Search Results for: China

THE RUSSIAN financial conglomerate AFK Sistema, owned by billionaire Vladimir Evtushenkov, plans to expand into the country’s textile manufacturing business through the acquisition of a controlling stake in Vologda Textile, one of Russia’s largest and oldest textile producers. According to sources close to AFK Sistema, the company is interested in a 51% stake in the mothballed north-west Russia-based Vologda Textile – its first investment in the textile sector.…

CHINA has retaliated swiftly to the USA’s imposition of 25% duties on Chinese automotive exports, announcing matching 25% retaliatory duties the following day (June 16) on a wide range of American exports of cars, SUVs and off-road vehicles, including hybrids and electric autos.…

INDONESIAN President Joko Widodo’s drive to upgrade the country’s infrastructure is set to benefit the textile industry, but the problem of high energy costs remains an obstacle to competitiveness, industry players have warned.

Since taking office in October 2014, Widodo’s administration has embarked on ambitious projects to tackle infrastructure bottlenecks by building roads, ports, airports and power plants.…

THE AMERICAN tobacco industry has had to face up to retaliatory safeguard duties on imports into the European Union (EU) of USA-made tobacco and tobacco products, after US President Donald Trump imposed import duties on EU-made aluminium and steel imports.

The American duties came into force on June 1 and the EU reaction was swift.…

CHINA’S automotive manufacturing sectors will be counting the cost of new tariffs announced today (Friday, June 15) by the USA Trade Representative (USTR). They involve USD50 billion’s worth of Chinese exports being hit by 25% duties, additional to any other duties already applied.…

PAKISTAN’S textile industry associations have urged their government to provide “an enabling environment” and relax import duties on raw materials to encourage exporters and boost value-addition for the country’s struggling textile industry.

Reacting to Sindh province governor Mohammad Zubair’s remarks in which he highlighted the importance of the industry adding value to its products to boost textile exports, association leaders say his comments are unfounded as manufacturers are doing their best but battling high production costs, against which they have campaigned long and hard.…

JOINING expertise from the public and private sector to combat money laundering or terrorism financing (TF) aided by virtual currencies (VCs) is the way forward, financial crime experts told MEPs at the June 18 meeting of the European Parliament’s special committee on terrorism.…

THE NONWOVENS sector has always been at the cutting edge of materials production, and so established developed economy manufacturers have often had the edge. But with global markets integrating, and emerging economies becoming increasingly sophisticated, new nonwovens manufacturing bases are growing all the time.…

CHINA’S lithium battery manufacturers will be counting the cost of new tariffs announced on Friday (June 15) by the USA Trade Representative (USTR). They involve USD50 billion’s worth of Chinese exports being hit by 25% duties, additional to any other duties already applied.…

THE ALUMINIUM industry associations of the United States, the European Union (EU), Canada and Japan have this afternoon called for the creation of a Global Multilateral and Governmental Forum on Aluminium Overcapacity to drive the development of an international plan to shrink world production.…