Search Results for: China
10 results out of 3991 results found for 'China'.
VIETNAM TEXTILE AND GARMENT OFFICIALS CELEBRATE STRONG EXPORT YEAR, SETTING BAR HIGHER FOR 2018
Vietnamese textile and garment industry officials have capped a bumper 2017 with forecasts for further robust export growth this year if it can overcome challenges from neighbouring country textile sectors by investing in skills, equipment and automation.
Le Tien Truong, general director of the Vietnam National Garment and Textile Group (Vinatex), predicting a year-on-year increase of 10% in export value, to USD34 billion, from 10.23% annual growth in 2017 when exports totalled USD31 billion.…
PAKISTAN TEXTILE INDUSTRY DEMANDS EARLY DISBURSEMENT OF INCENTIVES PACKAGE
PAKISTAN’S textile exporters have urged their government to speed up and
enhance a tax incentives package if they are to kick
start the country’s ailing textile sector.
The government has rolled out a series of incentives over the past year, including the abolition of a 4% customs duty and 5% sales tax imposed on import of raw cotton announced on January 5 (in force on January 8), meeting a long-standing demand of the textile sector. …
INDONESIAN TEXTILE EXPORTS RISE AFTER YEARS OF STAGNATION
INDONESIA’S textile and garment exports rebounded strongly in 2017, rising about 5% to USD12.4 billion after four years of stagnation, the head of the country’s textile industry association has revealed.
Factory relocation, political stability and less labour unrest contributed to the growth, said the chairman of the Indonesian Textile Association (API – Asosiasi Pertekstilan Indonesia), Ade Sudrajat.…
NEW RUSSIA POLYESTER PLAN GOAL IS TO SOLVE PROBLEM OF RAW MATERIALS SHORTAGE IN DOMESTIC TECHNICAL TEXTILE INDUSTRY
A NEW polyester plant is to be built in a Russian textile production hub to overcome a shortage of domestic technical textile and nonwovens raw materials and, ideally, launch the export of those materials to the European Union (EU) market.
The Russian federal government, together with the Ivanovo regional government (oblast), north east of Moscow, are now building an Ivanovo Polyester Complex, which they hope will become a major supplier of raw materials once it starts operations in early 2019.…
GREEK TOBACCO INDUSTRY RALLIES AGAINST SERIES OF SETBACKS
The economic crisis, anti-smoking legislation, increased product taxation and new tax regimes for producers are taking their toll on the Greek manufactured tobacco market.
A surge in cigarette prices has depressed cigarette sales and increased fine cut tobacco sales, according to market researchers Euromonitor International.…
SLUMP IN TOBACCO PRODUCTION - ZAMBIA FEELS THE PINCH.
WITH tobacco being a key driver of Zambia’s agriculture sector and a past reliable source of export earnings, a recent decline in leaf production has taken a heavy toll on this southern African country’s economy. Indeed, Zambia saw its agricultural foreign exchange earnings (of all farm-based products) fall by USD100 million in 2017, according to Zambia’s agriculture ministry.…
SPECIALIST CHEMICALS SECTOR IS GLOBAL GROWTH AREA, AS DEMAND FOR SMART MATERIALS GROWS
THE GLOBAL speciality chemical market has been showing steady gains over the past few years and is set to continue in its growth trajectory, according to latest data. According to data from Pune, India-based global research company Allied Market Research, the global industry was worth USD175.4 billion in 2014 and has since shown promising growth to USD184 billion in 2015, USD193 billion in 2016 and USD202.5 billion in 2017.…
WESTERN UNION FINED FOR TURNING BLIND EYE TO PAYMENTS TO CHINESE HUMAN TRAFFICKERS
INTERNATIONAL payment service provider Western Union has agreed to pay a USD60 million fine and tighten its anti-money laundering (AML) systems in New York. This will settle proceedings brought by state regulators who allege WU turned a blind eye to payments to Chinese human traffickers.…
METALS INDUSTRY WELCOMES NEW EU TRADE DEFENCE INSTRUMENTS
EUROPEAN non-ferrous metal industry association Eurometaux has welcomed the release of new details of European Union (EU) controls of the dumping of cheap metal and ore on EU markets. “We commend EU institutions for reaching a long-awaited agreement on trade defence modernisation,” European non-ferrous metals association Eurometaux director general Guy Thiran told Metal Bulletin.…
THAILAND HAS POTENTIAL TO BE NEW SE ASIA REGIONAL KNITWEAR MANUFACTURING HUB
WITH full supply chains and innovative products, Thailand’s knitwear industry is thriving, making the country a nucleus for fashion manufacturing in the Association of Southeast Asian Nations (ASEAN) region. Thai Garment Manufacturers Association (TGMA) executive director Chartchai Singhadeja said: “Thailand’s strength lies in our full-value supply chains, starting from fibres to yarns and fabrics, then apparel and clothing within the fashion industry.”…