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INDIA: BANKNOTES FOR VOTES CORRUPTS BUSINESS ENVIRONMENT

AS the afternoon heat ebbs in the middle of this Indian summer, a police team block a major highway outside the city of Nashik, in the western state of Maharashtra, rolling in wheeled yellow-coloured barricades. Soon a traffic jam builds up and policemen move from one car to another in search for cash, often hidden in door cavities or spare wheels.With…

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COMMISSION SETS STRICTER CMR LIMITS FOR TEXTILES

The rules amend existing restrictions in the REACH chemicals regulation 1907/2006. They set maximum concentration limits for chemicals “particularly harmful in case of frequent contact with human skin”, the Commission said in an October 10 press note.

Permitted levels range from 1mg/kg for cadmium, chromium, arsenic, and lead to 3,000mg/kg for N,N-dimethylformamide (DMF).…

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TRADE WAR OR NOT, CHINA SEEKING ALTERNATIVES TO US SOYBEANS

The US and China at the G20 meeting in early December settled for a 90-day suspension of their bilateral trade war including a halt to any additional tariffs, but sourcing patterns are not going to become business-as-usual any time soon for China’s soybean sector.…

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NEW INDIAN MEDICAL STOCKINGS MAKER PROSPERS FROM COMBINING QUALITY WITH LOWER COSTS

 

INDIA’S knitted medical stockings maker Ista Healthcare has been in business for only three years but has already been exporting products, has created backward integration and is now seeking venture capital for future expansion.

“Our product has been created right from scratch and is now accepted worldwide,” said Kumaraguru Muthuswamy, chief executive of Ista Healthcare LLP, based in the southern Indian city of Coimbatore, in Tamil Nadu state.…

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EU RELEASES REGULATION DEMANDING EXTRA DATA ON NANOPARTICLES IN MINERAL-BASED CHEMICALS

 

MANUFACTURERS and users of chemicals made from minerals, and chemical mineral processing agents within the European Union (EU), will from January 2020 have to check whether the chemicals they use contain nanoparticles. If they do, they will have to assess their safety and report the results to the European Chemicals Agency (ECHA).…

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ATHLETIC APPAREL INDUSTRY MEETS TO DISCUSS CHALLENGES, OPPORTUNITIES OF THE FUTURE

With manufacturing technology advancing at an ever-faster pace, sports apparel companies need to constantly look for ways to embrace new techniques to compete in a constantly changing landscape, an international industry meeting has been told.

Sustainability, blockchain and Industry 4.0 are three of the most important trends being considered by brands and their suppliers, and they were focal points at the sixth World Manufacturers Forum (WMF), organised by the World Federation of the Sporting Goods Industry (WFSGI) in Ho Chi Minh City, Vietnam from December 11-12.…

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CHINESE PERSONAL CARE PRODUCT MARKET MATURES AS ONLINE SALES BOOM

It is hard to avoid either a cosmetics store or an advertisement for one in Chinese cities today. A mind-boggling wave of new retailers set up by investment firms to cash in on the cosmetics and personal care boom are eagerly seeking franchisees around the country.…

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EU RELEASES REGULATION DEMANDING EXTRA DATA ON NANOPARTICLES IN FINISHING CHEMICALS

 

EUROPEAN Union (EU) textile finishers and their suppliers will from January 2020 have to check whether the chemicals they use contain nanoparticles, and if they do, assess their safety and report the results to the European Chemicals Agency (ECHA). This follows the release of a new EU regulation on nanoforms amending EU chemical control system REACH which will apply to all current REACH registered chemicals and any subject to new registration applications.…

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VOLVO RUSSIA CFO STRESSES NEED FOR EMPATHY AND FLEXIBILITY TO SUCCEED IN BUSINESS

There are two displays in the Moscow office of the CFO of Volvo Car Russia, Vladimir Lagutin, that catches the attention, immediately: a large elegantly-framed poster of UK electronic music band Depeche Mode and a case of tennis balls.

“Those things – music and tennis – keep me from being stressed,” says Lagutin.…

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VIETNAM PUSHES FORWARD WITH NEW AML LAW AND ASSOCIATED IMPLEMENTATION GUIDANCE

FINANCIAL institutions and other anti-money laundering reporting sectors within Vietnam have had to grapple, since January 1, with a revised Penal Code, which has changed how money laundering is defined in criminal law.

In its 2018, International Narcotics Control Strategy Report (INCSR), the USA State Department notes that this “revises the money laundering offence and adds criminal liability for legal persons involved in money laundering.”…

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