Latest Emerging Markets News
Middle East targeted for Muslim fashion exports from Indonesia
Indonesia is targeting five Middle Eastern countries – Iran, Turkey, Saudi Arabia, Pakistan and Egypt – as potential export destinations for Muslim fashion products.
Romanian industrial holding makes €6.5m investment in Moldova
ROCA Industry, the industrial holding company listed on the main market of the Bucharest Stock Exchange, has invested more than €6m (US$7m) in its operations…
Syre plans investment to turn Binh Dinh into a circular textile hub
Syre, a joint venture initiated by Vargas Technology Investment and H&M Group, has revealed ambitious plans to invest up to US$1bn in establishing a polyester…
Belarusian underwear manufacturer to launch production facility in Russia
Mark Formelle, a Belarusian manufacturer and retailer of underwear and clothing, is to launch a large production facility in the Uspensky Technopark in Russia’s Moscow…
Turkish holding in Bulgaria faces bankruptcy
More than 400 workers at Dinateks Bulgaria have been left without work, with hundreds waiting for 3–6 months’ worth of salaries.
Philippines' DOST-PTRI sees textiles rising again through innovation
The Philippine textile industry is experiencing a resurgence, driven by innovation, sustainability and cultural appreciation, according to Dr Julius Leaño, director of the Department of…
China’s Welong to build ‘green’ fibre plant in Indonesia
Welong New Materials, a Chinese supplier of “eco-friendly” coloured polyester filaments, has unveiled plans to invest up to CNY500m (US$69m) to build a “green” man-made…
Global brands urged to support fair wages for Cambodian workers
IndustriALL Global Union is calling on brands and retailers sourcing from Cambodia to sign an agreement to improve wages and working conditions for the country’s…
Benetton to shut down production in Serbia
Italy-based Benetton Group, has decided to shut down operations in Serbia, as was previously done in Croatia and Turkey, according to a report published by…
Singapore's Nibertex raises pre-Series A funding
Deep-tech start-up Nibertex, a pioneer of waterproof breathable membranes, has closed its pre-Series A funding round with participation from Foxmont Capital Partners and ADB Ventures,…