EURATEX announced today, that latest data suggest a situation worse than 2009 as turnover fell by nearly 25% in the textiles industry, and by 35% in the clothing sector. On the other hand, imported textile products from China increased sharply. EURATEX asks the European Union to quickly implement what has been promised and develop a resilient industry.
EURATEX plans to transform the crisis into an opportunity and become more digital, sustainable and agile. Endorsed by the last General Assembly, the renewal will be driven by the “strategy for recovery from the COVID-19 era” together with five flagship initiatives in critical areas. To guide the European textile and clothing industry towards its renaissance, the GA re-elected Alberto Paccanelli as President.
The European textiles and clothing sector needs urgent support in order to remain a strategic pillar of the European economy, wrote Euratex.
The European textiles and clothing sector cares about circularity of its products. The industry is re-inventing itself to offer solutions that are workable and make a sustainable impact.