Technosport, a leading Indian athleisure brand, has announced the launch of its revolutionary “Cotflex Collection,” a 100% Made-in-India activewear line designed to combine exceptional comfort, high performance, and significant sustainability benefits. At the core of the Cotflex Collection is the innovative Cotflex Fabric, a proprietary material developed by Technosport’s R&D team. This unique fabric offers […]
Shares of Jindal Steel and Power, Tata Steel, and other major Indian steel producers fell [1] sharply as renewed concerns over U.S. tariffs unsettled investors. The Nifty Metal index, which includes key steelmakers, emerged as the worst-performing sectoral index, reflecting broader market unease over global trade policy shifts. The downturn follows reports that the Trump […]
Nippon Steel Corp. has announced a substantial investment [1] of 868.7 billion yen to introduce electric furnaces at its domestic steel plants, marking a significant step toward decarbonization. The Japanese government, through the industry ministry, will provide up to 251.4 billion yen in financial aid to facilitate the transition from traditional blast furnaces to more […]
India’s steel ministry is advocating for an extension of import restrictions [1] on low-ash metallurgical coke, citing sufficient domestic supply as the primary reason. The move, however, has sparked concerns among steel manufacturers who argue that the curbs could hinder their expansion plans due to difficulties in sourcing preferred grades locally. The restrictions, initially imposed […]
The fashion brand Szabo Sihag, based in both London and India, is making waves by demonstrating that traditional Indian craftsmanship and sustainable practices are not just compatible, but inherently linked. Founded by Meghna Sihag and Krisztian Szabo, the label is committed to ethical production, waste reduction, and supporting local artisans across India. In an industry […]
Iran and China have signed an agreement [1] to export engineering services for the development of a sponge iron production facility in Kazakhstan, marking a significant step in regional steel industry collaboration. The project, led by Iran’s ASCOTEC Holding, will utilize Iran’s proprietary PERED technology to design and engineer a sponge iron plant with an […]
Salzgitter Mannesmann Stahlhandel GmbH, a Salzgitter AG company, has announced that it has agreed to sell its Austrian unit, Salzgitter Mannesmann Stahlhandel Austria, to the ECCO Group. As per this agreement, the ECCO Group is expected to take over assets, including its Graz and Gratkorn units in Austria. The Company stated that this decision aligns with its […]
Tata Steel UK has taken a significant step in its transition to sustainable steel [1] production by awarding a contract to JASO Industrial Cranes for the supply of high-capacity process cranes at its Port Talbot facility. This initiative is part of Tata Steel’s £1.25 billion investment in green steelmaking, aimed at reducing carbon emissions and […]
PGE and Ørsted have signed another contract [1] for the production and supply of secondary steel structures for the Baltica 2 offshore wind farm. The agreement, awarded to Grupa Przemysłowa Baltic, marks a significant step in Poland’s offshore wind energy development. Under the contract, Grupa Przemysłowa Baltic will manufacture boat landings and anode cages at […]
Online fashion retailer Shein has secured official validation of its net-zero greenhouse gas (GHG) emissions targets from the Science Based Targets initiative (SBTi). This endorsement confirms that Shein’s short- and long-term climate goals align with the SBTi’s rigorous net-zero standard, grounded in the latest climate science and the 2015 Paris Agreement objective of limiting global […]
The North Face is expanding its UK product repair offering through a new partnership with aftersales technology provider Prolong. In collaboration with its long-standing care and repair partner, ACS Clothing Ltd, this initiative aims to modernise and scale repair services with a focus on digital accessibility and customer convenience. The partnership introduces a streamlined system […]
The fashion industry is intensifying its focus on sustainable transformation, with particular attention to emerging legislative frameworks and advancements in textile innovation. This push comes as global discussions underscore the urgent need to reduce the sector’s environmental impact. Central to these efforts are developments in advanced fiber technologies. For example, Hyosung has been highlighting its […]
In response to mounting evidence of labour abuse, Italian legal and political authorities, alongside fashion industry associations and trade unions, have signed a joint action plan aimed at curbing exploitation in the country’s apparel and accessories supply chain. Italy is home to globally influential fashion houses such as Giorgio Armani, Dolce & Gabbana, Prada, and […]
