Updates

The Green Machine of the Hong Kong Research Institute of Textiles and Apparel (HKRITA) has won an ITMF Award for Sustainability and Innovation. Through separation of the blended textile, Green Machine recovers PET fibre for re-spinning, even as it converts cotton fibre into cellulosic powder for a number of uses.

The US House introduction of the Credit Card Competition Act to check skyrocketing swipe fees has been welcomed by industry associations. The bill addresses “swipe” fees averaging over 2% of the transaction that banks and card networks charge merchants to process credit card transactions.

A total of 18 enterprises have been given the first ever ITMF Awards at the recently concluded ITMF Annual Conference, held at Davos in Switzerland. texfash.com reports.

The next round of Global Change Award (GCA) that opens 20 October for 2023, the GCA is looking for five winning teams who will share a grant of €1 million for solutions that steer the textile-fashion industry towards circularity, work out innovative solutions enabling growth within planetary boundaries. and something pathbreaking not "even thought about yet." texfash.com brings the details.

With the annual inflation rate in the United States jumping to 8.3% in August, almost 83% consumers have been impacted by shortages in the supply chain, and as many as 63% consumers have either been buying less clothes or have deferred purchases altogether.

Swiss sports manufacturer On is leading a supply chain coalition to reshape carbon waste into running shoes  with the launch of the first ever shoe made from carbon emissions in partnership with LanzaTech, Borealis and Technip Energies.

Athleisure major Lululemon’s second Impact Report has inadvertently revealed that the Canadian athleisure giant has increased climate pollution from manufacturing its products by a shocking 60% in just 12 months. This was followed by the company's founder donating CAN$ 100 million to a conservation non-profit.

The voice of the European apparel and textile industry, EURATEX has warned that the EU’s steps to tackle the current energy crisis could come at the cost of losing European industrial capacity and jobs.

Ethiopia, China, and Germany have renewed their commitment to scale up their triangular cooperation aiming at improving the environmental, social, and labour standards in the textile sector in Ethiopia and beyond. texfash.com reports.

The global luxury industry that had lagged behind in adopting new technology is now accelerating the process with benefits being seen in increased fluidity of customer relations, operational excellence and reduction of the industry’s carbon footprint.