene Nsengimana, General Secretary of ARSO, is geared towards harmonizing African standards for textiles and leather products. 

This move aims to catalyze transformative change in the African Fashion Industry, aligning with the recent success in harmonizing pharmaceutical and medical device standards under the AATB Program, echoing the goals of the African Continental Free Trade Area (AfCFTA) agreement.

Additionally, a Partnership Agreement was sealed between ITFC and the International Trade Centre (ITC) under AATB's umbrella, marking the commencement of Phase Two for the "How to Export with the AfCFTA” Program. This collaborative initiative with Afreximbank focuses on training programs for countries like Benin, Cameroon, Senegal, and Togo. The program intends to raise awareness about the technical aspects and opportunities arising from the AfCFTA agreement, empowering enterprises to strategically leverage the benefits presented.

With a keen eye on promoting trade and investment development, these agreements underscore the pivotal role of large and small businesses in Africa's economic growth and structural transformation, aligning with the AATB program's commitment to drive positive economic impact across the continent.

 

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Uzbekistan’s Generalised System of Preferences Plus (GST+) status has been extended for four years by the European Union with the country’s GSP+ status now ending on December 31, 2024. 

The initiative encouraged around 628 enterprises in Uzbekistan to export local products worth $647 million. They exported textile industry products worth $177.4 million to the EU markets.

The extension also enabled Uzbek exporters to save €28 million in import duties and grow their private sector tenfold between 2019 and 202.

At a recent press conference, European Union Monitoring Commission GSP+, appreciated the progress made by Uzbekistan in implementing the UN conventions by introducing new laws on women's rights and gender equality, combating violence, improving economic and social rights.

The beneficiary status of the GSP+ also enables Uzbekistan to expand trade and economic relations with European business representatives besides creating new jobs in the country. 

 

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The Denim Futures campaign was launched last week by the Fabrica X, the Hong Kong based store operated by The Mills Fabrica. Through this campaign, the store gives consumers a glimpse of the entire fashion supply chain. 

Including an upcycling workshop, 3D digitalisation and opportunities to touch and feel new material innovations, the campaign features Unspun’s 3D body scanning, Renewcell’s biodegradable raw material Circulose and Circ, a chemical recycling technology that can recycle polycotton. 

It offers consumers denims curated by sustainable and future-focused brands like Story Wear, MATO, Sophie Hawkins and Klee and Klee,. 

Customers can also purchase from brands include Story Wear, a Taiwanese social enterprise that upcycles denim waste by skilled makers from disadvantaged backgrounds; MATO, a Hong Kong brand that combines traditional Japanese dye and stitching techniques; Sophie Hawkins, a London-based designer who uses circular manufacturing to produce jumpsuits; and Klee Klee, a Shanghai low-impact denim brand.

Supported by Lenzing, Levi’s and Advance Denim, the campaign will run for eight months. 

 

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In a letter to Chattagram Custom House Commissioner, Syed Nazrul Islam, Senior Vice President, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) urged customs authorities to make the clearance process more lenient by not imposing large fines.

This will help garment manufacturers address financial setbacks, Islam added. Fines imposed by the customs not only delay the permission process for product exports but also force garment makers to engage in expensive garment shipments to meet tight deadlines, he added further. 

Islam further emphasised on the need for streamlining the export process, especially after the submission of the bill of export.  He noted, Bangladesh’s garment exports declined by 13.90 per cent in October due to global economic slowdown.

 

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Retail chain C&A plans to launch 100 new stores across Europe over the next three years, reveals, Carslen Hom, Head-Germany. 

The company will launch these stores across Romania, Poland, Italy, and key German cities like Hamburg, Berlin and eastern regions. It also plans to open stores in Madrid, Amsterdam, Paris, and Milan in 2024.

C&A has already modernised about 75 per cent of its existing stores. The retail chain has over 1,300 stores across 17 countries with nearly 400 of them in Germany. It recently launched new stores in Hamburg, Heilbronn and Singen. 

Brands operated by the retail chain include Angelo Litrico, Avanti, Clockhouse, Here+There, Palomino, Rodeo (ski and snowboard clothes), Westbury, Yessica, Yessica Pure, and Your Sixth Sense.

 

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The upcoming Copenhagen Fashion Week (CPHFW) AW 24 edition, scheduled from January 29 to February 2, 2024, is set to feature approximately 31 brands. Carefully selected by the Show Committee and Sustainability Committee, these brands were chosen based on both fashion design criteria and a holistic perspective of the entire value chain, aligning with CPHFW's 18 Minimum Standards.

This edition will kick off with a show by CPHFW Newtalent in collaboration with Circulose bursary recipient Nicklas Skovgaard. Supported by Circulose, the CPHFW Newtalent initiative aims to bolster emerging Nordic brands with less than five years in business. Notable brands benefiting from the scheme this year include Rolf Ekroth, Nicklas Skovgaard, Alectra Rothschild/Masculina, and Stamm.

Additionally, three brands—Martin Quad, Sloth Rousing, and MLGA—will be recognized as 'One To Watch For' in this edition. These brands will receive financial support, mentorships, partnership offerings, professional advice, an opportunity to engage with alumni at the event, and extensive PR exposure through CPHFW's international community and channels.

 

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