Türkiye’s steel manufacturer Saritas Celik Sanayi has initiated a significant investment [1] in integrated stainless steel production, to enhance the country’s export capabilities and reduce dependency on imported materials. The new facility, located in the Yalova Machinery Specialized Organized Industrial Zone, will be developed in multiple phases, with full operational capacity anticipated by 2030. The […]
South Korea’s major steel player, Dongkuk Steel announced a temporary shutdown [1] of its Incheon rebar production plant, marking an unprecedented move in the company’s 71-year history. The decision, effective from July 22 to August 15, comes in response to a prolonged downturn in the construction sector and a persistent oversupply in the domestic steel […]
Thyssenkrupp Uhde and Uniper have formed a strategic partnership to advance a crucial technology for global hydrogen trade: large-scale ammonia cracking. This process is about breaking down ammonia catalytically at high temperatures into hydrogen and nitrogen, followed by purification to produce pure hydrogen. As an initial phase, the companies will construct a demonstration plant at […]
Rome has solidified its status as a global leader in sustainable fashion with the inauguration of the Phygital Sustainability Expo®, held at the historic Trajan’s Market. Organized by the Sustainable Fashion Innovation Society, this premier event showcases Italy’s commitment to eco-conscious fashion, drawing over 2,000 sustainable brands and key stakeholders from across Europe. The expo […]
Arabian Gulf Steel Industries (AGSI) has entered into a strategic Memorandum of Understanding (MoU) with Trojan Construction Group to fast-track the use of low-carbon materials and eco-friendly construction methods in the UAE. The agreement was signed at Make it in the Emirates 2025, underscoring the two companies’ shared dedication to supporting the UAE’s decarbonisation goals and […]
U.S. President Donald Trump has publicly backed Nippon Steel’s $14.9 billion bid [1] for U.S. Steel, but key uncertainties remain regarding the scope and structure of the deal. Trump’s comments, made via Truth Social, described a “planned partnership” between the two companies, promising the creation of at least 70,000 jobs and a $14 billion boost […]
The India Supreme Court has ordered a status quo on the liquidation proceedings [1] of Bhushan Steel & Power Ltd (BPSL), providing JSW Steel an opportunity to file a review petition against the court’s earlier ruling. The decision comes after JSW Steel challenged the Supreme Court’s May 2 verdict, which had rejected its ₹19,700 crore […]
Japanese sportswear brand Asics has announced it will cease sourcing kangaroo leather for its footwear, following in the footsteps of German brand Adidas, which recently confirmed it had ended the use of the material in its football boots. In a statement shared with Animal Wellness and the Center for a Humane Economy, Asics’s sustainability department […]
The Executive Board of thyssenkrupp AG has made significant progress in developing a strategic target model for the future course of the entire Group and will present its plans to the Supervisory Board of thyssenkrupp AG before the end of this fiscal year. The central strategy involves systematically divesting all business units of thyssenkrupp, making […]
Google has launched AI Mode, an advanced AI-powered shopping solution designed to simplify and personalise every stage of the online buying journey. By integrating the capabilities of its Gemini model with the expansive Shopping Graph, Google delivers a more intelligent, intuitive approach to browsing, comparing, and purchasing products. At the heart of this innovation is […]
In the ever-evolving world of sustainable fashion, red aloe vera has emerged as an unexpected but highly promising innovation. Known primarily for its medicinal and cosmetic uses, this vibrant variant of the aloe plant is now gaining traction in the textile industry. As the fashion world continues to seek out alternatives to water-intensive and environmentally […]
The stainless steel industry is anticipated to face ongoing difficulties throughout 2025, with no significant market recovery expected in the near term due to seasonal demand lows and persistently weak prices, according to reports on Kallanish. Joost van Kleef, chairman of the BIR Stainless Steel & Special Alloys Committee and representative of Oryx Stainless, shared […]
Japan Steel Works (JSW) is set to commence local production [1] of the Patria AMV 8×8 wheeled armored vehicle in September, marking a significant milestone in Japan’s defense manufacturing capabilities. The initiative follows a technology transfer agreement with Finnish defense firm Patria, which selected JSW as its licensed production partner. The Patria AMV was chosen […]
South Africa’s Council for Scientific and Industrial Research (CSIR) has successfully produced [1] 316L stainless-steel powder using a newly commissioned ultrasonic atomizer machine, marking a significant step toward localizing additive manufacturing (AM) materials. The machine, co-funded by the National Research Foundation (NRF), enables CSIR to provide high-quality metal powders tailored for powder bed fusion techniques, […]
