GR3N Raises €15.5m for Polyester Recycling Plant
Swiss chemical‑recycling firm GR3N announced a €15.5 million financing round, roughly $16.9 million, to build an industrial‑scale PET and polyester recycling plant in Spain. The round was led by venture capital firm 360 Capital, with VP Textile joining as a new investor and Growth Capital acting as financial adviser. The funding will enable GR3N to scale its proprietary chemical‑recycling technology, turning post‑consumer polyester waste into virgin‑quality feedstock. The plant is expected to support Europe’s circular‑economy targets for textiles.
Egypt Plans US$2bn Carbon-Neutral Textile City
Egypt announced a Chinese‑backed plan to build a $1.5‑$2 bn integrated carbon‑neutral textile city in Port Said, named Egyptian Textile Industries City – Cloud Chain. The hub will be the first fully green textile manufacturing complex in the Middle East and...
Loop Targets Textile Recycling Scale-Up with India Facility
Loop Industries announced a memorandum of understanding with the Government of Gujarat to develop its first commercial‑scale textile‑textile recycling plant in the Bharuch industrial corridor. The partnership provides land, regulatory support and incentives to build a facility that will convert...
Shein Buys Everlane in US$100m Deal, Reports Claim
Chinese fast‑fashion giant Shein is reported to be acquiring US apparel brand Everlane for roughly $100 million, according to Puck News and subsequent coverage. The deal, valued at about $100 million, would bring Everlane’s sustainability‑focused lineup under Shein’s expansive e‑commerce platform. Neither...
U.S. Cotton LCA Claims Negative Carbon Footprint
A new ISO‑conformant life‑cycle assessment, commissioned by Cotton Incorporated and performed by WSP USA, finds that U.S. cotton can achieve a negative greenhouse‑gas footprint when biogenic carbon storage is accounted for. The study evaluates the emissions associated with producing one...
EU Customs Probe Uncovers China Textile Diversion Scheme
EU anti‑fraud officials uncovered a suspected textile diversion scheme in which Chinese‑origin fabrics were declared as transiting to Africa but were instead kept within the European market. The investigation, coordinated by customs authorities across several member states, revealed that the...
Chinese Apparel Exports to US Plunge 53 per Cent in Q1
Chinese apparel shipments to the United States plunged 53% in value during Q1 2026, falling to $1.70 bn from $3.61 bn a year earlier. The decline, based on OTEXA data, signals a rapid reallocation of sourcing away from China toward other low‑cost...
BGMEA, GIZ Sign Bangladesh RMG Transition Deal
Bangladesh’s Garment Manufacturers and Exporters Association (BGMEA) has signed a memorandum of understanding with Germany’s development agency GIZ, covering May 2026 to February 2028, to boost sustainability in the ready‑made garment sector. The partnership will work with government ministries on energy‑efficiency, renewable‑energy...
Lenzing Revenues Slide 10.8 per Cent Year on Year
Lenzing Group reported first‑quarter revenue of €615.7 million (about $671 million), a 10.8% year‑on‑year decline from €690.2 million ($752 million) a year earlier. The drop was driven by weaker sales of its cellulosic fibres and by lower pulp prices that squeezed margins. The Austrian...
USFibers Secures Investment for Recycled Polyester Expansion
USFibers announced that it has secured new capital from Glisco Partners and Orion Infrastructure Capital to fund an expansion of its U.S.-based recycled polyester fiber operations. The investment will be used to increase production capacity and broaden the company’s footprint...
France Fines Refashion over Uncollected Textiles
France’s extended producer responsibility (EPR) scheme for textiles fined Refashion €170,000 (about $185,000) for failing to meet mandatory collection targets. The penalty underscores the French regulator’s tightening enforcement of the continent’s most sophisticated textile‑waste system. Refashion must now address logistical...
Shahi Exports to Scale Cotton Pre-Treatment Technology
Shahi Exports, one of India’s largest garment manufacturers, has teamed up with US‑based Innovo Fiber to commercialize a low‑impact cotton pre‑treatment process. Pilot trials demonstrated roughly a 25% reduction in water usage and a 49% cut in steam consumption. The...
Debrand Report Lifts Lid on Used Textile Pathways
Debrand has published its inaugural transparency report, mapping the flow of post‑consumer and used textiles through reuse, recycling, upcycling and disposal channels. The data reveals how much material each pathway receives, offering the first granular look at the industry’s circularity...
Bezos Earth Fund Grants Target Next-Gen Fibres
The Bezos Earth Fund announced $34 million in new grants to accelerate research on next‑generation textile fibres. The funding targets alternatives that mimic rayon, silk and cotton while lowering the environmental footprint of conventional production. Recipients will develop bio‑based, recycled or...
Temu, Shein Cost German Economy €2.4bn a Year: Study
German retail association HDE commissioned IW Consult to quantify the economic impact of low‑cost Chinese e‑commerce platforms Temu and Shein. The study finds the two sites strip roughly $2.6 bn of added value from the German economy each year, erode tax revenues...