16 September 2022, Mumbai:
The European textiles industry statement on the energy package: more and more incisive actions need to be taken with no further delay.
Last month, when gas wholesale prices reached the record level of 340€/MWh– triggering also sky-high electricity prices – the European textiles industry called on the European Union to adopt a wholesale price cap for gas.
The European associations representing the whole textiles’ ecosystem, welcome these proposals by the Commission.
An ambitious and meaningful European price cap on the wholesale price of natural gas is absolutely necessary.
Already in March 2022, with EU gas wholesale prices at 200€/MWh, the business case for keeping textiles production was no longer there.
The man-made fibres (MMF) industry for instance is an energy-intensive sector and a major consumer of natural gas and electricity in the manufacturing of its fibres.
The textile services sector is also struggling: with the critical nature of the service they provide, they require a considerable amount of energy to keep services.
Given the dire international competition in which the EU textiles industry operates, it is not possible to just pass on the increased costs to consumers.
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