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.
TRUMP’S LATEST DUTIES ON CHINESE EXPORTS COULD RAISE US WASTE OIL IMPORT COSTS
THE CHINESE oil sector is facing potential increases in prices when exporting waste fuel oils, waste fuel and waste kerosene to the USA from September 1, with US President Donald Trump announcing that more tariffs – of 10% – will be imposed on Chinese exports from that date.…
EU ROUND UP – ECHA LAUNCHES ORGANIC POLLUTANT PROBE
THE EUROPEAN Chemicals Agency (ECHA) has started looking for persistent organic pollutants (POPs) that it may advise be restricted internationally through the Stockholm Convention on Persistent Organic Pollutants, and hence within the European Union (EU).
This new role for the agency, which could impact the use and availability of coatings and their chemical ingredients, was mandated under a new EU regulation on persistent organic pollutants (POP), that came into force in June – see https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32019R1021&from=EN…
EASTERN EUROPEAN PAINT AND COATINGS MARKET SHOW SOLID STABILITY AS ECONOMIES GROW STEADILY
FAR from being the zone of volatility of the 1990s, eastern and central Europe’s economies and hence their paint and coatings markets, are enjoying stability and steady growth. In Croatia, for instance, according to market researcher Euromonitor International data, the paint and coating industry posted revenues of USD147 million, USD 2 million more than in 2017.…
PAINT RECYCLING INITIATIVES GROW IN SCALE- OFFERING NEW RECYCLED MATERIALS AND RE-USE OF PAINT FOR POOR COMMUNITIES
As recycling schemes collecting waste paint become more common worldwide,
innovation within the field is being encouraged and rewarded.
Some manufacturers have developed processes to mix waste products with virgin paint to create reformulated paint for retail. Other organisations are supporting underprivileged community groups with free paint to protect and decorate public buildings.…
GLOBAL DECOMMISSIONING INDUSTRY GROWS AS OI AND GAS OFFSHORE STRUCTURES REACH END OF OPERATIONS
A WAVE of oil and gas structure decommissioning in the North Sea, a steady continuing flow in the USA’s Gulf of Mexico fields, and a similar longer-term challenge in south-east Asia are concentrating minds on the infrastructure needed to dismantle such equipment safely.…
CHINA’S HUGE PAINT MARKET IS VULNERABLE IF GENERAL ECONOMIC GROWTH STARTS TO SLOW
China accounted for 38% of global paint output in 2018, according to the China National Coatings Industry Association (CNCIA), but its share of the global revenue was 33.4%, suggesting the pricing power of Chinese output is weaker. Industrial coatings accounted for 64.7% of the total output of 21.15 million tonnes (this figure is based on ‘enterprises of scale’ so does not count output by small, cottage companies) according to the CNCIA.…
CHINA UPSTREAM TEXTILE PRODUCERS FACE DEMAND DROUGHT AS US TRADE WAR INTENSIFIES
Chinese upstream textile producers are increasing production as fears grow that the trade war with the US will hurt exports of apparel and other textile products, now additional 10% tariffs are to be levied on a wide range of China-made textile and clothing products from September 1.…
EU APPROVES CROATIAN GOVERNMENT SUBSIDY FOR NEW LNG TERMINAL
THE EUROPEAN Commission has approved Croatian government plans to fund the construction and operation of a floating liquid natural gas (LNG) terminal at Krk island, in the northern Adriatic Sea. The European Union (EU) executive said a direct EUR100 million subsidy from the Croatian government complied with EU state aid rules.…
FATF RELEASES GUIDANCE TO HELP ACCOUNTANTS FOLLOW RISK-BASED APPROACH IN AML/CFT EFFORTS
ACCOUNTANTS may be the designated non-financial professionals controlled by AML/CFT laws best placed to know if a client is laundering money, given their access to complete financial records. And while Financial Action Task Force (FATF) recommendations do not lay down as comprehensive a duty on accountants as banks on lodging STRs (see https://www.fatf-gafi.org/media/fatf/documents/reports/RBA-Accounting-Profession.pdf…
SUPPLY CHAIN DISRUPTORS OFFER BRANDS DECISION-MAKING POWER – FOR PURCHASES AND SALES
The news that major American retailer Barneys New York has entered Chapter 11 bankruptcy and plans to close all but two stores is yet another warning sign for the industry that brands should not rely upon department stores to sell their product.…