According to provisional government data reviewed by Reuters on Thursday, India’s finished steel imports dropped by 11.3% year-on-year in April, reaching 0.5 million metric tons, as shipments from China and Japan declined. To counter a flood of low-cost steel imports, primarily from China, India imposed a 12% provisional safeguard duty on select steel imports in […]
Liberty Steel has not produced anything at two of its key UK plants since July, in a sign of the deep financial difficulties for Britain’s third-biggest steelmaker as it looks for rescue funding. The plants at Rotherham in South Yorkshire and Motherwell in Scotland have not produced any steel for about nine months because of […]
Cambridge-based start-up Sparxell has secured €1.9 million in funding from the European Innovation Council (EIC), a significant endorsement of its pioneering plant-based colourant technology. The EIC award supports disruptive innovations with global impact, positioning Sparxell to tap into the $48 billion global colourants market. The funding will enable the company to scale up to tonne-level […]
The UK’s used textiles sector is on the brink of collapse, prompting warnings from environmental NGO WRAP about escalating costs and environmental consequences. Currently, textile collectors and sorters spend £88 million annually managing worn-out clothing. Should the sector fail, local authorities could face an additional £64 million per year in disposal fees, on top of […]
SBM Offshore has officially commenced fabrication of the GranMorgu floating production, storage, and offloading (FPSO) vessel, marking a milestone [1] in Suriname’s first offshore oil development. The first steel cut ceremony took place at BOMESC Shipyard in Tianjin, China, signaling the start of topsides module construction. The GranMorgu FPSO is being developed for TotalEnergies’ $12.2 […]
Shares of BMW Industries witnessed a sharp rally of nearly 12% in Wednesday’s intraday trading after securing a significant order worth ₹364.69 crore from Tata Steel. The steel processing company’s stock surged to ₹59.7 per share, marking its biggest intraday gain since May 5, before settling 4.5% higher at ₹55.8 apiece. The contract, awarded to […]
Nyana Nyana Eco Fashion, an Indonesian-Singaporean social enterprise, is spearheading a sustainable fashion movement by reviving traditional batik using eco-friendly practices. Recognizing the environmental harm caused by synthetic dyes and fabrics, the brand emphasizes the use of certified organic textiles, natural plant-based dyes, and upcycled materials, collaborating closely with rural artisans across Java and Singapore. […]
Kornit Digital Ltd., a global leader in sustainable, on-demand digital fashion and textile production technologies, has announced a strategic partnership with MAS Holdings through its subsidiary MAS ACME USA—a comprehensive supply chain orchestration hub based in North America, serving sustainable fashion and apparel brands. This agreement empowers MAS customers, retailers, and brands to embrace data-driven […]
JSW Steel has formally requested a ₹19,300 crore refund from banks [1] following the Supreme Court’s decision to cancel its 2019 acquisition of Bhushan Power and Steel Ltd. (BPSL). The ruling, issued earlier this month, cited multiple compliance failures and directed the liquidation of BPSL. JSW Steel has also sought a 60-day delay in the […]
NMDC Group, a leading global player in engineering, procurement, construction (EPC), and marine dredging, has entered into a Memorandum of Understanding [1] (MoU) with Jiangsu Juxin Petroleum Steel Pipe to explore potential collaboration. The agreement, signed during the Make it in the Emirates (MIITE) event, aligns with the UAE’s broader industrial growth strategy and strengthens […]
Engineer Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL, announced that the company has added around AED 6.2 billion to Abu Dhabi’s Gross Domestic Product (GDP). In statements to the Emirates News Agency (WAM) during the Make it in the Emirates 2025 forum, Engineer Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL, highlighted the company’s substantial role […]
Green energy downsizing won’t derail Fortescue’s transition, according to Forrest. Andrew Forrest, Fortescue’s billionaire chairman, cautions that Chinese firms are modernizing plants and shifting to cleaner iron ore, leaving Australian miners vulnerable if they don’t adapt. As the major shareholder of Australia’s third-largest iron ore producer behind BHP and Rio Tinto, Forrest notes all three […]
French luxury fashion house Balenciaga has appointed Pierpaolo Piccioli as its new creative director, effective July 10, 2025. This marks a significant shift for the brand following the departure of Demna, who is set to join Gucci. Piccioli, renowned for his 25-year tenure at Valentino, where he served as sole creative director from 2016 to […]
