Home

Tags

Textile

Textile news and archive

South Asian textiles: End of a competitive advantage? A critical review of the French Treasury's quarterly letter

The quarterly letter published by the French Treasury offers a detailed diagnosis. The textile and apparel industry remains the industrial and social core of the economies of Bangladesh, India, Pakistan and Sri Lanka. As a pillar of exports, a mass employer and a key driver of female employment, the sector has long relied on a simple competitive...

Member

Business

Nextil welcomes Maxum to capital structure, launches circular fashion vertical NextGreen

Madrid – Nextil Group continues its journey towards growth and improved profitability. The Spanish textile multinational has announced a new strategic agreement with US-based Maxum International Group. This binding partnership strengthens existing ties between the two companies. It guarantees support for the launch and growth of NextGreen, a new...

Member

Business

Euratex sounds the alarm and calls for an urgent industrial strategy

The European textile and apparel sector comprises 192,000 companies and 1.3 million employees, generating an annual turnover of 167 billion euros. The industry is now warning of an imminent loss of competitiveness. In a joint statement issued in Brussels on November 11, 2025, Euratex (the European Apparel and Textile Confederation) and...

FeaturedMember

Business

Recover scales up and starts commercialising finished fabric and garments

Madrid – The Spanish company Recover, a global pioneer specialising in the production of recycled cotton fibres, is scaling up its operations. It is launching the production and commercialisation of low-environmental-impact finished fabrics and garments. These products are now available to any interested company. The aim is to help “democratise”...

FeaturedMember

Business

Nextil improves credit rating, eyes expansion in Portugal and Guatemala

Madrid – Following a period of strong financial results and a strengthened balance sheet, Spanish textile company Nextil is accelerating its 2024–2026 Strategic Plan. The plan is centred on three key initiatives: improving its credit rating, expanding operations in Portugal through acquisitions, and increasing production capacity at its plant in...

FeaturedMember

Business

Nextil benefits from Trump's tariffs: 175 million dollar contract with US-based Maxum

Madrid – The Spanish textile company Nextil Group has secured a major partnership with the US multinational Maxum International Group, becoming a key player in Maxum’s supply chain. This partnership is a direct result of the relocation of production by US companies, driven by the new trade and tariff policies of President Donald J. Trump. The...

Featured

Fashion

90 percent of US imported second-hand garments are reused domestically in Guatemala

The global secondhand clothing market doesn’t necessarily carry a good name, as textile waste from developed countries has been disproportionately impacting countries from Ghana and Kenya to Uganda and Nigeria, according to Bank & Vogue. With many third-world countries lacking the proper infrastructure to handle the sheer volume of imported used...

Member

Business

Nextil sells Portugal production facilities in 4.4 million euros deal

Madrid – Spanish textile multinational Nextil, which currently operates its main production hubs in Portugal and Guatemala, is continuing to optimise its business model with the sale of all its production facilities in northern Portugal. This transaction, executed under a sale and leaseback agreement, allows the company to continue operating at...

Member

Business

Recover partners with US-based Intradeco to build a recycled fibre plant in El Salvador

Madrid – Spanish company Recover, the spin-off of Valencian firm Hilaturas Ferre specialising in the production of recycled cotton fibres, continued to expand its operations. It sealed a strategic partnership with US-based Intradeco. This alliance aims to boost both companies' business models in the Americas sustainably. It will do this through...

Podcast

Podcast: Roosmarie Ruigrok on the textile industry and the importance of cooperation

In this episode of the podcast 'Circular Textile Stories', host Rosa Scholtens talks to Roosmarie Ruigrok about the textile industry. Ruigrok is a sustainable fashion and textile expert with more than 30 years of experience in the fashion industry. Her career is impressive: in 1991, she founded her first company, Promax Corporate Fashion. The...

Member

Business

Human Material Loop founder to test hair textile prototype in Aconcagua climb

One of the founders of material innovation company Human Material Loop has announced they will be embarking on a trip to trial a clothing prototype utilising waste keratin protein fibre – human hair. Leonardo Antonio Avezzano, the company’s co-founder, will be sporting the prototype gear during an expedition to Aconcagua, Argentina, where he...

Member

Business

Leeds Group to close German subsidiary following financial woes

Textile and finance company Leeds Group said it will be placing its German subsidiary into insolvency after various macroeconomic issues impacted its financial situation. The decision comes in spite of the easing of covid-19 restrictions, with other factors like a decrease in consumer confidence and the conflict in Ukraine also having an impact....