MARKET & ECONOMY​

Matthew Miller and Bodice – from the British Isles and India – were announced the winners of the menswear and womenswear 2017-2018 International Woolmark Prize, presented at a special event during Pitti Uomo at Stazione Leopolda in Florence. In addition, the USA’s DYNE was announced the winner of the inaugural Innovation Award.

Turkey will launch its ecolabel certification allowing consumers to identify environment-friendly products. The official from the Turkish Ministry of Environment and Urbanization said the ministry has already completed a project aimed to integrate Turkey?s legislation into the European Union?s ecolabel legislation.

The biggest international trade fair for home and contract textiles, Heimtextil, which hosts around 2,975 companies from various parts of the world, has kicked off in Frankfurt, showcasing design innovations.

Archroma, a global leader in colour and speciality chemicals, has become a signatory of the United Nations Global Compact, joining the world’s leading voluntary corporate social responsibility initiative, with more than 9,500 participating companies from 160 countries.

Welspun India, one of the largest home textile manufacturers in the world, has introduced a patented, end-to-end traceability process Wel-Trak. This revolutionary process ensures that customers and consumers can trace the provenance of the cotton raw materials throughout the supply chain from farm to the retail shelf.

The 4th Morocco International Textile Machinery Fair will be opening between March 28-31, 2018 with the participation of domestic and international textile machine professionals. Morocco Textile Machinery will be attracting thousands of visitors from The Middle East the Arabian Gulf, Europe, Russia& CIS Countries.

Vietnam’s textile and garment industry has targeted a year-on-year increase of 10 per cent in export value to $34 billion in 2018 despite difficulties in markets at home and abroad, according to Le Tien Truong, General Director of the Vietnam National Garment and Textile Group (Vinatex). He recently reported Vinatex’s performance at a meeting in Hanoi.