Latest news with #textile
Yahoo
a day ago
- Business
- Yahoo
Bangladesh's BGBA, Air8 partner to boost textile export financing
The agreement with Air8 was signed at the BGBA office and aims to provide BGBA members with advanced working capital solutions and insights into global trade practices. The collaboration is designed to promote innovation, sustainability, and expansion in the textile sector with the goal of establishing Bangladesh as a key player among global garment exporters. The agreement sets forth joint initiatives to facilitate textile suppliers' access to liquidity, thereby enhancing supply chain efficiency. Additionally, it aims to support the sustainable advancement of Bangladeshi exporters. BGBA president Md Mofazzal Hosen Pabel said: 'We are excited to partner with Air8 to bring innovative financial solutions and to add value to our members. 'In times of economic uncertainty, having access to reliable financing and insights from industry experts is crucial for our growth. This MoU represents a significant opportunity for our members to thrive.' Air8, since its inception in 2021, has extended financing support to numerous suppliers internationally, achieving an annual gross merchandise volume (GMV) of over $1bn. The integration of Air8's technology-driven financial platform will offer members of the BGBA access to cost-effective financing options and tools for managing working capital and addressing specific challenges within the textile supply chain. Air8 president Alvin Ho said: 'By motivating the adoption of tech-based export financing for SMEs in the textile sector to grow, we believe the partnership with BGBA will benefit the industry by fostering a resilient supply chain. 'This partnership will enable SME exporters to access more global trade insights and working capital support to their sustainable growth.' The BGBA operates as a non-profit entity focused on self-regulation and is instrumental in advancing the growth of Bangladesh's Ready-Made Garment (RMG) sector by promoting international trade and industry collaboration. With Air8's technological expertise, BGBA members are expected to gain an improved competitive position and broaden their presence in international markets. The collaboration between members and Air8 is anticipated to lead to a more robust and innovative textile sector in Bangladesh. "Bangladesh's BGBA, Air8 partner to boost textile export financing" was originally created and published by Just Style, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
CNN
4 days ago
- Business
- CNN
How a small sugar company in Mauritius grew into an international conglomerate
Founded in Mauritius in 1912, the Ciel Group has since grown to a multinational company with a portfolio spanning several continents. CNN's Larry Madowo spoke to Group CEO, Guillaume Dalais, about the company's strategy for growth across the textile, agriculture, finance and healthcare industries.
CNN
4 days ago
- Business
- CNN
How a small sugar company in Mauritius grew into an international conglomerate
Founded in Mauritius in 1912, the Ciel Group has since grown to a multinational company with a portfolio spanning several continents. CNN's Larry Madowo spoke to Group CEO, Guillaume Dalais, about the company's strategy for growth across the textile, agriculture, finance and healthcare industries.
Associated Press
23-05-2025
- Business
- Associated Press
Bioplastics Industry Report 2025: Sales Data for 2023, Estimates for 2024, Forecasts for 2028, CAGR Projections through 2029, Profiles of BASF, Arkema, LG Chem., Mitsubishi, and LyondellBasell
DUBLIN--(BUSINESS WIRE)--May 23, 2025-- The 'Bioplastics Market' report has been added to offering. The Bioplastics Market was valued at USD 2.06 trillion in 2024, and is projected to reach USD 5.63 trillion by 2029, rising at a CAGR of 18.3%. Global market volume is estimated to increase from 2,431.9 kilotons in 2024 to reach 5,634.6 kilotons by 2029, at a compound annual growth rate (CAGR) of 18.3% from 2024 through 2029. This report will include details regarding various raw material types, applications and end-use industries for bioplastics. Estimated volumes, measured in kilotons, are based on manufacturers' total production. The report includes comprehensive information regarding the bioplastics industry and its end users. The growing packaging, automotive, textile and agriculture industries have established novel prospects for the bioplastics manufacturing industries. Technological advances in engineering plastics, agricultural mulching, electronics casings and manufacturing techniques create new doors for the bioplastics industry. The availability of raw materials and modest production procedures are prompting small and medium polymer producers to enter the market. Corporate sustainability initiatives further prompt global traditional plastics manufacturers to enter the bioplastics market. Global players in the market are reducing their dependency on fossil fuels and focusing on renewable raw materials for bioplastic production. These drivers provide an ideal environment for the market expansion of bioplastics. Report Scope Company Profiles Key Attributes: Key Topics Covered: Chapter 1 Executive Summary Chapter 2 Market Overview Chapter 3 Market Dynamics Chapter 4 Regulatory Landscape Chapter 5 Emerging Technologies and Developments Chapter 6 Supply Chain Analysis of the Global Bioplastics Markets Chapter 7 Market Segmentation Analysis Chapter 8 Competitive Intelligence Chapter 9 Sustainability in Bioplastics: Environmental, Social and Governance Perspective Chapter 10 Appendix For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on CONTACT: Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: INDUSTRY KEYWORD: BIOTECHNOLOGY CHEMICALS/PLASTICS HEALTH MANUFACTURING SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 05/23/2025 12:03 PM/DISC: 05/23/2025 12:02 PM
Zawya
12-05-2025
- Business
- Zawya
Egypt eyes garment export growth to attract foreign investment
Egypt's garment and textile sector is experiencing significant growth, buoyed by global economic shifts and a surge in foreign direct investment (FDI), according to Mohamed Abdel Salam, Chairperson of the Ready-Made Garments and Textiles Chamber at the Federation of Egyptian Industries. Abdel Salam noted that Egypt's favorable investment climate is attracting increased attention from international manufacturers, thanks to its strong economic fundamentals and competitive production environment. 'Egypt offers one of the most cost-efficient operational landscapes in the region,' he said. Recent studies highlight key advantages: electricity costs average $0.07/kWh in Egypt, compared to $0.12 in many other markets. Water prices range between $0.30 and $0.50 per cubic meter, while in competing countries they often exceed $1.50. Construction costs in Egypt range from $500 to $800 per square meter, nearly half of what they can be elsewhere. The country's VAT stands at 14%, compared to up to 18% in other nations, and wages remain competitive relative to regional benchmarks. 'These cost efficiencies have led numerous global players in the apparel industry to initiate or expand operations in Egypt,' Abdel Salam said, citing rising investor interest in establishing new projects across the sector. Among the most recent developments is the expansion of Turkish industrial conglomerate Shahinler Group, which is actively coordinating with Egyptian authorities to explore new investment opportunities. Shahinler Group Chairperson Kamal Shahin recently held meetings with Minister of Public Enterprises Mohamed El-Shimy and officials from the Industrial Development Authority, facilitated by the Chamber. The discussions focused on mechanisms for collaboration and plans to relocate parts of Shahinler's manufacturing operations to Egypt—specifically in cotton, spinning, weaving, and ready-made garment production. With exports to 170 countries, Shahinler has already invested $50m in Egypt. The group's expansion is expected to generate up to 3,000 new jobs and will require land allocations ranging from 50,000 to 100,000 square meters. Annual production from the new facilities is projected to reach 3 million pieces of formal wear. 'This is a clear signal that Egypt is not only a viable alternative but a preferred destination for global textile production,' Abdel Salam emphasized, adding that the sector's export-oriented growth strategy will continue to play a critical role in attracting foreign capital and creating employment. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. ( Daily News Egypt
