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NEW integrated paint manufacturing units in India with an annual production capacity of less than Indian Rupees INR500 million (USD6.6 million) will soon be exempt from securing prior environment clearance by the ministry of environment and forests (MoEF). This rule, covering plants with production facilities for resins and pigments, is expected to come into force early next year (2021) once the central government formalises and gazettes a new Environment Impact Assessment (EIA) Notification.…

China’s recycled polyethylene terephthalate (PET) materials market is heading for another distortion with repercussions for apparel and footwear brands. While the likes of Adidas, Nike and Decathlon continue shifting from virgin fibre to recycled fibre to improve their environmental impact standings, China’s PET market is heading for another distortion, raising the spectre for supply bottlenecks and price increases.  …

The Mauritius clothing and textile sector has been assessing its use of technology to reduce costs and boost efficiency as it mulls how to emerge from the Covid-19 pandemic in good shape to compete globally.

Avinash Goburdhun, managing director and owner of Wensum Ltd, a company supplying formal wear to the UK and USA, said: “More emphasis is being laid on the use of technology across the factories, with more lean production and supply chain consolidation to reduce airfreight costs.”…

ARAB COUNTRIES MUST JOIN WEST IN DIPLOMATIC ENGAGEMENT WITH SYRIA TO FORGE NEW PEACE

After a 10-year-old civil war in which an estimated 400,000 people have died, calls for restoring diplomatic relations with the ruthless government of Bashar al-Assad, now controlling around 75% of the country, sound like bitter medicine.…

Abundant levels of data created throughout the garment supply chain are increasingly being leveraged to boost sales and margins, and the more figures are crunched the better.

KeunYoung Oh, chair and associate professor of the department of fashion and textile technology at State University of New York College, in Buffalo, USA, said as a result, data analysis skills are an essential component of recruitment policy.…

The international gold trade is worth over USD6 trillion a year, according to the World Gold Council (WGC), but oversight of the supply chain is considered weak by many critics, relying on self-regulation, making it vulnerable to money laundering.

Gold remains scarce and hence valuable: from antiquity until 2019, just 197,576 tonnes has been mined – equivalent to a 21.7 metre cube, according to the World Gold Council.…

Many of European Union’s 27 member states appear to have been dragging their feet when implementing a key provision of the fifth anti-money laundering directive (5AMLD) (1), setting up a public ultimate beneficial ownership (UBO) register.  The registers should have gone live for the corporate world on January 10, 2020, and two months later on March 10 for trusts.…

SOUTH Africa’s paints and coatings industry has been struggling though the particularly tough Covid-19 lockdown imposed by the country’s government, which saw its manufacturing plants and most paint retailers closed from March 26 until May 1.

What made this order worse was that from March 26 until May 1, homeowners were told to remain at home except for essential purchases, making it hard for them to help each other with renovations, swapping decoration equipment and more – preventing many from undertaking renovations during this enforced time off.…

The Peruvian alpaca-based fabric industry is targeting a robust post-Covid 19 recovery by strengthening its international relationships through strategic alliances. Also, by focusing on innovation, this speciality wool segment is also trying to reverse declines in production and exports worsened by claims of cruelty by alpaca farmers made by USA-based campaign group PETA (People for the Ethical Treatment of Animals).…

IN Australia, the process of bringing the nation’s AML/CFT laws and regulations up to international standards has stalled, senior AML/CFT specialists have told MLB. And a widening banking scandal currently highlights the need for reform, they say, with Australian financial institutions struggling to detect and report money laundering and other criminal transactions.…