UK-based recycling innovator,Worn Again Technologies(WAT) has launched a new recycling network- Swiss Textile Recycling Ecosystem.This project will assist the formation of a circular economy based on WAT Technologies’ unique polymer recycling technology.Figure: The consortium will be composed of WAT’s main shareholders, Sulzer, Oerlikon andH&M Group.To achieve full circularity and trigger a paradigm change in the fashion business, all parts of the value chain must be on the same page and wor

North Indian markets noted mixed trend in cotton yarn prices today. Ludhiana market registered a drop of ₹5 per kg due to persisting sluggish demand, while yarn prices remained stable in Delhi as buyers were taking interest for fresh buying at lower prices. Panipat’s recycled yarn market also remained steady as demand was not supportive.Ludhiana-based trader Gulshan Jain told Fibre2Fashion, “Cotton yarn demand was negligible as buyers were still not interested. The entire value chain is facing d

Despite the record-high inflation in the USA and the EU – two major apparel export market for Bangladesh readymade garments (RMG) – Bangladesh RMG unit prices against exports have observed a noteworthy growth in the USA and the EU markets during July to May of FY 2022-23.Both the market has been playing a paramount role in Bangladesh’s apparel export, as the EU holds 50% and the US holds a 21% growth share during the July-May period of the current fiscal year.Although, both the USA and the EU al

Most foreign direct investment (FDI) proposals in Bangladesh come from China, according to Mohammad Sirazul Islam, executive chairman of the Bangladesh Investment Development Authority (BIDA). He said this at the signing ceremony of a memorandum of understanding (MoU) between BIDA and the Bangladesh China Chamber of Commerce and Industry (BCCCI) in Dhaka.The two organisations will work together to increase foreign investment, especially from China, under the agreement.In fiscal 2021-22, China to

Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded by 17.3 per cent year on year (YoY) to 564.2 billion yuan between January and May this year, according to China’s ministry of commerce. In US dollar terms, the inflow went up by 22.6 per cent YoY to $87.77 billion. FDI in high-tech manufacturing rose by 32.9 per cent YoY during the period.The service industry saw FDI inflows jump by 10.8 per cent YoY to 423.3 billion yuan, while that of high-tech industries surged

There was mixed trend in cotton yarn prices in south India. The prices remained weak in Tiruppur market but found support in Mumbai market. Tiruppur did not notice any improvement in demand which dragged down cotton yarn prices by ₹5 per kg. However, Mumbai market noted improvement in yarn prices by ₹2-3 per kg due to lower production and supplies.A trader from Mumbai toldFibre2Fashion, “Demand was not better. Buyers were absent from the market. But lower production and supplies of cotton yarn p

China's exports grew at a double-digit pace in May, indicating economic recovery from COVID-19 outbreaks as factories restarted operations and logistics issues were smoothened in Shanghai. Its exports rose by 16.9 per cent in May year on year (YoY) in dollar terms, accelerating from April's 3.9-per cent increase.Imports also expanded for the first time in three months, rising 4.1 per cent in May from a year ago. The import growth was flat in April.The general administration of customs sa

China's consumer price index (CPI)—a primary gauge of inflation—rose by 2.1 per cent year on year (YoY) in May this year, according to the National Bureau of Statistics (NBS), which said the producer price index (PPI), which measures costs for goods at the factory gate, went up by 6.4 per cent YoY in the month. Non-food prices rose by 2.1 per cent YoY compared to the 2.2-per cent rise in April.On a monthly basis, the CPI edged down 0.2 per cent thanks to effective COVID-19 control and a suff

It is a shocking and sad fact that 64 per cent of all 32 billion garments produced globally each year end up in landfill. About 94 million kilograms worth of single-use outfits are bought annually, with one in two people throwing unwanted clothes directly into the bin instead of reselling them or repurposing them.Figure 1: Sustainability has been at the brand’s core since inception, and it prides itself on exploring new initiatives in fabric and sustainability technologies.Discarded garments pil

The prices of cashmere fibre registered a steep rise in China and Italy in January-March 2022 quarter. However, China recorded huge volatility since January 2021 compared to Italian market. The price of luxury woolen fibre, sourced from Pashmina goat found in colder regions, was $129.21 per kg in China and $129.30 per kg in Italy in January-March 2022.In China, the luxury fibre gained 11 per cent in January-March 2022 quarter. The fibre crashed 19.05 per cent to $88.91 per kg (FOB) in January-Ma