Search Results for: China

THE EUROPEAN Union (EU) textile industry needs ambitious investment and a strong state aid subsidy plan to survive rising energy costs, enabling them to continue operating efficiently in global markets, European textile experts have told WTiN.

“Since last summer, the EU textiles sector has been faced with sky-high gas and energy prices and this puts further pressure on an already strained supply chain,” the European apparel and textile confederation (Euratex) senior policy officer for trade and industry Paolo Sandri noted.…

The USD865 million investment announced by BMW into boosting its electric vehicle (EV) manufacturing capacity in Mexico is, say industry experts, a signal of how Mexican automotive capacity may be oriented increasingly intensely on the American market.

Germany’s BMW will spend this money over the next four years to enable production of the ‘Neue Klasse’ electric vehicle range in Mexico starting 2027.…

After weathering a Covid-impacted 2021, Vietnam’s apparel and footwear sectors rebounded in 2022, along with the rest of the economy, and while they are looking forward to medium-term expansion, 2023 could be a rocky ride.
Exports of footwear in the first half of 2022, for example, rose 13% by value compared to the same period in 2021, according to data released by the Vietnam News Agency (VNA) the state-run news agency (1).…

DESPITE sky-high energy prices, currently six times higher than the USA, China and other Asian production hubs, causing loss of competitiveness and closures, European clothing companies will survive, European Union (EU) experts have told Just Style. EU electricity prices are often around EUR0.56/KWh at present, compared to USD0.10/KWh in competing industrial centres, according to EU data.…

At the end of 2022, the Chinese garment industry found itself in a conflicting situation: on one hand, the abrupt abandonment of strict Covid-control measures in December fuelled hopes that Chinese consumer demand will grow steadily. But on the other hand, many factories preponed and extended the Chinese New Year holiday to shield their owners’ financial standing from the risk that manufacturing capacity would remain underutilised.…

Chinese dairy giant Mengniu has told Just Food it wants to shorten supply chains for China’s growing ice cream market in a deal with the local government in Meishan, Sichuan province, to build a smart facility to make premium ice cream.…

Fresh food manufacturers worldwide are developing intelligent packaging that can help them reduce both food and plastic waste, responding to regulatory and consumer pressure to minimise their products’ environmental footprints.

Such bio-innovations may be of particular importance to European Union (EU) food manufacturing companies, given the EU is revising its packaging and packaging waste directive.…

Caribbean island states are looking to harness their natural advantage in bounteous sunlight to expand solar power, boosting their energy independence, while reducing the cost of energy as gas and oil prices rise. Even in oil and gas-rich Trinidad & Tobago, consumers have been feeling the energy pinch, facing increases in their electricity bills in 2023.…

Researchers at the University of Sherbrooke, in Québec, supported by CMC Microsystems, are helping build sensors to detect ‘dark matter’ – the unknown substance that scientists think makes up about 27% of the universe. That, combined with the equally undetectable dark energy (68% of the universe says physics research centre CERN), can be inferred by its gravitational pull on stars and planets.…

Brazil’s economy has been either contracting or sluggish for the last decade, but the country’s strong dairy sector hopes this year could be different. With a new President in charge of the most populous South American nation since January 1, business leaders say exports could revive the industry, even if the local market continues to be in poor shape.…