India is now responsible for over 40% of global steelmaking capacity in development (352 mtpa) compared to just 140 mtpa in China. Analysis shows India’s planned steel capacity, which is larger than China’s and the EU’s combined, must leverage EAF and DRI to keep industry emissions within climate targets. A recent analysis shows that electric […]
Nippon Steel has outlined plans to invest $14 billion [1] in U.S. Steel’s operations, including up to $4 billion for a new steel mill, as part of its ongoing bid to secure approval for a merger with the iconic American steelmaker. The Japanese company’s latest investment pledge comes ahead of a crucial national security review […]
Aldar has made history as the first developer in the Middle East and North Africa (MENA) region to integrate hydrogen-based steel rebar [1] into its construction projects. This groundbreaking move, in partnership with EMSTEEL Group, marks a significant step toward decarbonizing the built environment and advancing sustainable construction. The hydrogen-based steel rebar will be used […]
India’s ambitious plans to double steel production [1] by 2030 could severely undermine national and international climate goals, according to a new report by Global Energy Monitor (GEM). The findings highlight the country’s overwhelming reliance on coal-based steelmaking, raising concerns about its ability to curb carbon emissions in line with global efforts. Steel production is […]
Kobe Steel and Mitsubishi UBC Cement Corporation (MUCC) have partnered to explore the feasibility of producing black pellets—a cutting-edge raw material and fuel with the potential to drastically cut CO₂ emissions. According to reports, Black pellets are made by thermally treating conventional wood pellets (known as white pellets), transforming them into a high-energy fuel with […]
Circ, a textile recycling innovator and partner of environmental non-profit Canopy, has secured €450 million ($500 million) in funding from the French government and the European Union to establish the world’s first commercial-scale polycotton recycling facility. The plant will be built in Saint-Avold, north-eastern France, and is scheduled to begin operations in 2028. The facility […]
AMA Herbal showcased its innovative and eco-friendly VegeFeel bio-based textile solutions at the recent Denim & Jeans Expo in Bengaluru. The event drew significant attention from experts, manufacturers, and textile designers, both from India and abroad. AMA Herbal presented VegeFeel™, a 100% bio-based, formaldehyde-free de-ironing solution that reduces the need for ironing. This groundbreaking product […]
HES International B.V. and Binding Solutions have signed a Memorandum of Understanding (MoU) to explore the feasibility of establishing an iron ore cold pelletizing facility at HES’s HBTR terminal in Rotterdam, the Netherlands. HES is a European provider of bulk handling services for industrial customers across the continent. BSL is a technology company that has […]
Thailand’s Board of Investment (BOI) has approved a series of measures [1] aimed at mitigating risks posed by global trade policies, including the removal of investment incentives for solar panel and downstream steel manufacturing. The decision, announced on Monday by BOI Secretary General Narit Therdsteerasukdi, reflects the government’s broader strategy to strengthen Thai businesses, particularly […]
The global steel wire rod market is showing both stability in some key regions and growing concerns of oversupply in others. The current market for the US and Germany is providing a rare period of price and demand stability. However, China’s weakening demand alongside the rising production is dragging the prices downward. Reports show that […]
In a decisive move, Adidas has officially ended the use of kangaroo leather in its products. The announcement came during the company’s annual shareholders’ meeting on Thursday, where CEO Bjørn Gulden revealed that the use of kangaroo leather had already been quietly discontinued several months earlier. The decision follows direct appeals from animal welfare advocates, […]
Iconic French sportswear brand Lacoste is making significant strides in promoting sustainability across its operations, demonstrating a growing commitment to environmental responsibility and a circular economy. Through a range of initiatives, the company is addressing various aspects of its impact, from raw material sourcing to product end-of-life. A key pillar of Lacoste’s sustainability strategy, dubbed […]
Billionaire investor Daniel Loeb’s hedge fund, Third Point [1], has disclosed significant stakes in U.S. Steel and Kenvue, as revealed in its latest 13F filing. The firm owned 12.2 million shares of U.S. Steel at the end of the first quarter, signaling confidence in the company’s pending merger with Japan’s Nippon Steel despite ongoing regulatory […]
