Investing In The Textile And Clothing Factories Of The Future In Europe

BRUSSELS — June 8, 2018 —  The topic of this year’s EURATEX General Assembly, held in Brussels on June 7, was Investments in the Textile and Clothing factories of the future in Europe. The event attracted more than 120 attendees and offered an opportunity to gain interesting insights about a dynamic moment in which the sector is regaining a leading position in the EU industrial landscape. Indeed, over the last few years the Textile and Clothing Industry has invested over 50 billion euros in the European Union — a trend that is predicted to continue in the future.

Moderated by John Scrimshaw of the World Textile Information Network (WTiN), the conference opened with welcoming remarks from EURATEX president Klaus Huneke, who mentioned “the unprecedented wave of young innovative textile and fashion companies that are currently being created across Europe” and stressed that “not only young entrepeneurs innovate and take risks. In the last few years we have witnessed a strong return of business confidence across the entire European textile and clothing industry”.

Keynote speaker Irmfried Schwimann, Deputy Director-General of DG Grow, followed with an exhaustive overview of the financial instruments and funding opportunities available from the European Union.

The main discussion was divided in two panels, focused on investment trends in recent years and visions for the industry in the future, respectively.

CEOs and representatives from seven European companies presented their success stories and shared their first-hand experience in facing the challenges of the sector, from the need of skilled workforce, efforts in moving to sustainable processes and materials, and surpassing barrier regulations that can hinder exports.

Posted June 8, 2018