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Euratex presents Covid-19 recovery strategy
Euratex, the European Apparel and Textile Confederation, has come up with a strategy for the future that is supposed to turn the current coronavirus crisis into an opportunity. Part of the strategy, which was endorsed by the last general assembly, is for the industry to become “more digital, sustainable and agile” and five flagship initiatives have been identified in critical areas.
MSMEs face existential crisis
Crisil report says that the pain will radiate as India Inc heads towards approximately 15 per cent decline in revenue and approximately 25 per cent fall in earnings before interest, taxes, depreciation and amortisation (Ebitda).
Euratex develops five flagship initiatives
The first initiative is to organise guaranteed supplies and build resilient value chains in Europe for critical PPE and other textile products to avoid an impact of this magnitude in the future.
Tengri rare new yarn from Khangai camel fibre
Tengri, a UK-based luxury lifestyle brand specialising in clothing, accessories and home interiors that since 2014 has championed the manufacture of noble yarns and fibres from the endemic Khangai yak of Mongolia’s remote north-west region, has strengthened work with its cooperatives of over 4,500 herder families to introduce a rare new yarn to the market.
GCC panel submits 70 standards on chemical, textile items
The Gulf Cooperation Council’s (GCC) technical committee for chemical and textile products submitted 70 draft standards on chemical and textile products to the secretariat general of the GCC Standardisation Organisation (GSO) during its 25th meeting held recently.
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