Iraq has commissioned a 600,000-tonne-per-year steel mill [1] in Basra, more than a decade after awarding the project to Italy’s Danieli Group. The facility, inaugurated by Industry and Minerals Minister Khaled Al-Najm, is expected to support the country’s post-conflict reconstruction efforts and meet growing demand for steel. The project, valued at IQD400 billion ($305 million), […]
The Sajjan Jindal Family Trust has sold a 2% stake in JSW Infrastructure Ltd, India’s second-largest commercial port operator, for ₹1,210 crore to institutional investors, including the Singapore government, to finance the potential takeover of AkzoNobel India. The trust divested 0.88% of its JSW Infra shares worth ₹531 crore to the Singaporean government via block […]
Labubu, the quirky elf-like plush toy with sharp teeth and a mischievous grin, has become a cultural phenomenon, capturing the attention of collectors and fashion enthusiasts worldwide. Created by Hong Kong–born artist Kasing Lung, Labubu debuted in 2015 as part of The Monsters, a story series influenced by Nordic mythology. Since then, over 300 variations […]
Iraq’s Minister of Industry and Minerals, Khalid Battal Al-Najm, inaugurated the launch of two major industrial projects in Basra on Wednesday, May 14, 2025, marking a key step in bolstering industrial growth in the country’s economic capital. The move focuses on the government’s commitment to expanding Iraq’s industrial base and driving economic development in the […]
South Africa-based Sneaker LAB, a brand specializing in sustainable sneaker care products, has officially entered the Indian market with a new campaign fronted by former South African cricketer AB de Villiers. The campaign aims to capitalize on the growing sneaker culture in India, coupled with an increasing consumer focus on sustainable fashion and product care. […]
Recover™, a global leader in sustainable materials science and a large-scale producer of high-quality recycled cotton fibre and blends, has announced a strategic joint venture with Intradeco, a vertically integrated textile manufacturer and major player in the global apparel sector. This partnership is set to transform textile production in the Western Hemisphere by scaling the […]
Turkey’s iron ore imports fell 17.3% year-on-year in the first quarter of 2025 [1], totaling 2.09 million metric tons, as crude steel production slowed. The value of these imports also declined 35.4% to $228.52 million, reflecting weaker demand. In March alone, Turkey imported 951,292 metric tons of iron ore, marking a 176.6% increase from February […]
Iranian billet export prices [1] have remained stable at $410-420 per tonne FOB for standard grades, as weak demand continues to weigh on the market. Buyers in the United Arab Emirates and Oman are exercising caution, citing concerns about the risk associated with Iranian supply due to potential non-compliance with ECAS certification, a key requirement […]
The European Union is set to impose significantly higher tariffs on Ukrainian imports in the coming weeks, according to a Financial Times report citing diplomatic sources. The move could strain Kyiv’s economy during a critical phase of its war against Russia. The FT reports that the EU’s new proposal, circulated to member states, would severely reduce tariff-free […]
The National Company Law Tribunal (NCLT) has adjourned its hearing on a petition filed by Sanjay Singhal, former promoter of Bhushan Power & Steel Ltd (BPSL), to June 26. Singhal approached the tribunal seeking enforcement of the Supreme Court’s recent ruling, which quashed the ₹19,700 crore resolution plan proposed by Sajjan Jindal-led JSW Steel and […]
Pakistan and Russia have agreed to establish a new steel mill in Karachi [1], marking a significant step in strengthening bilateral ties and expanding industrial collaboration. The agreement was finalized during a meeting between Russian representative Denis Nazaroof and Special Assistant to the Prime Minister (SAPM) Haroon Akhtar Khan, where both sides engaged in extensive […]
Shares of major Indian steel companies, including Tata Steel, SAIL, JSPL, and JSW Steel, saw notable gains [1] in Wednesday’s morning trades, following India’s firm stance against U.S. tariffs at the World Trade Organization (WTO). Tata Steel led the rally, with its share price opening at ₹151.20, slightly above the previous day’s close of ₹149.50, […]
Lockheed Martin (NYSE: LMT) and Arabian International Company for Steel Structures (AIC Steel) have celebrated a major milestone [1] in their collaboration on the Terminal High Altitude Area Defense (THAAD) Weapon System. The achievement marks the completion of the first locally-produced components for the THAAD launcher, strengthening Saudi Arabia’s defense industrial capabilities. Lockheed Martin Missiles […]
In a significant move towards influencing European Union sustainability policies, Better Cotton, the world’s largest cotton sustainability program, has become the latest member of the Policy Hub coalition. This alliance, formed in 2019, brings together various stakeholders to collaboratively shape and harmonize crucial EU regulations impacting the textile sector. By joining the Policy Hub, Better […]
