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PRODUCTION at Venezuela state oil company Petróleos de Venezuela SA (PDVSA) has slumped under mounting financial pressures, building during the past 15 years when revenues have been tapped by its socialist government to fund social programmes, diplomatic initiatives and other non-commercial policies.…

The manufacture of nonwovens surgical gowns are offering Cambodia’s nascent non-wovens sector hope for growth,  in one of the world’s toughest garment and fabric export businesses. The problem for smaller emerging market countries such as Cambodia, experts from international non-wovens industry associations told WTiN.com…

The investment arm of Hong Kong-based Li & Fung is investing in US-based Centric Software Inc, a provider of product lifecycle management (PLM) software to the apparel industry, helping Centric’s expansion into Asia. Centric announced yesterday (July 29) it has secured USD24 million in growth capital from financiers including Fung Capital USA – the investment arm of Hong Kong-based Fung Group, which includes Li & Fung.…

European food manufacturers have welcomed progress on a transatlantic free trade deal at a meeting of negotiators and business leaders in Brussels but warned that American non-tariff barriers need scrapping to enable exporters to take full advantage of an agreement.
Speaking to officials and industry representatives at Wednesday’s (July 16) meeting, Roxane Feller, economic affairs director at trade association FoodDrinkEurope, said: “The United States is our top trading partner.…

Many eyes will be on a court room in Shanghai on July 29 when a Chinese judge will decide the fate of one of the most prominent investigators of fraud in China. The trial of Peter Humphreys and his wife Yu Yingzheng follows a year’s imprisonment for the two, who founded ChinaWhys, a Shanghai and Hong Kong-based firm that performed due diligence, credit checks (as well as investigations of staff for possible kickbacks or embezzlement) for western corporations in China.…

COSMETICS and personal care product companies are increasingly looking to eco-friendly packaging to deliver green marketing as well as practical cost-saving advantages. Producers are seeking to raise consumers’ awareness of environmentally-sensitive products by using packaging materials such as wood and decoration such as reusable ribbons and scarves; encouraging thrift by offering refillable fragrance bottles; and saving costs by using lighter packaging materials, that can also be flagged as sustainable on labelling.…

THE MIDDLE East cosmetics market is weathering the region’s current political and economic instability in the region. While the markets in the Levant are experiencing tough times, Gulf sales continue to grow. Retailers and manufacturers are also offsetting the losses incurred in depressed and unstable countries by exporting to burgeoning African markets.…

INDIA’s new government may impose a 20% anti-dumping duty on saturated fatty alcohols from Indonesia, Malaysia and Thailand – an important raw material for shampoos and cosmetics. Administrative proceedings that may spark the creation of this tariff started in this February, before the May general election, which brought the current BJP administration to power.…

SIX months after new European Union (EU) rules came into force regarding air passengers carrying liquids, aerosols and gels (the trade acronym is LAGs) in hand luggage at EU airports, business seems to have improved for personal care product duty free retailers.…

IN the 1970s and 1980s, the governments of Latin America and the Caribbean did not have a comprehensively robust reputation for sound financial management. Many Caribbean island states had newly emerged from colonialism, finding their way as independent countries. And many Latin American countries were riven by social discord, even civil war, with many under military rule.…