Search Results for: America

US textile manufacturer HanesBrands says it has invested USD5.2 million in new technology and staff in El Salvador in the last six months and plans to inject USD5.2 million more in the central American country by the New Year. The international manufacturer has so far this year set up a new garment dying line at its San Juan Opico, La Libertad department plant, expanded its socks production in the same complex, and increased its workforce to meet global demand.…

THE HONDURAS clothing sector industry association has welcomed the expansion of the Central American Customs Union into a three-country bloc, with El Salvador joining Guatemala and Honduras to forge a light border trading zone of more than 32 million people. El Salvador will officially accede to the union (see below for more information) in November, allowing 95% of products manufactured in its members to freely circulate in the region duty free through common customs, security, and other rules, strengthening local supply chains.…

EUROPE can meet its goal of cleaning up the power sector several years earlier than by the European Union’s (EU) self-imposed deadline of 2050, according to Kristian Ruby, secretary general of the Union of the Electricity Industry – Eurelectric, the sector association representing the industry at pan-European level.…

LARGE motorway service areas have become a recent feature of the Irish landscape, with plaza-type facilities incorporating fuel, food and grocery retailers under one roof.  However, the key players in the forecourt market, which is increasingly held by Irish firms Maxol and Applegreen, along with Canadian newcomer Couche-Tard – are now racing to reposition themselves given the Irish government plans by 2030 to end sales of petrol and diesel vehicles.…

THE SCALE of Italy’s paints and varnishes sector remained relatively unchanged through 2017, according to AVISA, a division of Federchimica, the national chemicals industry association. Werther Colonna, president of AVISA, told Polymers Paint Colour Journal (PPCJ) that the sector suffered a difficult year in 2017, marked by a succession of ups and downs, which translated into fluctuating monthly sales.…

THE FRENCH paint and varnishes industry saw sales decline for the third consecutive year in 2016, contracting by 1.6% year-on-year to EUR2.9 billion, according to market research company Euromonitor International. It believes, however, that business should pick up in the coming years due to rising construction of homes.…

CONCERNS continue to grow about capacity in anti-money laundering/combating the financing of terrorism (AML/CFT) systems, with managers being urged to take advantage of the AML profession’s openness to change.

A Dow Jones/ACAMS (Association of Certified Anti-Money Laundering Specialists) global anti-money laundering survey focusing on retail and commercial banking, private banking/wealth management and investment banking, released April 2016, showed 60% of respondents cited increased regulatory expectations as the greatest AML compliance challenge (http://files.acams.org/pdfs/2016/Dow_Jones_and_ACAMS_Global_Anti-Money_Laundering_Survey_Results_2016.pdf…

THE USA’s clothing industry has met in Washington DC to plot tactics designed to push the Trump administration away from a protectionist policy that it regards as potentially damaging for brands, retailers and their consumers.

A trade symposium staged last Thursday (July 12) by the United States Fashion Industry Association (USFIA) united clothing sector executives, compliance chiefs, customs specialists and government affairs managers.…

Looking to tap into Europe’s growing hunger for Japanese cuisine – and ramen noodles especially – noodle-maker Takara Sangyo Co Ltd, has announced plans to open its first European production facility in France.

The company, which is headquartered in Kyoto, is to invest EUR2.6 million in establishing a new plant in the town of Amblainville, Hauts-de-France region, in northern France, although no date has yet been set for production to commence, an official told just-food.com.…

The digital integration of Bangladesh’s booming textiles and garment sector is gaining pace, with ‘Industry 4.0’ becoming a watchword for becoming more competitive. One company that has been taking such technological development very seriously is the Dhaka-based DBL Group, which has targeted digital efficiencies to turbocharge its business growth. …