Union Steel and Heavy Industries Minister H. D. Kumaraswamy on Tuesday stressed the need for intensified research to curb pollution in the steel sector while reviewing the performance of his ministries. He also urged the Heavy Industries Ministry to boost domestic electric vehicle (EV) manufacturing, emphasizing greater support for local production. According to an official […]
A new development in stainless steel technology has been said to have the potential to transform global green hydrogen production, making clean energy more affordable and sustainable. This innovation could significantly reduce costs and enhance the efficiency of generating hydrogen using renewable energy sources. Scientists at the University of Hong Kong, headed by Professor Mingxin […]
Primark has brought its Love It for Longer clothing repair workshops to the United States as part of its wider sustainability strategy. Initially launched in 2022 under the Primark Cares initiative, the free workshops aim to encourage customers to extend the life of their garments through basic repair and upcycling techniques. Offered in-store at no […]
The innovative sustainable materials company Celys has appointed Gianluca Paladini as its new Sales Director for the EMEA region. Based in Italy, Gianluca will lead commercial strategy and operations across Europe, the Middle East, and Africa, with a strong emphasis on engaging sustainability-focused brands. Bringing extensive expertise in textiles, fashion, and brand management, Gianluca has […]
Iran’s steel industry recorded a mixed performance [1] in the first month of 2025, with steel product output declining while crude steel production saw an increase, according to the latest data from the World Steel Association (WSA). Steel product output stood at 1.812 million tons, reflecting a 1.2% year-on-year decline compared to 1.851 million tons […]
E-commerce giant Amazon is set to roll out a new, low-cost delivery service in the UK, reportedly named “Haul.” This service aims to compete with budget parcel carriers by offering significantly cheaper shipping options for customers. While specific details about the pricing structure and the exact launch date remain unconfirmed, reports suggest that “Haul” will […]
India has announced plans to impose countervailing duties on U.S. imports in accordance with WTO regulations, responding to America’s steel and aluminum tariffs implemented as protective measures. A WTO notification reveals these U.S. trade restrictions affect approximately 7.6 billion worth of Indian exports, potentially generating about $1.91 billion in tariff revenues. In April, India initiated WTO […]
As part of its commitment to decarbonize operations in Oman and shift toward renewable energy, Vale in Oman has signed a Head of Agreement (HOA) with OQ Alternative Energy (OQAE) during Oman Sustainability Week. This agreement outlines a collaborative framework to develop renewable energy solutions for Vale’s pelletizing plant in Sohar Port, while also supporting future energy requirements for the planned Green Metallic Mega […]
Tata Steel shares gained momentum ahead [1] of the company’s March quarter earnings announcement, scheduled for May 12. At 10:30 am, the stock was trading at ₹147.97 per share on the National Stock Exchange (NSE), reflecting a 3.47% increase. In a May 8 exchange filing, the Tata Group firm confirmed that its board would convene […]
Textile innovator Unifi, the company behind the well-known REPREVE recycled fiber, has introduced its latest offering: Fortisyn. This new yarn is engineered for exceptional durability, specifically targeting demanding applications in the tactical and workwear sectors. Unveiled at Techtextil North America in Atlanta, Georgia, Fortisyn boasts significantly enhanced abrasion resistance, along with superior tear and tensile […]
The Netherlands-based Oryx Stainless Group, a supplier of recycled stainless steel raw materials, recently inaugurated its new facility in Johor, southern Malaysia. The company stated that this plant will enhance the global circular economy for stainless steel. “The site reinforces the region’s position as a strategic hub for sustainable industrial growth,” states Oryx. The company […]
MySize, Inc., an AI-driven retail solutions provider with a market capitalisation of $2.66 million, has acquired the key assets of Percentil, a second-hand fashion marketplace previously operating in Spain, France, Germany, and Italy. The acquisition was completed through MySize’s newly formed Spanish subsidiary, following Percentil’s insolvency proceedings. This strategic move supports MySize’s broader vision to […]
Eva Serrano, Global Brand President of Calvin Klein, is stepping down, parent company PVH Corp. has confirmed. She will be succeeded by David Savman, PVH’s Global Head of Operations and Chief Supply Chain Officer, who joined the company in 2022. In 2024, Savman also served as interim CEO for PVH Europe. Under Serrano’s leadership, Calvin […]
