The Zurich-based Oeko-Tex® Association is marking the tenth anniversary of its MADE IN GREEN label—a milestone that highlights shifting priorities in the textile industry and the label’s growing role as a trusted standard for sustainability among brands and consumers. Introduced in April 2015 in response to the Rana Plaza factory disaster, the MADE IN GREEN […]
Global law firm Baker McKenzie [1] has advised Van Merksteijn Steel Group in its merger with Südwest Beteiligungen, a strategic move that strengthens the newly formed Reinforcing Steel Europe B.V. (RSE) as a leading producer and processor of reinforcing steel across Europe. The headquarters of RSE will be based in Almelo, the Netherlands. The merger […]
The Indian Finance Ministry has expressed support [1] for banks planning to challenge the Supreme Court’s recent decision that overturned JSW Steel’s ₹19,700-crore acquisition of Bhushan Power and Steel (BPSL). The ruling cited violations of the Insolvency and Bankruptcy Code (IBC), prompting lenders to argue that the court should have given greater weight to the […]
Syre Group, a subsidiary of Swedish fashion giant H&M, is set to invest up to $100 million in building a high-tech textile recycling complex in Binh Dinh province, Vietnam. The facility aims to establish Vietnam as a global leader in circular textile manufacturing. The planned “Gigascale” plant will have an annual capacity of 250,000 tonnes […]
The sustainability of South Africa’s steel industry [1] faces significant challenges, with government intervention now seen as essential to ensuring long-term competitiveness and economic stability. ArcelorMittal South Africa’s recent decision to close its Longs Business has underscored the need for policy-driven efforts to stabilize the sector. A strong steel industry can drive economic growth, create […]
Thyssenkrupp’s steel division announced on Wednesday that it has reached a preliminary agreement with the IG Metal union regarding the restructuring of Germany’s largest steel producer. The company emphasized its commitment to avoiding forced layoffs and cuts as part of the plan. Thyssenkrupp stated that the agreement comes after its earlier announcement of plans to […]
