Evonik Venture Capital is investing in a start-up, Modern Meadow, which sustainably produces biofabricated materials that closely resemble leather, eliminating the need for animal skins. Modern Meadow has developed a technology to produce animal-free collagen, a protein naturally found in animal hides. The process involves fermentation using yeast cells.The investment in the start-up, based in Nutley, New Jersey, follows a successful partnership between the two companies in which Evonik is suppo

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) says more than 50 local RMG manufacturing companies are producing dresses for domestic markets. The BGMEA data also estimated the country’s domestic market size of apparel products at around Tk 250 billion where the local brands could avail less than 25 per cent share. Considering the local market size, Bangladesh’s leading readymade garment exporters are operating their business with the assistance of reputed global brands i

Seshadri Ramkumar, Professor, Texas Tech University, USAWith government stocks depleting, China needs to import more to sustain its mills’ consumption. Where would all that cotton come from? Recently, Jon Devine, senior economist and a 10-year veteran with Cary-based Cotton Incorporated presented a nice picture of the global cotton scenario.The current government stock in China has fallen considerably from 2013/14 and is about 9 million bales (480 lbs. each bale) at the end of 2018/19. This puts

Lenzing has announced a new milestone for its pioneeringRefibratechnology with a 30% increase in recycled raw materials usage to further drive circular economy in the textiles segment. The new offering is now available in the family ofTencel Lyocellfibres with low fibrillation properties.In addition to having low fibrillation and moisture management properties, the fibres also feature enhanced breathability, along with silky smoothness and strength. The new fibre type is especially suitable for

As news arising from the Nanjing Wool Market conference, the largest wool trade gathering annually, forecast positive gains, prices were substantially dearer across the entire offering at Australian wool auctions this week. The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI) gained a further 67ac this week to close at 1609ac clean/kg.In US Dollar (USD) terms, the USD EMI gained 3.8 per cent or 39usc to close the week at 1086usc clean/kg. Once again for those buying using the USD,

Pertex is known among outdoor enthusiasts for its lightweight and highly durable performance fabrics. © PertexAt this year’s Performance Days in November, ingredient brand Pertex will be announcing its sustainability aims and targets following the completion of the brand’s first Sustainability Report. The report highlights the brand’s commitment to continue to minimise its environmental impact through responsible product and business practice.The company aims to do the following:Reduce demand fo

Is this crisis a short or long term? A telephone conversation with two Indian textile industry professionals painted a clear picture.Indian textile industry is strong in the spinning sector, which has been heavily dependent on exports. “Yarn market is dull,” stated Subbiah Krishnamoorthy, general manager of Vaibhav Ginning and Spinning Mills, Pvt. Ltd., a spinning mill with 26,000 spindles located in a cotton growing area in Gujarat, India. China and Bangladesh are not buying yarns and the price

The government has selected 182 businesspeople as awarded CIP (Commercially Important Persons) due to their outstanding contribution to the country’s economy in export in 2017.136 persons were given the cards for their outstanding performance in the export category where majority them were from the textile and apparel industry. Other 46 were given the cards under the ex-officio trade category among the recipients.Figure: Ahmed Arif Billah, MD, Masco Group receiving the CIP award.Commerce Ministe

The Uganda Free Zones Authority (UFZA) recently issued two developer’s licenses to BlockChain Technologies (U) Limited and Shree Modern Textiles Ltd to develop free trade zones, or free ports, in Kampala and Jinja districts respectively. Free ports are designated areas in which companies are lightly taxed or attract no tax at all to encourage trade.Pic: ShutterstockShree Modern Textiles will invest in ginning, weaving and making textiles, while the other company plans to undertake the business o

Chargeurs PCC Fashion Technologies has launched Sustainable 50 apparel interlinings. The product line is the first complete collection of interlinings, the technical components that give garments their shape and structure, to be made with eco-responsible materials, including BCI cotton, hemp, recycled polyester textiles, recycled plastics, and Bemberg.Chargeurs is set to host a series of launch events to showcase sustainable 50 designs. It displayed Sustainable 50 designs at the recently held Pr