Euratex warns of energy price toll on textiles companies
European textiles industry association Euratex has called on the European Commission and member states to urgently support the industry to avoid company closures due to energy price rises.
It said as there are few alternatives to gas in manufacturing, production costs are increasing sharply.
Euratex has presented 10 requirements to Kadri Simson, European Commissioner for Energy:
1. The apparel and textile industry needs a safe supply with sufficient green energy (electricity and gas) at internationally competitive prices.
2. The transformation of industry requires access to significant amounts of renewable energy at competitive costs. Additional investments in infrastructure will also be needed to guarantee access to new renewable energy supplies.
