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SMART TEXTILES TARIFFS AND DUTIES – DEEP DIVE
INTRODUCTION
In the competitive and innovative world of smart textile manufacturing and sale, companies strive to maximise functionality and minimise costs. Their ingenuity is the basis of their competitiveness. But as with all industries, some costs are out of their control.…
MALAYSIA SEES DIGITAL TEXTILE PRINTING AS A KEY PART OF ESSENTIAL AUTOMATION
Digital textile printing will help Malaysia’s textile industry adopt greater automation as it tries to cope with a tight labour supply, the Malaysian Textile Manufacturers Association has said.
Its president Tan Thian Poh said the digital textile print segment will take centerstage, as fabric manufacturers cope with Malaysian government immigration restrictions on foreign workers for all industries.…
TEXTILE SECTOR MULLS IMPACT OF RUSSIAN INVASION OF UKRAINE ON ENERGY PRICES
Russia’s invasion of Ukraine has disrupted energy supplies and raised concerns about the future availability of oil and gas, inflating these commodity prices and hence energy prices, increasing textile and apparel processing costs worldwide. On December 21, as Russia was preparing to send its military into Ukraine-government controlled territory (February 24), Brent crude was selling for USD71.57 a barrel.…
AUSTRALIA’S PAINT AND COATING SECTOR INCREASED FASTER THAN THE OVERALL ECONOMY
The Australian coating and paint market withstood the Covid-19 pandemic downturn comparatively well, despite prolonged lockdowns of major cities, with industrial paint sales and private renovation projects boosting the market. Across the Tasman Sea, New Zealand’s even stricter Covid-19 lockdown regulations have hampered growth, however companies have used downtime to innovate.…
ASIAN REGULATORY ROUND UP - JAPAN RESTRICTS PAINT AND CHEMICAL TRADE WITH RUSSIA OVER ITS INVASION OF UKRAINE
Companies in Japan that export paint and coatings and related chemicals ingredients to Russia and Belarus may face a trade ban if those items have been classed as ‘advanced goods’ under a May 20 amendment to Japan’s Export Trade Control Order.…
TECHNICAL ROUND UP – EFRAG RELEASES EUROPEAN SUSTAINABILITY REPORTING STANDARD DRAFTS
The European Financial Reporting Advisory Group (EFRAG) has released its first full set of final draft sustainability reporting standards for the European Union (EU) for public consultation. EFRAG has been charged with developing standards expected to become compulsory under a proposed EU Corporate Sustainability Reporting Directive.…
MALAWI REGULATOR BLOCKS COURSE ACCREDITATION, FOLLOWING ACCUSATIONS OF INACTION
Malawi’s National Council for Higher Education (NCHE) has suspended programmes at a Catholic university, its first punitive action on HE standards since being accused of allowing sub-par teaching in the country’s tertiary education sector,
The regulator’s target has been DMI-St John the Baptist University, a Catholic university, whose main campus is in Mangochi, in southern Malawi, with branches in the capital, Lilongwe, and Blantyre, the country’s largest commercial centre.…
GM ANNOUCES CAD2 BILLION INVESTMENT IN ONTARIO ELECTRIC VAN AND ICE PICK-UP PRODUCTION
Another major auto manufacturer has announced a significant investment in Canadian electric auto production, this time GM, who this morning (Monday April 4) said it would sink more than Canadian dollars CAD2 billion (USD1.6 billion) into establishing an EV vehicle plant at CAMI, Ingersoll.…
CANADA AUTO SECTOR SAYS FEDERAL GOVERNMENT BUDGET FALLS SHORT IN EV SUPPORT
The Canadian auto sector has expressed disappointment that its federal government has not done more in its latest budget, released on April 7, to finance the expansion of electric vehicles sales.
While industry associations have welcomed an expansion of financing for EV purchase subsidies and the development of battery mineral production, more money was needed to encourage sales, they said.…
LUXIOUROUS CAMEL HAIR MARKET COULD GROW, IF SUPPLY CHAIN WEAKNESSES ARE TACKLED
The camel wool industry has grown in recent years, but this niche market has yet to reach its potential, particularly as a sustainable fibre popular with environmentally-sensitive consumers, say industry experts, producers and sellers.
Global production of camel hair rose from 2,018 tonnes in 2006 to an estimated 3,600 tonnes in 2021, according to data from the International Wool Textile Organisation (IWTO).…