As the fashion industry grapples with its significant environmental footprint, artificial intelligence (AI) and various technologies are emerging as crucial catalysts for a more sustainable future. From optimizing resource use to fostering circularity, these innovations are quietly revolutionizing how garments are designed, produced, consumed, and recycled. AI is proving instrumental in minimizing waste at the […]
Nippon Steel has reaffirmed its position [1] on the planned acquisition of US Steel, stating that its intention to take full ownership remains the foundation of ongoing negotiations with the U.S. government. The Japanese steel giant emphasized that it continues to present a variety of proposals in discussions with U.S. authorities, as the review process […]
According to a senior official from the country’s ruling party, Zimbabwe’s iron and steel industry is undergoing a revival [1], driven by increased production from Dinson Iron and Steel Company (DISCO), a Chinese-invested firm. Christopher Mutsvangwa, a politburo member and spokesperson for the Zimbabwe African National Union-Patriotic Front, highlighted the growing steel exports and their role in […]
Glimpact, a leading platform for evaluating the full environmental impact of products and organisations, has introduced the Global Impact Score—North America’s first publicly accessible tool for assessing the key drivers of environmental footprints across fashion products. More than a simple measurement tool, the Global Impact Score enables users to pinpoint the most effective strategies for […]
Global steel and mining leader ArcelorMittal has begun delivering renewable energy to AMNS India in Gujarat, sourced from its 1-gigawatt (GW) hybrid solar and wind power facility in Andhra Pradesh. The $700 million project was developed, built, and operationalized by AM Green Energy, a fully-owned subsidiary of ArcelorMittal. The company stated that, “the largest renewable […]
German sustainable fashion label Armedangels has partnered with the Wikimedia Foundation, the non-profit organization behind Wikipedia, for a new capsule collection that highlights the importance of free and open access to information and sustainable practices. The collaboration, titled “For Fact’s Sake: Think Responsibly,” combines fashion with a message of environmental and social responsibility. The limited-edition […]
Spanish steelmaker Acerinox reported an 81% decline in first-quarter [1] net profit compared to the same period in 2024, citing weak stainless steel demand in Europe and ongoing global trade uncertainties. The company posted a net profit of 10 million euros ($11.28 million) for the quarter, a sharp drop from 53 million euros a year […]
British Steel has announced plans to recruit more than 180 new employees [1] as it prepares to increase iron and steel production, marking the first significant expansion since the UK government intervened to prevent the shutdown of its blast furnaces. The company is hiring 165 workers in Scunthorpe and an additional 17 across its Teesside […]
According to UK based research firm’s recent reports by IDTechEx [1], Hydrogen-powered steel production may remain out of reach for more than a decade unless significant cost reductions and infrastructure advancements are made. Despite hydrogen-based direct reduced iron (DRI) projects leading the green steel transition in regions such as Europe, the Middle East, the US, […]
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 […]
HUGO BOSS has launched NovaPoly, an advanced recycled polyester yarn developed in collaboration with suppliers Jiaren Chemical Recycling and NBC LLC. The company holds the trademark and exclusive usage rights for the first year, signalling its commitment to reshaping industry standards. Part of the BOSS THE CHANGE initiative, NovaPoly will debut in select BOSS Green […]
A steelmaking association representing producers in Malaysia and neighboring ASEAN (Association of Southeast Asian Nations) countries has indicated that rising steel imports and perceived unfair trade practices are harming the profitability of regional steel producers. South East Asia Iron and Steel Institute (SEASAI) claims that Malaysia’s Ministry of Investment, Trade, and Industry is overlooking the […]
The Met Gala 2025, a high-profile fashion event, prominently featured a 63,000-square-foot carpet crafted with sustainability in mind. The deep blue carpet, adorned with golden daffodils, was supplied by Neytt by Extraweave, an Indian design house based in Kerala. This marks the third consecutive year that Neytt has provided the carpet for the Met Gala, […]
India’s Tata Steel has announced a US$1.18 billion investment to expand iron ore production across its Noamundi, Joda, and Katamati mines, aiming to boost annual output from 40 million tons to 55 million tons. The company’s General Manager for Ores, Mines & Quarries (OMQ), Atul Bhatnagar, emphasized Tata Steel’s commitment to strengthening its raw material […]
