. In a significant move towards advancing sustainable solutions, Lummus Technology and Sumitomo Chemical have announced two collaboration agreements aimed at licensing and commercializing proprietary technologies. These agreements mark a strategic partnership between two industry leaders in process technologies and environmentally friendly solutions.
Italy's renowned textile machinery sector is reinforcing its ties with Turkey, solidifying its position as one of the leading suppliers of cutting-edge technology to the Turkish textile and garment industry. With Turkey ranking as the second-largest foreign market for Italian textile machinery exports, valued at 183 million euros ($199.14 million) in 2023, the significance of this partnership cannot be overstated.
The Swedish Textile Machinery Association (TMAS) has recently been welcomed as the latest Associate Member of the International Textile Manufacturers Federation (ITMF), marking a significant expansion for the global textile manufacturing value chain.