Archive
International News Services archives articles supplied to clients one year or more after initial publication. These articles are protected by a password and not made available to readers without permission from clients. They are used as a background resource by agency journalists. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.
EU OFFERS EUR140 MILLION FOR TEXTILES RESEARCH – MORE MONEY TO COME FROM 2023
The European Commission has published details of the first themed grant calls in Horizon Europe, its seven-year EUR95.5 billion 2021-7 research funding programme, including at least six with obvious relevance to the textiles industry. The six calls are worth around EUR140 million in total, to be spent over the course of 2021-2022.…
INDIA CLOTHING AND TEXTILE EXPORTERS MULL FLYING WORKERS BACK TO FACTORIES AS ORDERS ROLL IN
India’s apparel and textile exporters are under huge pressure from their western buyers to meet contracts as the country’s devastating second wave of the Covid-19 pandemic eases. As a result, manufacturers have been flying-in workers who had returned to their home while the virus ravaged India’s cities and towns, depressing production capacity.…
CHINESE GUOCHAO PRODUCTS STRENGTHENING AS MARKET NICHE – BUT YET TO CHALLENGE INTERNATIONAL BRANDS IN CHINA
China’s ‘guochao’ trend is picking up ever more steam, and observers warn that it might push foreign clothing brands’ China sales out of the comfort zone before long.
Guochao, which literately translates into ‘national tide’, is mainly captivating China’s Generation Z, whose expenditure accounts for 13% of average household income, compared with 4% in France and Germany, according to a survey cited by the South China Morning Post in April.…
HIGH-TECH TURKEY EMBRACES INDUSTRY 4.0 DIGITALISATION IN ITS CLOTHING AND TEXTILE SECTOR
The Turkish garment and textile industry is investing heavily in Industry 4.0 across the manufacturing spectrum, as digitalisation and e-commerce becomes increasingly common place in the wake of the Covid-19 pandemic.
“The pandemic has changed everything, shaking the business from the top to the bottom.…
EU COUNTRIES FAILING TO COMPLY WITH PUBLIC UBO REGISTER RULES
Long after the January 10, 2020, deadline set by the European Union’s (EU) 5th anti-money laundering directive (5AMLD) (1) for member states to establish public ultimate beneficial ownership (UBO) registers, a Transparency International (TI) report (2) has alleged widespread non-compliance.…
SRI LANKAN INNOVATOR DEVELOPS ADDED VALUE FINISHING TECH, INCLUDING PLASMA DEVICES
Responding to the growing needs of an on-demand economy driven by small order quantities and nearshoring, Twinery – the innovation arm of Sri Lanka’s leading garment manufacturer MAS Holdings – has developed groundbreaking digital printing and coating solutions.
Last May (2020), Twinery introduced a new plasma-based chemical vapour deposition system adding coatings to textiles that offer functional benefits, such as water repellence, without using water.…
TECHNICAL ROUND UP - IASB CONSULTS ON MANAGEMENT COMMENTARY GUIDANCE
THE INTERNATIONAL Accounting Standards Board (IASB) is consulting on a new proposed comprehensive framework for companies preparing management commentaries to augment basic books, so this advice better informs investors. The IASB does not require accountants to release such additional analysis but warns that national regulators may require this going forward.…
VIETNAM’S PAINT SECTOR HIT BY COVID-19, BUT LOOKS FORWARD TO MEDIUM-TERM GREEN GROWTH
Covid-19 made 2020 an incredibly disruptive year for the global manufacturing sector and Vietnam’s paint and coatings sector did not escape the pandemic impact. This was despite that this south-east Asian country had an apparently low impact from the disease, with just 9,565 cases (as of June 9, 2021) and just 55 deaths from a 98 million population, albeit with a rash of new cases last month (June).…
IRELAND’S FISH FARMING EXPERTISE GIVES INDUSTRY EDGE IN GLOBAL MARKETS
The May (2021) acquisition by Irish animal health products firm Bimeda, of Seattle, USA-based AquaTactics Fish Health was low profile, but significant in highlighting Irish ambitions in the global aquaculture industry. The sector is growing globally, with production increasing to replace declining wild fishery stocks, in many cases fished to their maximum sustainable levels.…
ASIAN INTERNATIONAL REGULATORY ROUNDUP - TAIWAN UPGRADES CHEMICAL SAFETY CONTROLS
Taiwan’s Environmental Protection Agency (EPA) has announced amendments to the island’s Registration Procedures for New Chemical Substances and Existing Chemical Substances. In addition to delaying a registration period for the standard registration of existing chemical substances in response to the Covid-19 pandemic, it has added a number of simplified administrative and convenient measures to optimise registration applications, review and reporting requirements.…