In the first quarter of 2022, Lenzing Group, the world market leader in wood based cellulosic fibres, has posted revenue growth of 25.7 per cent year-on-year to reach €615 million, due to continued high demand for wood-based biodegradable specialty fibres and higher fibre prices. Specialty fibres’ share of fibre revenue currently stands at 73.3 per cent.
President of the European Commission Ursula von der Leyen and Indian Prime Minister Narendra Modi agreed to launch the EU-India Trade and Technology Council at their meeting in New Delhi today. This strategic coordination mechanism will allow both sides to tackle challenges at the nexus of trade, trusted technology and security, and deepen cooperation.
With their demand for removal of duty on import of cotton met by the Indian government temporarily till September 30, the textile industry is now mulling to press other demands before the government. There are indications that the industry organisations may raise the demand to remove the import duty permanently to solve the issue of cotton shortage.
Researchers say textile can produce power for a device or keep people coolNext mission is to explore ways to make clothing to lower body temperatures by as much as 15 degrees Celsius.
Gas crisis plagues textile, spinning mills
Recovery signs visible in India's textile-apparel market: NITI Aayog
Vietnam's trade may be significantly hit by Russia-Ukraine conflict
2022 Philippine textile-garment exports may expand by 50% to $1.5 bn
Textile waste account for 32% of Scotland's carbon impact: Report
FDI to Vietnam projected to rise in 2022: Economic experts
